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Swimming against the tide

Dec 7, 2022

By Marc Lee

The challenge of higher interest rates and high household debt  The run-up of interest rates since March, led by the Bank of Canada in a bid to tame inflation, represents a substantial economic shock, one that is now pushing the country towards a recession. The bank’s overnight, or policy, interest rate is now at 4.25… View Article

Severe climate events cost BC economy billions more than reported estimates

Nov 30, 2022

By Marc Lee and Ben Parfitt

Caroline and Paul Mosterman have seen their share of unusual weather in four-plus decades of farming. But nothing comes remotely close to what they experienced in November 2021 when their Sumas Prairie farm was inundated by floodwater. Because the couple farmed on a floodplain, they had no flood insurance. So, when their farm buildings, blueberry… View Article

Living wage increases highlight urgent need to expand government efforts on housing affordability

Nov 17, 2022

By Iglika Ivanova and Alex Hemingway

Affordability has long been a concern for residents of Metro Vancouver—a region notorious for stratospheric housing costs—but with inflation shooting up to a 40-year high this year, the cost of living has become a much more pressing worry for many. Sticker shock at ever-rising grocery prices is now an all-too-familiar experience, but as prices soar… View Article

Soft rock and a soft touch

Nov 16, 2022

By Ben Parfitt

Trove of FOI documents sheds new light on lax regulation of troubled Site C dam It was the bureaucratic equivalent of waiting for a box of Timbits and a Double-Double at the Tim Hortons’ drive thru.  In the space of just hours on a single day in June 2020, the provincial government office in charge… View Article

BC is flush. It’s time for more robust investment in the common good.

Nov 2, 2022

By Alex Hemingway

Can BC afford to make major new public investments to address crises in housing, climate change, health care, child care and toxic drugs, among others? The simple answer is yes, can we ever.  A new report from the Canadian Centre for Policy Alternatives’ national office shows that despite dire predictions that the pandemic would be… View Article

A burning question

Oct 19, 2022

By Ben Parfitt and Michelle Connolly

BC government needs to say how many trees are falling to wood pellet industry Recently, two respected news organizations aired investigative documentaries showing how trees in BC’s drastically over-cut primary forests are chopped down only to be turned into wood pellets that are burned by the millions of tons to make electricity in the United… View Article

BC private schools to collect $491 million in public funding this year

Sep 21, 2022

By Alex Hemingway

Private schools will collect nearly half a billion dollars in public funding from the provincial government during this school year in British Columbia. This is in addition to further public subsidies to private schools—including elite prep schools—in the form of various tax exemptions and credits.  Provincial operating subsidies to the private school system will rise… View Article

Five reasons supply matters to the housing crisis

Sep 14, 2022

By Alex Hemingway

The housing crisis in BC is a multi-headed beast, requiring an all-hands-on-deck effort to make homes affordable and available to everyone as a human right.  Most of my work on housing policy to date has focused on financing a massive expansion of public and non-market housing, using progressive taxes to tamp down on speculation and… View Article

Will Drax’s claim that burning Canadian wood pellets is green go up in smoke?

Aug 30, 2022

By Ben Parfitt

OECD investigates UK power company’s sustainability claims as Drax becomes the largest pellet-maker in Canada In April 2021, the United Kingdom’s Drax Group purchased Pinnacle Renewable Energy, becoming the largest wood pellet-maker in British Columbia and Canada.  The acquisition gave Drax control of the majority of pellet mills in the province, locking up a vital… View Article