Showing posts with label #gas. Show all posts
Showing posts with label #gas. Show all posts

Tuesday, February 18, 2020

British Columbia giving taxpayer gift of $5.35 billion gift to Gas company

The “right” fiscal framework amounts to a bouquet of government subsidies for B.C.’s largest carbon polluter, including tax reprieves, tax exemptions and cheaper electricity rates for some of the largest and most profitable multinationals in the world — the LNG Canada quintet of Royal Dutch Shell, Mitsubishi Corp., Malaysian-owned Petronas, PetroChina Co. and Korean Gas Corp. 
At a technical briefing for media, a B.C. senior government official pegged the province’s total financial incentives for the project at $5.35 billion.
https://thenarwhal.ca/lng-canada-project-called-a-tax-giveaway-as-b-c-approves-massive-subsidies/ 

Friday, February 14, 2020

Trolls still asking "who will pay for #freepublictransport?" while EU votes €24 billion for gas

Energy projects on the 4th PCI list are eligible to receive up to 50% of funding from the EU through the Connecting Europe Facility (CEF). Among the 151 projects included on the list, 55 new fossil gas projects have sparked the greatest backlash. 
"This decision could unleash €24 billion in finance for climate-wrecking pipelines and €1.7 billion for new LNG (liquified natural gas) terminals, which eclipses the €7.5 billion of new resources due to be raised to tackle the climate crisis through the EU's plans for a 'Green Deal,'" said Clemence Dubois, campaigner at climate group 350.org.