Category Archives: Energy

Energy

Insurer #17 cuts ties with Trans Mountain pipeline

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

Lloyd’s of London syndicate Aspen Insurance announced April 21 it will cut ties with Trans Mountain when its insurance policy expires this summer, making it the 17th company to do so.

In an email to Coal Action Network, a company spokesperson confirmed Aspen “(does) not plan to renew the Trans Mountain Tar Sands Oil Pipeline project” but wouldn’t comment on the decision “as a matter of corporate policy.”

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Energy, Indigenous Nations

Heiltsuk Nation’s clean energy conversion efforts ahead of curve in B.C.

National Observer, Local Journalism Initiative Reporter

A remote coastal First Nation has weaned a third of its homes off fossil fuels, making climate gains communities in the rest of B.C. can only aspire to.

To further its clean energy transition, Heiltsuk Nation has lined up another $5 million in funding to provide an additional 250 homes in Bella Bella with energy-efficient heat pumps over the next year. Once they are in, 90 per cent of the community’s households will have dramatically reduced their carbon footprint. 

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Energy

Federal rule on oil and gas projects ‘does not stand up to the facts’

By Cloe Logan, National Observer, Local Journalism Initiative Reporter

Last week, Environment and Climate Change Minister Steven Guilbeault announced the approval of the deepwater oil project Bay du Nord with 137 conditions, including a requirement the project achieves net-zero greenhouse gas emissions by 2050. 

That same day, Environment and Climate Change Canada (ECCC) announced the requirement would also apply to all future oil and gas developments. 

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Energy

B.C.’s largest fossil fuel subsidy cost the province over $1B last year

By Cloe Logan, National Observer, Local Journalism Initiative Reporter

A B.C. program that has been referred to as a “tax loophole for fracking operators” cost the province $1.162 billion in royalty revenues last year.

That’s according to a Stand.earth analysis of the province’s 2021-22 budget. Sven Biggs, the organization’s Canadian oil and gas program director, said the money lost through the Deep Well Royalty Credit program represents a broken promise from the provincial government.

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