Discussion:
funny thing: bc lng "would collapse" without tax subsidy via bc hydro
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M***@kymhorsell.com
2018-11-08 19:45:03 UTC
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When LNG plants get a special deal on Hydro rates, who pays ...

Dec 20, 2016 - In the face of steeply rising BC Hydro rates, many low-income
people have ... less than the annual subsidy just extended to Woodfibre LNG.

-- https://www.policynote.ca/when-lng-plants-get-a-special-deal-on-hydro-rates-who-pays/


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Unum
2018-11-08 21:42:14 UTC
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Post by M***@kymhorsell.com
When LNG plants get a special deal on Hydro rates, who pays ...
Dec 20, 2016 - In the face of steeply rising BC Hydro rates, many low-income
people have ... less than the annual subsidy just extended to Woodfibre LNG.
-- https://www.policynote.ca/when-lng-plants-get-a-special-deal-on-hydro-rates-who-pays/
Oh dear, Big Fossil now needs subsidies from renewable energy.

the government and BC Hydro announced that in order to entice a final
investment decision from Woodfibre LNG, a reduced electricity rate – called
the “eDrive rate” – would be provided to LNG proponents that use BC Hydro
electricity to power their liquefaction.

This creates a significant subsidy for these businesses – estimated at $34
million per year for the Woodfibre plant, and up to $860 million over the life
of the facility. And if other larger LNG plants move forward, the cost of this
subsidized LNG Hydro rate will be even greater. Notably, this special discount
has been exempt from review by the BC Utilities Commission.
R Kym Horsell
2018-11-08 22:07:08 UTC
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Post by Unum
Post by M***@kymhorsell.com
When LNG plants get a special deal on Hydro rates, who pays ...
Dec 20, 2016 - In the face of steeply rising BC Hydro rates, many low-income
pople(sic) have ... less than the annual subsidy just extended to Woodfibre LNG.
-- https://www.policynote.ca/when-lng-plants-get-a-special-deal-on-hydro-rates-who-pays/
Oh dear, Big Fossil now needs subsidies from renewable energy.
the government and BC Hydro announced that in order to entice a final
investment decision from Woodfibre LNG, a reduced electricity rate - called
the "eDrive rate" - would be provided to LNG proponents that use BC Hydro
electricity to power their liquefaction.
This creates a significant subsidy for these businesses - estimated at $34
million per year for the Woodfibre plant, and up to $860 million over the life
of the facility. And if other larger LNG plants move forward, the cost of this
subsidized LNG Hydro rate will be even greater. Notably, this special discount
has been exempt from review by the BC Utilities Commission.
Q: Wa kinna discount is immune from oversight?
A: Da *best* kinda discount.
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