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B.C. pension fund manager pouring billions of public workers’ retirement dollars into fossil fuels, report finds PDF Print E-mail
Earth News
Posted by Joan Russow   
Tuesday, 26 June 2018 08:46
B.C. pension fund manager pouring billions of public workers’ retirement dollars into fossil fuels, report finds
By JENNY PENGStarMetro Vancouver
https://www.thestar.com/vancouver/2018/06/25/bc-investment-management-corporation-still-betting-on-fossil-fuels.htmlMon., June 25, 2018
 
A new report outlines how many pension plans from B.C.’s public sector are invested in the fossil fuel industry through the B.C. Investment Management Corporation.
 
VANCOUVER—Policy analysts and researchers are calling out a large, but low-profile, pension fund manager for pooling billions of dollars worth of public workers’ retirement plans into the fossil fuel industry.
 
 
The findings come in a report by the Canadian Centre for Policy Alternatives and University of Victoria, which examines where British Columbian public servant pension funds are invested.
 
 
An examination of the B.C. Investment Management Corporation’s investment portfolio, the fourth largest such fund manager in Canada, found it invested $3 billion in the top 200 public fossil fuel companies.
 
The BCI oversees pensions funds for 500,000 people through 11 provincial government plans, including WorkSafe BC and the teachers’ pension plan.
 
Critics say investing in oil and gas hinders Canada’s ability to meet its Paris Agreement commitments signed in April 2016, which seeks to limit the rise in Earth’s average temperature to 2 C.
 
“You see the BCI calling themselves ‘responsible investors’ throughout much of their publications but we find that really, in the context of climate change, this is absolutely misinformation,” said Zoë Yunker, University of Victoria graduate and co-author of the report released Monday.
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Should BC Pull Out of Canada? PDF Print E-mail
Justice News
Posted by Dragonslayer   
Tuesday, 29 May 2018 21:12

If The Canadian Government Takes over Kinder Morgan and tries to pass legislation to force the pipeline iy will be in a legal conflict of interest by passing laws to benefit their own company.

 

Perhaps it is time for the people of BC to have a referendum about leaving Canada.   Maybe we should initiate talks with Washington, Oregon and Calafornia to form a new country separate from the US and Canada?   Indeed we have the resources and progressive politics to do so.

 

When politicians take your country far to the right and work to subvert peoples rights in order to push corporate agendas,  it is time for the people to take back their country.

Last Updated on Friday, 01 June 2018 11:04
 
Ta’ah Amy George, Grand Chief Stewart Phillip, Indigenous leaders and hundreds of others shut down work at Kinder Morgan terminal PDF Print E-mail
Justice News
Posted by Joan Russow   
Saturday, 07 April 2018 16:57

By  coast protectors info@coastprotectors.ca

 

April 7, 2018 (Burnaby Mountain, Burnaby BC)

 

A full-day blockade at Kinder Morgan’s Burnaby construction site today was led by Tsleil-Waututh Elder Ta'ah Amy George and the full executive of the Union of BC Indian Chiefs, which represents more than half the Nations, tribes and Bands in BC.

Grand Chief Stewart Phillip (Penticton Indian Band), Chief Bob Chamberlin (Kwikwasut’inuxw Haxwa’mis First Nation) and Chief Judy Wilson (Neskonlith First Nation in Secwepemc territory) were joined by hundreds of supporters in pouring rain, shutting down work at the facility for the day. 

A long rolling clap of thunder struck at the same moment as the drummers began  the gathering, prompting cheers from the large crowd of supporters. After hours of blocking both gates to the tanker farm and after it was clear that Kinder Morgan was finished work for the day, Grand Chief Stewart Phillip declared victory:

Last Updated on Saturday, 07 April 2018 17:06
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DEFENDING OUR OCEANS PDF Print E-mail
Earth News
Posted by Joan Russow   
Thursday, 05 April 2018 11:19

DEFENDING OUR OCEANS

 

By Murray Rankin, MP. Victoria

First published in Oak Bay News, April 4

Image result for images of the salish sea

http://www.orcanetwork.org/nathist/salishorcas1.html

 

Article continued

Spanning three oceans, Canada’s coastline is the longest in the world. Sadly, our oceans are increasingly threatened by rising temperatures, acidification and pollution. The impacts on humans, wildlife and the environment could be disastrous. 

 

The University of Victoria’s  Ocean NetworksCanada monitorsthe country’s coaststo gather real-time data for scientific research.  This research helps communities, governments and industries make informed, evidence-based decisions to promotebetter ocean management, disaster mitigation and environmental protection.

 

While we know that human activity has already caused significant changes in our oceans, important questions remain unanswered. How will marine ecosystems respond to increasing ocean acidification? How does the depletion of oxygen in coastal waters affect ecosystem services? What are the long-term effects of marine plastic pollution? These are of the questions Canadians need to address. Thankfully, organizations like ONC are working to answer them.

 

One concern right here at home is plastic pollution. A recent report by UVic's Environmental Law Centre revealed that there are over 3,000 particles of plastics per cubic metre of seawater in the Strait of Georgia.  It’s estimated that 90 percent of seabirds have plastic in their stomachs. Research like this has a big impact. In 2015, one of my NDP colleagues, Brian Masse, introduced a motion to ban harmful plastic microbeads in consumer products. I'm pleased to say that after years of effort that ban will go into effect on July 1 this year.

 

Plastic microbeads are just one of many pollutants that find their way into our oceans, but they're a good example of how scientific research and evidence-based decision making can yield progress.

 

Unfortunately, a larger threat is looming. Despite the risks and against public opposition, thePrime Ministeris still championing theKinder MorganTrans Mountain oil  pipeline and tanker project as being in the “national interest.” I fail to see how it can be in the national interest to retain the Harper government's emissions targets, refuse to adequately consider the project's upstream and downstream impacts, and dismiss the environmental and economic disaster that our coast would suffer in the wake of a major spill from a bitumen tanker.

Last Updated on Thursday, 05 April 2018 11:45
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B.C. recruits noted constitutional lawyer for court action over Trans Mountain expansion PDF Print E-mail
Justice News
Posted by Joan Russow   
Tuesday, 13 March 2018 06:45

 

http://www.cbc.ca/news/canada/british-columbia/trans-mountain-kinder-morgan-court-joseph-arvay-1.4573634

B.C. recruits noted constitutional lawyer for court action over Trans Mountain expansion

Joseph Arvay has made arguments in several headline-grabbing court cases

By Liam Britten, CBC News Posted: Mar 12, 2018 10:12 PM PT Last Updated: Mar 12, 2018 10:12 PM PT

Joseph Arvay will be developing a reference case on behalf of the B.C. government as to whether or not the province can restrict bitumen exports.

Joseph Arvay will be developing a reference case on behalf of the B.C. government as to whether or not the province can restrict bitumen exports. (Darryl Dyck/Canadian Press)

 
 
 
 
 
 
 

Related Stories

A high-profile constitutional lawyer will represent British Columbia in an upcoming court action over Kinder Morgan's Trans Mountain pipeline expansion.

The province announced Monday that Joseph Arvay has been appointed external counsel for B.C. in a reference case that could establish whether or not B.C. can restrict bitumen transported through the province.

A reference case is where the court is asked to weigh in on a particular legal matter, often when the constitution or division of powers between the federal and provincial governments is involved.

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