So what does a sustainable economy really look like, and how do we get there? Climate change essentially means a huge mitigation effort on greenhouse gases culminating in something close to zero emissions by mid-century at the latest. This means phasing out fossil fuels entirely; or minimally, if it comes out of the ground emissions have to end up back […]
Read moreThe BC government recently announced a new climate action of some consequence: the phasing out of the Burrard Thermal plant in Metro Vancouver. The unit was used largely for back-up purposes, producing electricity for BC Hydro to supplement hydropower during times of high demand. But at a large GHG cost per unit of energy — about 351 kilotonnes of CO2 […]
Read moreLast week, the City of Vancouver’s task force, the Greenest City Action Team, issued a plan for the city with short and longer-term goals and policy advice on achieving them. The report covers more than climate change, a good thing as it is important to identify win-wins that lead to improvement on other environmental, health and social objectives as we […]
Read moreThe province-wide revolt over BC’s looming Harmonized Sales Tax is reminiscent of protests a generation ago when the HST’s federal parent, the Goods and Services Tax, was born. The rationale for that shift was similar to that of the HST: to switch from an invisible tax paid by producers (the Manufacturers’ Sales Tax) that was passed on to consumers to […]
Read moreThe September BC Budget is a new look at a budget most have come to see as a fake. February’s budget was not passed through the legislature due to the May election, and up to E-Day the government maintained the fiction that it had a small-ish deficit of just under half a billion dollars. Since that time, the government has […]
Read moreIn its first major economic policy announcement, the freshly re-elected BC Liberal government announced that it would be harmonizing the 7% Provincial Sales Tax (PST) with the 5% federal GST, as of July 1, 2010. What is striking about the new Harmonized Sales Tax (HST) of 12% is that it did not feature in the recent BC election in any […]
Read moreIt’s the leading article in the BC section of national newspapers today: BC’s Finance Minister has finally admitted that next year’s budget deficit would be much larger than the $495 million number than our Premier swore by during the recent election campaign. Private sector economists have been saying it for a while and it was about time for the government […]
Read moreThe BC Public Accounts for 2008/09 fiscal year were released yesterday, showing that the province posted a surplus of $78 million or $28 million higher than projected in the 2008 Budget. Oh, phew, now we don’t have to worry about cabinet ministers facing the fines associated with a budget deficit under the Liberals’ balanced budget legislation (which was amended earlier […]
Read moreThe biggest loophole in cap-and-trade systems, and greenhouse gas emission reductions more generally, is offsets. These are payments by those who produce GHG emissions for projects that reduce emissions somewhere else, so as to neutralize the originating emissions. Offsets have been criticized for not being easily validated – for example, by virtue of investments made in other countries, where outcomes […]
Read moreThree-peat. Hat trick. The media is full of jubilation for the re-election of the Campbell Liberals. But looking at the numbers, it was actually quite close: the BC Liberals got 45.7% of the popular vote, compared to 42.2% for the NDP. This slim margin validates the Angus Reid polling camp, which came closest on estimating the popular vote, compared to […]
Read moreI signed the following open letter published in the Globe on the weekend. I cannot take any credit for organizing or writing the letter (hat tip to Ian Bruce of the David Suzuki Foundation). On the other hand, I can say that I have co-published with David Suzuki! It’s time to put the planet before politics May 9, 2009 In […]
Read moreWe all know about Alberta, but BC’s green image is increasingly, um, tarred by the expansion of the oil and gas industry, with tens of billions of dollars in new investment in the past eight years. And according to some, the best is yet to come. In today’s Vancouver Sun, David Collyer of the Canadian Association of Petroleum Producers makes […]
Read moreBut you wouldn’t know it if you listened to the message that the BC Liberals have been sending in this provincial election campaign. Instead of discussing the merits of his party’s proposed economic recovery policy, the incumbent Premier prefers to tell British Columbians that responsible economic stewardship involves keeping the business sector happy and anything that goes against the interests […]
Read moreWith my oped last week on the NDP platform making me less than popular over at NDP HQ, today the Sun published my take on the Liberals’ platform, thereby guaranteeing that the list of Christmas parties I get invited to dwindles to next to nothing. BC’s Economic Challenges and the Liberal Platform By Marc Lee The BC Liberal platform features […]
Read moreBC’s recession started in 2008. That is the upshot of today’s release of Statistics Canada’s Provincial Economic Accounts, which provides the first estimates of BC’s GDP for 2008. Unlike national data, which are provided quarterly and on a timely basis, we have to wait about four months to tally the various provincial beans. These numbers will inevitably be revised in […]
