Stephen Rees's blog

Thoughts about the relationships between transport and the urban area it serves

BC Budget 2018

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You can read the whole thing on the BC Gov website or Justin McElroy on the CBC ‘s summary. Basically a commitment to increase necessary spending in the right areas which is being funded by increases in taxes on the corporations and the wealthy. So I am generally in favour.

But what is missing is a much needed correction of former BC Liberal policies which saw a giveaway of our natural resources. Once upon a time oil and gas revenues from leases and royalties made a significant contribution to our provincial budget. That is no longer the case, and ought to have been corrected by the new NDP (+ Green) government.

Two reasons leap out. Horgan retains Christy’s silly obsession with LNG, as well as Site C (which will increase GHG emissions) and, quite possibly, given the federal Liberals commitment the potential TMX pipeline expansion too. Our emissions are not going down even though it is quite clear from the state of the Arctic ice alone that this is a problem we are not tackling. Melting permafrost, with consequent releases of methane and mercury, are immediate threats, not something in the future.

But secondly the whole budget rests on a somewhat hopeful outcome of the ICBC debacle. I think the idea that somehow economic growth and a reasonable approach from personal injury lawyers is going to be enough is overly optimistic. We are going to need the revenues from oil and gas royalties and leases sooner rather than later.

But also, the whole fight with Alberta over the pipeline starts to look a bit different  when you consider how much diluting bitumen for pumping down the pipe depends on BC natural gas and its condensate. (For that thought I acknowledge the twitter feed of Eric Doherty.) The entire project is based on a falsehood, that there will be a market in Asia for dilbit at a higher price than the US refiners are currently willing to pay. It becomes less attractive to the US market (where nearly all of the exports go now) if the BC fuels it depends on have to pay some fairer share of the costs on our local environment and the fact that the resource is not renewable. There is a real reason to fear the loss of jobs at the Burnaby refinery if TMX is all about exports. We need to make sure that we are getting money for value. That isn’t case at the giveaway prices set by Clark.

AFTERTHOUGHT

Yeah, well there was something else that wasn’t in the budget. It would have been really welcome if the NDP had reversed some of Christy Clark cuts to the Public Service Pension. Of course, when these were announced they came with the message “these changes protect your pension” but what they actually meant was that the government was going to stop picking up the tab for some essential health services – so the pension paid out now has to pay for the things that are no longer covered. First up was MSP, of course, but at least that will be going if not immediately. Then there was extended health care, where coverage is now distinctly chintzy. A couple of fillings today cost me $200. And I will need either a denture (over $2,000 – some coverage) or an implant (near $7,000  – no coverage at all) soon. More of that would have been covered under the old plan.

And of course many Canadians have no dental coverage at all.


“As announced in September, starting on April 1 the carbon tax will rise by $5 per tonne of carbon dioxide equivalent emissions. It will be the first of four annual increases and will bring the price on carbon to $50 per tonne of emissions in 2021.”

source: The Tyee

Written by Stephen Rees

February 21, 2018 at 3:58 pm

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