Canada's Carbon Credit Catastrophe Begins in British Columbia

[FastTadpole]

Quote:Goldstein: Canada's carbon catastrophe begins
81 of B.C.’s schools, hospitals forced to buy carbon credits rather than fund nurses, teachers
By Lorrie Goldstein ,Toronto Sun
Monday, May 9, 2011

BC schools and hospitals are being forced to buy carbon credits rather than fund nurses and teachers. the provincial government is forcing the transfer of millions of tax dollars from cash-strapped schools, hospitals and other public institutions, by requiring them to buy carbon offsets. Money which then benefits hugely profitable energy companies like Encana.

This is eerily reminiscent of what happened in Europe when it started pricing emissions years ago.

Hospitals, universities and other public facilities had to spend millions of dollars that could have gone toward hiring more nurses and professors, buying carbon credits.

Meanwhile, energy giants like BP and Esso made millions after receiving free carbon credits from European regulators — which they then sold into Europe’s disastrous cap-and-trade market, the Emissions Trading Scheme.

The reason for the fiasco in B.C. is the provincial government has decreed schools, hospitals and other public facilities must become “carbon neutral,” with municipalities joining the list next year.

The only way they can comply, because so many of their buildings are old and energy inefficient, is to buy “carbon offsets” to — in theory — cancel out their excess emissions.

As Craig McInnes of the Vancouver Sun reported May 7, the city’s school board, facing a budget shortfall of $8.4 million, nonetheless had to spend $450,000 on carbon offsets and a “smart tool” to calculate its “carbon footprint.”

According to The Tyee online newspaper, the same thing is happening to school boards, hospitals and other public facilities across B.C.

As a result, schools are hiring fewer teachers and turning the thermostat even lower in winter in already poorly-insulated buildings to save money, prompting complaints from parents and students.

The money schools, hospitals and other public institutions pay for carbon offsets (the Sun estimates up to $25 million annually) is used by Pacific Carbon Trust — a government agency — to buy carbon offsets from energy companies like Encana, helping it to pay for new technology to lower its emissions.

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Full Article: http://www.torontosun.com/2011/05/09/gol...phe-begins

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[icosaface]

Campbell sucks, premier of BC, an incredibly ignorant greedy souled out creep. Rather than make the infrastructure more energy efficient they pay fines and have less money to affect positive changes with. Makes perfect cents!