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February 29, 2008
House Passes Renewable Energy Credits | www.nytimes.com
Whether you agree with the tax incentives for renewable energy initiatives or not and whether you agree with the ending of tax incentives for oil and gas producers the House appears to be sending a message to oil and gas producers, get on the renewable energy bandwagon or lose tax incentives. I understand both sides of the issue and quite frankly both sides have merit, but just as frankly oil and gas producers have been in the best position to develop renewables and they haven't. Some renewables like ethanol can not only be integrated easily into our current liquid fuels systems further the ethanol production can also be used for enhancing domestic oil production. The House is only responding in a fiduciary manor to their constituents by opening the door for the best suited to develop the renewable fuels sector, the oil and gas companies.
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The BC Government Opens Carbon Tax Door: Are Business and Consumers Ready For the Carbon Risk
February 21, 2008
Carbon Tax to Fuel BC Green Plan | www.canada.com
It is important to recognize that the action taken by the BC Government is one that will likely be copied in every Province in Canada and in every State in the USA. Carbon Risk is a reality and investors and companies should have a plan for dealing with this risk. This risk will affect every sector of business whether it is the farmer, the steel producer or the oil and gas company because we all use fossil fuels for the transportation of our goods. Further this is just the first application of the Carbon Tax. Don’t think for one moment that it will stop at the gas pump. In the future whether it be in this jurisdiction or another it is quite likely we will see a Carbon Tax on the large final emitters which will change the economy dramatically. There is one way to stem the coming tide of Carbon Taxes, which is to invest in viable GHG reducing projects. The investment community should look at this as a question, “Do they want to pay taxes or do they want to gain on an investment?”
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