All you need to do to test the theory: “We don’t own the land that we think we own” is…
Stop paying your property taxes and see what happens.
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That would not surprise me.
I thought even the planned terminals were already fully supplied by American LNG.
I thought they were building out a giant ass one in Louisiana with slack capacity to meet spikes in demand but I read that article awhile ago so maybe didn’t get built or slack was sucked up by market demands
I guess it is a question on US LNG production capacity vs global demand for shipped LNG. I believe that the planned terminals can be serviced by US supply, but I could be wrong too. Of course current global demand is well in excess of terminal capacity.
I’m basically “meh” as well. The Canadian government doesn’t sell LNG just as the German government doesn’t buy it. This is just political fluff for some potential (multiple) resource sale that may or may not happen 4-6 years down the road.
In terms of revenue the total “extraction” (mining, oil&gas) sector returns about 2% of corporate taxes to the federal government. Lower than than construction (6) finance (22%) education, manufacturing (15%) tourism etc.
In terms of jobs, in 2014 it would take 38 workers for every 1000 barrels now it’s down to 22 or about 6-10 workers less than US extraction requires. In effect Canadian oil sands producers trade more like oil utilities, low p/e, high dividend, share buybacks with almost all capex going to “efficiencies” read lower labour. We could hit 8 million barrels a day and still wouldn’t hit the employment numbers from 12 years ago.
Having said all that I’m not anti pipeline or resource extraction, there just needs to be a reasonable business case or “proponents” behind it. Case in point TMX returned about 2billion net back to Canadians in its first year of (partial) operation…about 6% growing to 10% reasonably soon (thanks Trudeau!)
Or soon to be more in dividends/interest than the entire oil patch pays in taxes.
Maurice
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BC conservative leadership race concluded. For those not in the know, our fairly mainstream center right party merged with the batshit crazy and fairly fringe populist right party a while back. Their leader was ousted, and it seems like the populist faction of the party has won.
So now, our choice will be between batshit crazy right wing populist, a 25 year old far left tiktok star in the green party, or our current premier, who is hellbent on destroying property rights and economic growth.
Our system is beyond broken. I’d kill for a Gordon campbell or Christy clark right about now.
LOL. I was reading your post thinking to respond with, “Who would have thought we’d be at a place where we would welcome the ‘old’ BC Liberals back with open arms”….and then you said it. I can only hope the NDP decide to replace Eby at some point but haven’t seen any inkling of that. But damn it, is he an awful leader of what’s become an awful party.
I think it goes to show our increasing polarization. When the parties of not too long ago seem like a reasonable compromise in hindsight, it’s not a good sign.
I doubt the NDP turn on Eby, and if they do, they will likely turn further left to avoid vote splitting with the greens. I’m almost more afraid of who they would replace him with.
Sigh.
Meanwhile the federal liberals made a shift to the centre with Carney and you don’t seem to be happy with that either.
At this point I am certain that nothing would please you.
I’ve been very happy with Carney, actually. I think he’s been doing a much better job than Pollievre would have. Not sure where you got the impression I’ve been unhappy with him?
Well, Eby has 2 more years to ruin BC and to give the land away. Conservative have a bit of time to chill this lady out, if possible. But, if she becomes the premier I won’t object if I can keep my property, go to Joffrey lakes when I please, if she can rein in the racial division, maybe dig up a grave or two etc
Oil and gas sector contributes 4-5 percent of total federal gov’t revenue. It isn’t just corp taxes it is also royalties. At least according to a quick AI search. Mining another percent. That’s a lot. On top of that in 2026=27 20 percent of Alberta revenue without which I would think Alberta would go from being a have province to a have not whereby they would get transfers from the (two?) remaining have provinces. Without oil and gas Canada’s trade deficit over the last decade would be about 1 trillion dollars vs the 130 billion dollars it has turned out to be. The other industries you cite gov’t is getting taxes from activity inside the country. Manufacturing is being throttled by US tariffs as is softwood lumber, steel and aluminum. I don’t see how Canada maintains its standard of living without oil and gas and agriculture. We certainly are going into debt at an accelerating rate.
I looked at moving to BC about 12-15 years ago. No way in hell I would do that now. I think BC has been kept afloat by a lot of Chinese investment boosting property values. Bc doesn’t manufacture anything. Resource extraction is being throttled by Trump tariffs. Also making property more unaffordable for average people. Healthcare in BC looks to be worse than in Ontario. Victoria seems to be full of old wealthy people from property but they cannot get a family doctor and young family doctors don’t seem to want to go there due to price of property. On top of that if I bought property there would I have clear title or would I have to worry that I’d be part of some aboriginal land claim issue. No thanks Christie Clark or Gordon Campbell do look alot better than current lot of leaders
You said it well.
Apart from the coal that’s being mined in BC and shipped to China. I’ve ridden down through Elkford and entire mountains have been ripped apart and open mined.
No, from all sources federal gross revenue is about 470$ billion. They paid most recently 3 billion in federal corporate tax. That is about .75% of revenue.
When talking gdp sure, but from the Canadian association of petroleum producers from 2022 to 2024 the O&G sector generated 116$b in ALL forms of taxation 85$b was royalties of which over 80$b went to Alberta.
The confusion here comes from conflating royalties which are all provincial and largely benefit Alberta with federal revenue. Royalties depending on the year is about 15-25% of Alberta provincial revenues.
Like I say the Canadian tax payer (corporate taxation) benefits more from the poorly handled and inadvertent ownership of one pipeline than the rest of the O&G sector combined.
Employment from all natural resource sectors is about 350k….by reasonable estimates about 150k is oil and gas. Less than 1/10 of manufacturing/construction/professional services etc most of these industries pay more on average than oil and gas.
Re Have vs have not, equalization was meant to standardize services across the nation. Alberta has 13.2% seniors vs BC at 22% and some Maritime provinces at over 25%.
As you likely know 50% of all healthcare costs are from people 65 and over. Equalization largely goes to the 300-400k Alberta seniors living elsewhere to ensure they have the same level of care.
Maurice
Ok since we’re using AI:
British Columbia (BC) is the top destination for migrating doctors in Canada. Since 2000, BC has gained a net total of 1,814 physicians from other Canadian provinces. Additionally, through recent international campaigns, 89 American doctors relocated to BC, and over 400 U.S. health professionals settled in the province over a recent year-long drive
Thanks to new physician payment models and aggressive recruitment campaigns, BC has added over 1,000 new family doctors since 2023.
And believe me at 53 I finally got a family doctor in March, I’m probably the last person here wanting to defend BC healthcare.
Maurice