Read moreBack in the 2005 BC election, a proportional representation system, known as Single Transferable Vote, or STV, was put to the people. It was recommended as an alternative to the current First-Past-the-Post system that has delivered some unusual and uneven results in BC and other parts of Canada over the years. STV captured a majority of votes – a larger […]
Read moreBelow is an oped of mine that was done at the request of the Vancouver Sun and that ran in today’s paper. Unfortunately, for reasons that are not entirely clear, the last two paragraphs were cut off, leaving the oped hanging. I put them back in below, and have requested that the online version be changed. UPDATE: The online version […]
Read moreOne of the most striking contradictions in BC’s climate action plan is the oil and gas industry. Greg Amos in The Hook, quotes our “green” premier out on the campaign trail in the northeast: “Let me tell you what’s happened in the energy industry in British Columbia in the last eight years: thirteen billion dollars of investment,†Campbell told a […]
Read moreWith the BC election campaign now officially on, the carbon tax debate is back. Since the fall’s federal election, when the Prime Minister dropped in to beat up the carbon tax to solidify his support in BC, the carbon tax has dropped off the public radar, replaced by stories about the economic and financial crisis. Gas prices have also dropped […]
Read moreJust in time for a heated election campaign, the latest unemployment numbers paint a grim picture for BC. Just a year ago, BC was coasting along with an unemployment rate of just over 4%. By the end of 2008 that had crept up to 5%. And now a truly brutal first quarter that saw the rate leap to 7.4% in […]
Read moreI’ve been thinking a lot about energy efficiency in buildings lately (in the BC context, anyway). About 11% of BC’s greenhouse gas emissions are attributed to residential and commercial buildings, so obviously efficiency has to come under the microscope as part of any GHG mitigation plan. Part of my reticence to look at this topic before is that there are […]
Read moreWhile BC has not formally abandoned the P3 model, there is a notable absence of new P3 announcements at a time when billions of dollars are being channeled to infrastructure spending. If P3s really provided value for money and brought the benefits of private sector efficiency and innovation to the delivery of public-sector infrastructure, then why aren’t we seeing more […]
Read moreNo, the West is not Alberta as everyone in Ontario seems to think (I’m from Toronto so I can say that). I mean BC, where an election is on in two months. You would not really know it walking around Vancouver, probably because the writ has not yet dropped, so we are in the calm before the storm. I’ve been […]
Read moreI am a big fan of stimulus packages for our ailing economy. But my pitch has been that we need to use the occasion to retrofit our economy to be on a more sustainable footing. So it matters a great deal on what we spend those stimulus dollars. If we launch projects that take us even further away from a […]
Read moreIt is one of those publications that few media outlets will report on, and even fewer British Columbians will read, but BC Stats just released the latest version of its Local Area Economic Dependencies, updated based on 2006 census data. This publication basically asks where the income in various BC communities comes from. In many communities the resource sector is […]
Read moreYesterday the CCPA released a new study on family income inequality in BC by yours truly, which reveals some disturbing statistics about family incomes over the past 30 years. The figure below summarizes our main findings. Among our other key findings: The gap between the wealthiest and the majority of BC families has grown dramatically over the past 30 years. […]
Read moreBC’s recession and election together mean things are going to get nasty in the political realm. Already we seeing plenty of sneering commentary from our esteemed cabinet ministers. Consider this jibe from Colin Hansen, the Minister of Finance, in his annual address to the brethren of Sigma Chi: “I want you to think about one thing. Think about the opening […]
Read moreA year ago, in the 2008 BC Budget, a new tax was born. There was a hush over the House as its mother, the Finance Minister, prepared for delivery. The proud papa, the Premier, stood glowingly beside the new mom Carole and her baby tax, and basked in the glow of praise from climate scientists, environmentalists and policy wonks from […]
Read moreFaced with a nasty recession at its doorstep, the BC budget is uninspiring and underwhelming in its ambition. Overall there is little that actively plans for a recession, preferring instead a steady-as-she-goes budget, perhaps aimed at cultivating the image of responsible economic managers in a time of crisis. There are no tax cuts or drastic spending cuts, thankfully, but nor […]
Read moreIn today’s Vancouver Sun, Neils Veldhuis and Milagros Palacios act as yang to my yin on the oped page. Their pre-budget oped seems strangely distant from the day-to-day reality of a recession that is unfolding in BC and elsewhere. Their response could have been written two or five years ago: the solution is to cut taxes and spending, and all […]
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