The YPP would stop subsidizing LNG ($347 million/year), demand for the royalty rates be tied to the international market price. Said royalties would be used to provide free public transit for Translink and BC Transit users.
We believe the BC Liberal's faith in LNG for delivering prosperity for British Columbia is totally misguided. There is a significant global excess of current LNG supply and this will not dissipate over the next 20 years due to past LNG supply over-developments. It is therefor folly to build a $9,000 million Site C Dam to supply electricity to any future "pie-in-the-sky" supposed BC LNG projects, as they simply cannot be justified on economic analysis by their large corporate developers. Those taxpayer funds will be far better spent financing the current urgent housing, drug, hospital, education, child care and earthquake preparedness needs of BC.
OIL AND GAS
We support Oil and Gas exploration. However, we are strongly opposed to the use of fracking. We will ban fracking across BC due to seismic earthquake risks. It is well documented by international scientists that fracking causes seismic activity. We therefore believe it is far too risky to continue fracking across B.C. since it most likely will artificially induce a major earthquake before our community is fully prepared for its impact.