BC Liberal`s Site C Power and BC Hydro Power Scam Exposed(Free Electricity For LNG Companies)

 Written by Grant G

British Columbia taxpayers are about to be ripped off for $billions of dollars


Vaughn Palmer has joined the Linda Blair club of serial spinning...Vaughn Palmer adds nothing to the REAL story but hyperbole and spin, a not very well thought out column...

Vaughn Palmer in his November 4th column claims that LNG Canada will run 20% of their plant operations with BC Hydro electricity, thus LNG Canada can claim to be the world`s cleanest LNG...But what Vaughn Palmer omitted from his spinfest is....

If one reads the BC Liberal ghreenhouse gas bill, the bill rammed through last week...

If LNG Plants achieve 0.16 tonnes of GHG emissions for every tonne of gas liquefied the BC Government WILL PAY THE LNG COMPANY CASH INCENTIVES...

IN OTHER WORDS, THE MONEY THESE LNG PLANTS(LNG CANADA) WILL PAY FOR HYDRO ELECTRIC ENERGY THE BC GOVERNMENT WILL PAY THE COMPANY THE MONEY BACK......

 http://www.leg.bc.ca/40th3rd/1st_read/gov02-1.htm


 Vaughn Palmer`s article linked below...


 http://www.vancouversun.com/opinion/columnists/Vaughn+Palmer+Liberals+power+piece+puzzle/10353697/story.html


Here`show the shell game is going to work......

The BC Government in their greenhouse gas bill for the LNG industry is offering cash incentives to companies that fall into this category...

If an LNG plant has greenhouse gas emissions at the level of 0.16 tonnes or lower of emissions for every tonne liquefied they are entitled to cash payments/incentives from the BC Government, also known as the taxpayer..

This is a flimflam scam folks....Yes Shell Canada has agreed to pay money for BC Hydro electricity, however, ....Even though LNG Canada(Shell) will still pollute nearly 3 million tonnes of GHG`s per year, and that`s not counting another 6 million tonnes of GHG`s from upstream activities(per LNG Plant) these LNG companies will receive cash incentives from you, the taxpayer....This money will in turn pay the bill for the BC Hydro electricity!..An accounting scam indeed..

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The new law establishes a benchmark for allowable GHG emissions from LNG facilities that is lower than any other LNG facility in the world – an “intensity level” of 0.16 carbon dioxide equivalent tonnes for each tonne of LNG produced.

To avoid scaring off potential investors, the minister said companies will have “flexible options” to meet the benchmark, including the ability to purchase offsets or contribute to a fund that is supposed to drive innovation in cleaner technology. Facilities that perform below the benchmark will be eligible for performance credits that can be sold to other facilities.

“This is the most effective way to meet the province’s climate goals,” Ms. Polak told reporters.
The government is also offering an incentive program to help potential LNG facilities achieve the benchmark, after prospective LNG companies complained the benchmark was an impediment to investment.

 Ms. Polak could not say how much the government expects to pay toward industry incentives.

 http://www.theglobeandmail.com/news/british-columbia/bc-promises-world-leading-emissions-targets-for-lng-industry-with-new-law/article21178932/

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“This is kind of Wild West legislation,” said Green MLA Andrew Weaver. “It’s absolutely the laughingstock.”

Weaver noted that LNG companies will also be eligible to receive government “incentive payments” for keeping emissions low.

“It’s not a polluter-pay model, it’s a taxpayer-pay model,” he said.

Spencer Chandra Herbert, the NDP environment critic, said the government is letting foreign LNG corporations like Malaysia’s Petronas off easy.

“What it looks like to us is Petronas and the other proponents are writing the legislation that the government is putting forward, with huge loopholes that you can drive greenhouse gases through.”

 http://www.theprovince.com/technology/Smyth+Offsets+industry+criticism+from+environmentalists/10308982/story.html

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For Christ sakes people....Vaughn Palmer and Keith Baldrey are pathetic...They should know this is a scam....Shell Canada(LNG Canada) will pay money for hydro electric power and the BC Liberal government will pay the companies back the money in the form of cash incentives, pollution will still be in the millions of tonnes per year...This is an accounting scam, a flim-flam scam...

Let me put it another way....We the people are paying run of river operators over $100 per mega watt hour for their power...BC Hydro is losing $100s of million per year on this power...Site C dam will cost $12 billion dollars to build...

This power will be given to the LNG plants for a price, this will result in these plants polluting at the 0.16 per tonne level or a smidgeon lower, the BC Government will then pay the money back to the LNG companies as cash incentives...A total accounting scam...

In other words you the taxpayer will have to pay the price for Site C, all to facilitate this BC Liberal scam...Free taxpayer funded power...At least $20 billion after interest charges.....

And Vaughn Palmer fell for it hook, line and sinker......or did he..?

The Straight Goods

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