Policy

 

Kelowna-Mission MLA Steve Thomson appointed energy minister

Thursday, November 18th, 2010

Kelowna-Mission MLA Steve Thomson was appointed to the position of energy minister Wednesday, not long after Kootenay East MLA Bill Bennett was kicked out of the Liberal cabinet.

It will be added to Thomson’s current responsibilities in the newly created Ministry of Natural Resource Operations, a topic that also became the target of Bennett’s ire when he spoke to reporters at the legislature this afternoon.

“Steve Thompson’s a first-rate individual and he’s got plunked into the middle of a terrible, awkward situation being the Minister of Natural Resource Operations, and no one knows what in the hell that is exactly,” Bennett said.

Premier Gordon Campbell has said the reorganization of resource ministries is needed to reduce duplication and red tape for industry, and it is going ahead as planned.

Link to full article

Opportunity knocks for Canada on clean energy file

Thursday, November 18th, 2010

Google Inc. Green Energy Czar Bill Weihl poses stands among a group of solar panels at the company’s campus in Mountain View, Calif. this past June. People around the world are working on innovative ways to reduce pollution, combat climate change, increase energy security, and strengthen economies with clean energy technologies.

People around the world are working on innovative ways to reduce pollution, combat climate change, increase energy security, and strengthen economies with clean energy technologies. At the same time, people in the most profitable and heavily subsidized industry in the history of the world, the fossil fuel industry, are stepping up efforts to slam the brakes on this progress. Some of them hope recent events in Canada will help fuel their obstructive plans.

Fortunately, many people are starting to see through the oily film. In California, voters didn’t buy immoral efforts by out-of-state oil companies to kill progressive legislation aimed at reducing greenhouse gas emissions and sparking the clean energy economy. Despite massive amounts of money the oil companies sank into Proposition 23, which would have suspended the 2006 Global Warming Solutions Act, Californians overwhelmingly rejected it on Nov. 2.

Unfortunately, the industry is far from running out of gas when it comes to promoting its short-term interests. During the November U.S. election, thanks in part to generous campaign contributions from oil interests, voters elected many Republicans who don’t believe in the incontrovertible scientific evidence for human-caused climate change.

Meanwhile, oil companies continue their massive campaign to spread disinformation through the media. Recent letters and opinion articles in The Vancouver Sun and numerous other publications by oil industry front groups masquerading as scientific organizations and weathermen and oil company executives pretending to be objective observers have proffered disingenuous arguments that veer back and forth — often among the same writers — between denying that climate change even exists and accepting that it is real but claiming that there’s little we can, or should, do about it.

One of those letters claimed that the recent resignation of federal environment minister Jim Prentice gives the Stephen Harper government an opportunity to “make a fresh start” on climate change. But by fresh start, the writer didn’t mean the government should move beyond its current obstruction of international efforts to address climate change and refusal to forge a coherent response to this issue on the domestic front. Instead, he meant that the Conservatives ought to do even less than they are already doing — if that is even possible.

Prentice’s resignation and that of B.C. Premier Gordon Campbell do present opportunities for B.C. and Canada — but real opportunities rather than the false and morally reprehensible choices the oil industry and its shills are promoting. Neither Prentice nor Campbell could be considered a true “green” leader, but both at least showed some foresight in controversial decisions on a few environmental issues.

Prentice, for example, made some progress with parks and marine protected areas and he put a halt to plans for an environmentally destructive mine in British Columbia, the Prosperity Mine.
Campbell, though a disappointment on many environmental fronts (species protection, fish farming and freeway expansion plans under the Gateway project), deserves credit for bold leadership in establishing B.C. as the first jurisdiction in North America to put a price on carbon emissions that increases over time, for banning coal-fired power plants and for toughening vehicle-emissions standards.
We need leaders who can build on these initiatives and put the interests of Canadians first.

Link to full article

Canada’s Renewable Energy Sector About to Take Off – Report

Tuesday, November 16th, 2010

Despite small role in renewable energy Mergers and Acquisitions boom, Canada is set to take off says PriceWaterhouseCoopers. Sector support to help spur venture capital, corporate and private investment activity is needed.

Calgary and Toronto, November 12, 2010 – Despite an all-time high in M&A deal volume in the renewable energy sector around the world, Canada is poorly represented, according to a report from PwC.

Transaction growth in the industry has largely occurred outside of North America, favouring companies in Europe and Asia. In 2010, a total of 321 renewable energy transactions have been announced to date internationally.

Canada’s share of the deal activity in North America has decreased. In 2010, only 22% of deals had a Canadian target, compared to 34% in 2009 and 30% in 2008. This is far below the average for the energy and mining sectors where global deals with a Canadian target average 10% to 20 % higher.

Three-quarters of the deal activity to date is from wind, solar and hydro targets with biofuel, diversified and other renewable energy targets representing the remaining 25%. Hydro deal volumes are the highest, 18% higher than in 2009 while solar deal volumes are 16% higher.

Link to full article
Link to PwC report

Canada will lead G7 in economic growth: IMF

Wednesday, October 6th, 2010

Despite the recent slowdown, the International Monetary Fund said Wednesday it still sees Canada to be the leader in economic growth among major industrialized countries this year and next.

The finding is contained in the organization’s latest world economic outlook, released Wednesday, which suggested growth in the emerging markets would advance three times faster than rich nations next year.

The IMF forecast indicated the Canadian economy is set to grow 3.1% this year and 2.7% in 2011, which would be tops among major industrialized economies. Plus, next year’s expected advance of 2.7% would be ahead of the average 2.2% growth anticipated for the other big industrialized economies, such as Japan, the United States and Europe.

According to the IMF, the Canadian economy has been “relatively buoyant,” citing household balance sheets and a banking system that are in far better shape relative to their industrialized peers. This has allowed the Bank of Canada to begin raising its benchmark rate, from 0.25% to 1% as of last month. However, most analysts believe the central bank, led by governor Mark Carney, is about to hold off on rate hikes for the foreseeable future as growth in the United States weakens, and the U.S. Federal Reserve contemplates additional liquidity injections through asset purchases, or quantitative easing.

Link to full article

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