It Makes Perfect Sense

While many bemoan the fate of the Teck Resources Frontier tarsands project as yet another example of restrictive regulatory measures, others, as the following letter from the print edition of the Toronto Star suggests, say its death makes perfect corporate sense.

Free market now realizes carbon reserves best left alone

Re Regulatory process blamed for oilsands mine’s end, Feb. 28

Canadians who haven’t followed B.C. Premier John Horgan, Alberta Premier Jason Kenney and Prime Minister Justin Trudeau down the rabbit hole understand that the collapse of the Teck Frontier proposal is a positive indication that the “free market” is functioning as it should.

Corporations, investors and shareholders are belatedly coming to realize that it is in everyone’s best interest that most of the world’s carbon reserves — include Alberta’s oilsands — be left in the ground.

Only in Wonderland would politicians employ massive taxpayer subsidies to subvert the marketplace and promote uneconomical, climate-destroying fossil-fuel projects; $16 billion to buy and build the Trans Mountain pipelines, plus $6 billion to construct Coastal GasLink.

The truth is, pipelines don’t end at a terminal. Every pipeline is a conduit to the sky, ultimately dumping its carbon into a dangerously overheated atmosphere.

Only by changing the ways that we produce and consume energy can we hope to avert climate catastrophe.

Mike Ward, Duncan, B.C.

Vox Populi

While many will be fixated on the latest soap-opera installments that politics now regularly yields, such as the outrageous behaviour of Trump at the G6+1, or the strange elevation to power of Doug Ford in Ontario, others are not so easily diverted, as these letter-writers demonstrate:

As an atmospheric physicist and an active climate-change researcher, I find the conduct of the Justin Trudeau government in this regard disgusting and appalling. If we are looking for a visionary leader who would lead us from a fossil-fuel-based (and environmentally destructive) economy to a sustainable and clean low-carbon economy in Canada, then Trudeau is not that person.

When Trudeau was elected, there was a sense of hope in doing our part as a nation to really start reducing greenhouse gas emissions. I have followed the United Nations’ COP meetings with a great deal of interest, and Canada promised achievable objectives in the Paris Agreement. These objectives do not seem achievable now.

Kaz Higuchi, environmental studies professor, York University, Toronto

I find it appalling that the government is using taxpayers’ money to benefit a corporation. This makes me realize how influential the corporations really are and how insignificant are the voices of Indigenous people and the thousands of others opposing this pipeline.

How can the government turn a blind eye to the harmful effects this pipeline may pose? Oil spills are an inevitable consequence.

I wish there were some mechanism to determine how I want my taxes used. I am definitely not paying them so a corporation can build an oil pipeline to endanger the environment of a province with some of the most beautiful coastlines in the country.

Sneha Singh, Mississauga

Pierre Berton’s The Last Spike captured a moment when the Canadian government was in the railroad- building business. Now, Ottawa has entered its pipeline era. Will, at some point, Berton’s book get a sequel, perhaps The Last Spill?

Ken Luckhardt, Etobicoke

Note To Justin

Because it is 2018, instead of buying leaky pipelines on the taxpayer's dime, maybe you should enter the modern era and emulate China:

His Hypocrisy Is Breathtaking

Perhaps he is counting on a fawning international press and a somnolent Canadian public. Perhaps he is counting on those who put partisan loyalties above all else. Or maybe he thinks his dazzling smile will continue to beguile. It may be any or all of these that are leading the Prime Minister to believe that his arrant hypocrisy on climate change will go unnoticed. Whatever it is, one thing is undeniable: Justin Trudeau has absolutely no shame.

As reported by The Globe and Mail (article not available online unless you subscribe or have access to the digital replica through your public library), Canada's leader plans to tell the rest of the G7 at the upcoming summit to step up their game on climate-change mitigation:

The G7 leaders are being urged to accelerate action on climate change, given that current commitments under the Paris accord are insufficient to meet the goal of limiting the increase in average global temperatures to less than 2-degrees Celsius.

However, Mr. Trudeau’s climate leadership credentials are under attack after last week’s pipeline deal, which aims to bolster the fortunes of the emissionsintensive oil sands sector.

Canadian environmentalists argue the Liberal government’s support for the Trans Mountain pipeline and growth in the oil sands is inconsistent with its international commitments on climate change.

Yanick Touchette, a policy adviser with the International Institute for Sustainable Development co-authored a report assessing the level of subsidies given by G7 governments to the fossil fuel industry. Although it was written before before the Trudeau-Morneau acquisition of the Kinder Morgan pipeline, the ugly truth is that the

Canadian government support for the oil and gas industry is the highest in the G7, when measured by size of the economy...

“It’s all the more reason to provide more transparency regarding the overall picture of support to the oil and gas industry … and come up with a plan how Canada plans to meet its commitments to remove inefficient [fossil-fuel] subsidies.”

Not of this is escaping the notice of some very influential forces:

A group of international investors – including some prominent Canadian institutions – are calling on the G7 leaders to increase their efforts – “with utmost urgency” – to reduce carbon emissions and encourage investment in low-carbon energy sources in order to meet Paris targets.

Ceres, an American non-profit that contributed to crafting the statement on behalf of institutional investors, is led by Mindy Lubber:

Ms. Lubber suggested that Mr. Trudeau’s support for the oil sands pipeline is misguided both financially and from an environmental perspective.

...she argued the government-backed pipeline could become a money-losing venture in the long term as the world moves to reduce its use of fossil fuels.

“We are convinced that more money put into the oil sands, in the tens of billions of dollars, are very likely to become stranded assets,” she said in an interview.

All the signs are pointing in a direction opposite to what Mr. Trudeau's braintrust has told him is a viable path forward. Like Icarus flying too close to the sun, this decision, and the one who made it, appear headed for disaster.