Proof That a Price on Carbon Works
- Thread starter mentalfloss
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According to you that's a right wing think thank, whose views are irrelevant.
Don't you hate it when that happens, lol.
Christy Clark is surviving off the ActionPlan and taking loans to set up a carbon economy that she is 3 years behind in.
Really? At the same time Clark dove into LNG so did Louisiana. Guess who opened their LNG port this week?
Shell and Petronas will be looking elsewhere. The cost of building hydro damns to run LNG plants that are overtaxed if they are run on NG ain't gonna happen.
But Christy is giving Petronas huge concessions. The govt already passed a bill the will force BC to pay for any carbon credits that Petronas needs if future govts should change pricing.
After that meeting Clark came back and basically stated "oh f-ck, what the f-ck did I do that for?" and panic set in.
Nope. All those extra tankers arriving on Canada's east coast have pretty much nullified the reductions. Once again, all that's been done is the burden was shifted elsewhere.
http://www.bcbc.com/bcbc-blog/2015/plunging-oil-price-good-for-the-bc-economy-in-2015.
For BC, the near-term economic effect of tumbling oil prices is much clearer – this is a positive macro-economic development that will help lift BC’s economy in 2015. We do produce a small amount of oil in BC, but the volumes are insignificant and there is little direct impact in terms of government revenues or scaled back capital investment. On the other hand, there are numerous channels through which benefits will come.
The most significant is for consumers. According to Statistics Canada’s Household Expenditure Survey, in recent years the average household in BC spent between $2,100 and $2,300 on gasoline. In 2013 and much of 2014 gas prices in the Metro Vancouver averaged $1.40 per litre. In mid-2014 gas prices peaked around $1.50. Today, gas at the pump is selling for barely $1 per litre, which translates into a 25% to 30% reduction in fuel costs for vehicle owners. If gas prices average $1.04 for 2015, a typical household in BC could save $550 on its annual fuel bill. With 1.8 million households in the province, lower gas prices could translate into economy-wide savings for consumers of more than $1 billion. Some of this may be saved, but most of it will be spent on other goods and services, boosting activity in the retail, hospitality and other consumer service sectors.
For BC, the near-term economic effect of tumbling oil prices is much clearer – this is a positive macro-economic development that will help lift BC’s economy in 2015. We do produce a small amount of oil in BC, but the volumes are insignificant and there is little direct impact in terms of government revenues or scaled back capital investment. On the other hand, there are numerous channels through which benefits will come.
The most significant is for consumers. According to Statistics Canada’s Household Expenditure Survey, in recent years the average household in BC spent between $2,100 and $2,300 on gasoline. In 2013 and much of 2014 gas prices in the Metro Vancouver averaged $1.40 per litre. In mid-2014 gas prices peaked around $1.50. Today, gas at the pump is selling for barely $1 per litre, which translates into a 25% to 30% reduction in fuel costs for vehicle owners. If gas prices average $1.04 for 2015, a typical household in BC could save $550 on its annual fuel bill. With 1.8 million households in the province, lower gas prices could translate into economy-wide savings for consumers of more than $1 billion. Some of this may be saved, but most of it will be spent on other goods and services, boosting activity in the retail, hospitality and other consumer service sectors.
Yep.
How is that working out when it comes to the fact that oceanic shipping creates more GHG than all the worlds land based transportation combined?
Obama is funding ships being converted to NG. What a great scam, scare idiots and take their money.