Posts by Marc Lee

Marc Lee

About Marc Lee

Marc Lee is a Senior Economist at the CCPA’s BC Office. In addition to tracking federal and provincial budgets and economic trends, Marc has published on a range of topics from poverty and inequality to globalization and international trade to public services and regulation. Marc is Co-Director of the Climate Justice Project, a research partnership with UBC's School of Community and Regional Planning that examines the links between climate change policies and social justice. Follow Marc on Twitter

BC’s Awkward Surplus

Sep 11, 2014
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On Tuesday, the Ministry of Finance reported results from the first quarter of 2014/15. While the news release stated “B.C.’s budget remains balanced in spite of extra costs,” there is a projected surplus of $266 million for the current fiscal year. In reality it will likely be much higher, due to the usual practice of using conservative planning… View Article

Will offsets be the “indulgences” for our LNG sins?

Jul 18, 2014
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In June 2014, the BC government reported on its progress towards the 2007 Greenhouse Gas Reduction Targets Act, which calls for a one-third reduction by 2020 in GHG emissions (relative to 2007 levels) and an 80% reduction by 2050. The BC government claimed to have met a key milestone: an interim target of a 6%… View Article

Will Enbridge’s pipeline ever get built?

Jun 18, 2014
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You have to wonder why the Harper government bothered with process at all. It’s like there was never any doubt that Enbridge’s Northern Gateway pipeline would get approved. But historians may look back on this moment as the beginning of the end of pipeline politics. Opposition to Enbridge’s Northern Gateway Pipeline is BC’s largest social… View Article

Don’t believe the (LNG) hype

Apr 30, 2014
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Today we released a new report, Path to Prosperity? A Closer Look at British Columbia’s Natural Gas Royalties and Proposed LNG Income Tax, about liquefied natural gas (LNG ) development in BC, and the public revenues that might be expected. So far, LNG has lacked a real public debate. On one side, we have the… View Article

About that LNG Prosperity Fund

Feb 18, 2014
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Budget 2014 contains some new information about how the province intends to pay for all of the ponies BC children have been promised from LNG riches. Alas, there is not much there – a three page text box that mostly restates the hype on LNG – and from what has been revealed it looks a… View Article

BC’s Big Favour?

Jan 30, 2014
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The hype on LNG has grown to staggering proportions. I have not had much time to debunk all of the government’s grotesque exaggerations and outright falsehoods. But Christy Clark’s claim that BC is “doing the world a favour” by exporting LNG to Asia made me write this oped, which got picked up in today’s Vancouver… View Article

Burning issues for Metro Vancouver

Jan 7, 2014
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The front page story of today’s Vancouver Sun takes on Metro Vancouver’s waste incineration facility in Burnaby. The Fraser Valley Regional District has been strongly opposed to a new proposed incinerator planned by Metro, and likewise has expressed its concerns about air quality in regards to the Burnaby facility. Its operating permit is up for… View Article

Annotated Pacific Coast Action Plan on Climate and Energy

Nov 4, 2013
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BC recently signed on to a new Pacific Coast Action Plan on Climate and Energy, which includes California, Oregon and Washington states. On the surface it seems like the province is recommitting to climate policy, but don’t believe the hype: it was just a few years ago that BC was in negotiations with those same… View Article

Global carbon budget is a harsh reality check for Canadian investors

Oct 30, 2013
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The recent report of the Intergovernmental Panel on Climate Change (IPCC) should be a wake-up call for Canada. With a development model based on ever more fossil fuel extraction, Canada’s economy and financial markets are on a collision course with the urgent need for global climate action. The IPCC, for the first time, stated an… View Article

LNG: BC’s Quest for a New Staple Industry

Oct 21, 2013
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I have a post as part of a new series from the Progressive Economics Forum celebrating 50 years of Mel Watkins’ publication of “A Staple Theory of Economic Growth.” Watkins’ piece follows the insight of Harold Innis to develop an understanding of economic growth uniquely rooted in the Canadian experience. The series begins with an… View Article