FOR IMMEDIATE RELEASE: 25th March 2019
New fossil fuel subsidies jeopardize climate action
On Monday, the BC legislature voted 80–3 to approve new fossil fuel subsidies to prop up LNG export projects like Woodfibre LNG and LNG Canada. This latest tax giveaway is in addition to subsidized power rates, elimination of the LNG royalty tax, reduced provincial income tax, and exemptions from carbon tax increases, to name a few. The total tax giveaway has been calculated at over $6 billion.
"The tax breaks and subsidies that have already been granted to this fledgling LNG industry are irresponsible and reckless," said Tracey Saxby, marine scientist and Executive Director of My Sea to Sky. "Subsidizing a new fossil fuel industry when we're facing a climate crisis is fracking crazy."
While LNG has been promoted as "clean" and "green" by the Provincial government, experts say BC LNG will create more greenhouse gases than coal due to leaking methane from fracking, and delay the transition to renewables.
"Scientists have warned us that we have twelve years to avoid climate catastrophe. People are scared about the very real consequences that climate change is already having on our communities. Incentivizing fracking and the rapid export of BC's natural gas seriously threatens BC's ability to meet its climate targets."
The 18.9 Mt of greenhouse gas reductions proposed in B.C's climate plan (CleanBC) still fall 25 percent short of achieving our legislated 2030 target of 25.4 Mt to meet the Paris Agreement.
To achieve the new emissions target outlined by the recent IPCC report, we need to reduce B.C.’s emissions by 27.9 Mt by 2030 (45 percent below 2010 levels). That means the shortfall between B.C’s climate plan (Clean BC) and where we need to get to according to the IPCC is now a total of 9 Mt. Projected emissions from the two approved LNG projects in British Columbia (Woodfibre LNG and LNG Canada) are 9.1 Mt annually. If it proceeds, LNG Canada will be the single biggest source of carbon pollution in B.C.
"We need to acknowledge the cognitive dissonance of our governments: while we work to reduce our emissions, our Provincial and Federal governments continue to incentivize new emission intensive projects like LNG. This is a disappointing turnaround for the BC NDP, who spent years criticizing the BC Liberals for subsidizing LNG projects."
"Imagine if instead these incentives supported the transition to a renewable energy future. We cannot continue to build new fossil fuel infrastructure when we are facing a climate crisis that threatens the future of our planet and human existence."
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For interviews please contact:
Tracey Saxby -- Executive Director, My Sea To Sky
604.892.7501 [email protected]
SEE THE LIST OF TAX BREAKS AND SUBSIDIES ALREADY GRANTED TO WOODFIBRE LNG
About My Sea to Sky
My Sea To Sky is a people-powered environmental organization that was founded in 2014 to defend, protect, and restore Howe Sound. We actively advocate against unsustainable industrial projects that threaten the environmental recovery of Howe Sound, and are working to develop a shared vision and plan to protect Howe Sound for future generations, and reduce human caused threats to Howe Sound. We do this by organizing educational events; coordinating research; building partnerships and respectful relationships; lifting up First Nations voices and culture; and facilitating public engagement with our municipal, provincial, and federal governments. We aim to inspire our community to become activists, and make it as simple as possible for people to take action at critical moments.
We inspire and empower British Columbians to safeguard the spectacular natural legacy of Howe Sound.
We envision a future in which Howe Sound’s (Átl’ka7tsem) thriving ecosystems support regenerative communities.
Our strategic priorities (2018 to 2023)
- Defend: Stop destructive projects that threaten the environmental integrity of Howe Sound.
- Protect: Develop a shared vision and plan to protect Howe Sound for future generations.
- Restore: Reduce human-caused threats to Howe Sound and support ecosystem restoration efforts.