Post by
mouserman on Nov 18, 2024 8:59am
BC election uncertainty , Greens holding balance of power?
The Financial Post reports in is Saturday edition that the razor-thin majority held by the NDP in British Columbia (47 NDP, 44 BC Conservatives, two BC Greens) means Premier David Eby will seek the co-operation of the Greens in some form to ensure a stable government. The Post's Meghan Potkins writes that one option in play, according to political experts, could have the Greens holding the balance of power in the legislature via support for the governing NDP on a vote-by-vote basis or through a more formal supply-and-confidence agreement. A scenario where the Greens hold the balance of power would have a negative impact on energy sector investment, RBC analyst Maurice Choy said in a note following the election. "At first glance, we believe that any material influence that the B.C. Green Party has on energy policy in the province will likely be viewed negatively by investors in our sector, particularly affecting stocks with material natural gas-oriented infrastructure exposure," he said. Mr. Choy noted that the Greens have called for a prohibition on new LNG projects, the phase-out of fracked gas production and an end to new pipeline permits. The Greens have also called for a B.C. windfall tax on oil and gas companies.
More bad news for B.C. .... only jobs created there in the past few years are GOVT.. and those are a burden on taxpayers, not a boon.
Comment by
Nakate on Nov 19, 2024 11:11pm
Greens can play but they don't want another election either so everyone has work together and fix the messes before they can come up with new ones