B.C. director Kris Sims and Alberta director Marco Terrazzano of the Canadian Taxpayers Federation unveil their travelling display showing the loss of revenue due to discount on Canadian crude oil. (Tom Fletcher/Black Press)

Taxpayer group’s tour highlights lost oil revenues for B.C., Alberta

Trans Mountain, new environmental assessment targeted

As Prime Minister Justin Trudeau prepares to approve the much-delayed Trans Mountain pipeline expansion this month, the Canadian Taxpayers Federation has launched a cross-Canada tour to highlight the cost of Alberta’s land-locked crude oil.

CTF Alberta director Franco Terrazzano and B.C. director Kris Sims unveiled their lost revenue counter at the B.C. legislature Monday, as it ticked past $6.4 billion, based on the price gap between Alberta oil and prices on the international market.

Using calculations done by the Parliamentary Budget Officer last fall, the running display shows $6.2 billion lost due to discounts on Canadian oil compared to prices paid internationally. The display is set to rise by $3.7 million per day.

“When the B.C. government blocks pipelines, the only people who benefit are oil exporters in Russia and Saudi Arabia,” Sims said.

Terrazzano said Trans Mountain is just the latest project stalled by B.C.’s slow and unpredictable resource industry approval process. Northern Gateway to Kitimat and Energy East, a gas-to-oil conversion to allow Alberta oil to compete with Saudi and African imports to eastern Canada, were also victims of the current process, he said.

RELATED: NEB recommends Trans Mountain for a second time

RELATED: Indigenous bidders to buy pipeline await approval

B.C. Premier John Horgan has stuck to his 2017 election promise to use every legal tool available to stop the expansion. After the province’s reference case claiming jurisdiction over what the Trans Mountain pipeline can carry was rejected by a five-judge panel at the B.C. Court of Appeal, Horgan said the case will carry on to the Supreme Court of Canada.

The federal cabinet is due to decide on approval of the expansion project June 18. Having taken over the 65-year-old oil and refined fuels pipeline and the expansion project last year at a cost of $4.5 billion to taxpayers, Trudeau has little choice but to green-light the work. He and his senior ministers have guaranteed the expansion, and they face an election this fall.

The Trudeau cabinet first approved Trans Mountain in 2016, with 157 conditions imposed by the National Energy Board. In August 2018, the Federal Court of Appeals ordered a new regulatory review to improve Indigenous consultation and look at shipping effects on marine life from the increase in oil tanker traffic.

The NEB recommended approval again in February, with the extra study ordered by the court.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Aftershock soccer tournament takes over Port Hardy fields

Around the clock matches were played in divisions ranging from tots to U18.

Eke Me-Xi Learning Centre’s 2018-2019 graduating class

The Eke Me-Xi Learning Centre is located on the Tsulquate reserve in the North Island.

Skin deep: A look inside the ink behind Beacon Tattoo

Patrick Berube, owner of Beacon Tattoo, spends most of his Tuesdays at… Continue reading

Second recreational cannabis shop opens its doors in Port Hardy

Pacificanna owner Darren Saunders was excited to finally see his family-run business open up shop.

Bradshaw’s Photo Highlight: A lone crow landing beside an eagle

“I saw an eagle just sitting there, but I had a feeling it wouldn’t be there long as I got closer”

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

B.C. Ferries vessel breaks down right before long weekend

Horseshoe Bay-Langdale route impacted most, revised schedule adds 4 a.m. sailings

Every situation is different, jurors hear at coroners inquest into Oak Bay teen’s overdose death

Pediatrician says involuntary treatment necessary following overdose, opioid use

Fraser Institute releases latest B.C. high school rankings

Fastest improving schools are in cities including Agassiz, Kitimat and 100 Mile House

Nanaimo man gets jail time for posting explicit photos of ex-girlfriends

Man’s name cannot be revealed to protect victims’ identities

North Island thrift store robbed at knifepoint, say RCMP

Suspect fled on bicycle following Tuesday stick-up

RCMP across Canada to soon unionize, according to B.C. mayor

A spokeswoman for RCMP headquarters in Ottawa says it’s not yet a done deal

Explicit sex-ed guide for adults mistakenly given to Creston elementary students

The booklet clearly states online and inside that the guide contains sexually explicit information

Most Read