Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

March 7, 2021 | Metro Vancouver Council Rejects “Fossil Fuel Treaty” That Would Seek to End Thousands of B.C. Jobs

Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.

Mayors’ assembly debating the proposal pondered environmental, social and economic aspects before landing on its decision.

A carefully reasoned argument by Port Coquitlam Mayor Brad West led to the region-wide governance board rejecting a measure that is designed to eradicate entire sections of the economy in the name of helping the environment.

Metro’s leaders were not swayed by the fact that the measure was previously endorsed by the City of Vancouver, which is one of the district’s 23 local government members. Metro Vancouver has 2.5 million residents, or half of British Columbia’s total population.

Mayor West acknowledged the high level of interest in environmental issues that all elected officials today share. He also pointed to the reality that British Columbia’s economy is heavily reliant on industries such as mining, steelmaking coal and natural gas that would be endangered if the intention of the measure was implemented.

Metro Vancouver is a significant resource community for numerous reasons including that it supplies goods and services to the rural places where mining and energy activities occur. Technical and science professions abound in the region, as do many of the financial, legal and administrative support personnel the industries require.

Metro Vancouver supplies a lot of the manufactured goods required for mining and energy operations. All of these activities also contribute revenues that pay for public services. They also add export value to the Canadian economy which, in turn, enables Canadians to be able to import the things they need but don’t make themselves.

Said West: “It’s really easy to say there’s going to be a ‘just transition’ and we’re going to move workers into different industries when you’re not the one losing your job.”

He also pointed to the irony that the measure would end the production of British Columbia metallurgical coal required to manufacture lower-carbon infrastructure such as wind turbines.

Here is what Vancouver councillor Adriane Carr of the Green Party, who promoted the measure, had to say:

The idea that export-producing jobs can simply be “switched over” to occupations that offer little in the way of trade benefits, and that this will have no economic consequences, may be alluring. But with no roadmap for it, Mayor West called for more information before such a proposal could be examined in earnest. Removing high-quality Canadian steelmaking coal is almost certain to create unintended consequences as steel producers simply burn more coal of lower grades.

One stumbling block is that British Columbia natural gas and LNG provide global markets with a prized fuel enabling emissions reduction. Taking it off the market would accelerate climate change through higher global emissions.

The mayors of Burnaby, Richmond, Langley Township and North Vancouver City joined West in articulating their thinking about the matter.

Malcolm Brodie, Richmond

Mayor Linda Buchanan, North Vancouver

Mayor Jack Froese, Langley

Mayor Mike Hurley, Burnaby

As is often the case, much of the discussion revolved around whether it is better to promote aspirational but impractical or even divisive policy ideas, or focus on taking practical and meaningful action that does affect the climate problem.

After a lively discussion, Carr’s idea was outvoted by a majority of Metro representatives.

This may be the cue for renewed educational efforts to ensure that representatives such as Councillor Carr have an opportunity to understand why the appeal of “extreme aspirationalism” has to be weighed against the legitimate concerns of region-wide residents and their elected representatives.

Background

The Metro Vancouver motion was brought forward for the regional’s body’s endorsement by the City of Vancouver. Last year, that city partnered with a pressure group that opposes B.C. natural resource jobs generally to adopt the motion in the name of Vancouver residents. That made the City of Vancouver one of only two local governments anywhere in the world to adopt the treaty. The other is located in Britain.

Those lobbying for the treaty list an Indiana phone number, a state that as of May 2020 drew 89 per cent of its electricity from fossil fuels. Despite the City of Vancouver council’s enthusiasm for the idea, no cities in Indiana or anywhere else in the United States have adopted the treaty. Given that more than 95 per cent of British Columbia’s power is from renewable sources, some may wonder why it did not occur to the campaigners to start their efforts closer to home where they might actually make a difference.

Among other actions, they call for signers to send letters urging the Canadian and B.C. governments “to support the global initiative for a Fossil Fuel Non-Proliferation Treaty.”

Watch the full Metro Vancouver Regional District governing board discussion at this link starting at the 42:50 mark. The text of the motion is here.

 

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

March 7th, 2021

Posted In: Resource Works

One Comment

  • John Chittick says:

    Local government politicians spend far too much time and effort on issues beyond their jurisdiction and supposed areas of expertise. Provincial, federal and global governance are areas where ENGOs continually bombard local politicians with activist propaganda enticing their inner totalitarian instincts to emerge to “save the planet” while virtue signaling to the masses whereas most likely have difficulty in understanding how their local sewage treatment systems operate. I was a multi-term municipal Councilor more than 20 years ago and I see that nothing has changed in that time. It’s also good to see that economic common sense still exists in the smaller communities to keep Vancouver and Victoria somewhat constrained.

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.