Here's what we know about fracking: it poisons our watersheds (during a drought, no less) and disrupts vital ecosystems. The global price for LNG is dropping like a lead balloon. So why is BC Premier Christy Clark selling out our future to a foreign gas corporation while getting nothing in return?
The Premier has been practicing her no-show lately: a no-show when Mount Polley's tailings pond disaster last year, a no-show when a tanker leaked oil all over Vancouver's Burrard Inlet this spring, and a no-show right now while forest fires burn up a drought-ravaged province.
Clark has been a no-show on everything except LNG. She has scheduled a special legislative session to close a hydraulic fracking deal with Petronas that gives everything the Malaysian mega-corp wants, asks for nothing in return and guarantees no future government can change the disastrous terms for 23 years.
Premier Clark, if you bet the farm on LNG, we'll all lose. Cancel this nightmare deal now.
It's impossible to exaggerate how terrible this contract is. Under pressure from Petronas and plummeting market demand, the BC Liberals agreed to a rock-bottom royalty rate of 3.5% -- when the province already has one of the lowest tax programs for natural gas in the world.
And not only is the global price for natural gas dropping, Petronas has been accused of insider trading that sells its product far below market rates. In a nutshell? We are asking for far too low of a percentage from a windfall that will not be coming—and we're paying with our water, our climate and our future. And Christy Clark wants to lock us in for a quarter century.
There is good news, though: the Lax Kw'alaams Band, part of the Tsimshian First Nation, was offered a billion dollars to rubber stamp the deal—and they turned Petronas down flat. There is serious momentum here -- which is good, because we don't have much time. We need to raise such a ruckus that when the BC Legislature meets next week there's no way they can approve this deal.
You're selling out future generations of British Columbians, Christy Clark. Stop this fracking deal.
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More information:
More information:
Clark selling out future generations to placate Malaysian oil and gas giant,Vancouver Observer, Jul 2, 2015
B.C. government AWOL on just about everything but LNG, La Source, July 6, 2015
B.C. government AWOL on just about everything but LNG, La Source, July 6, 2015
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