Auditor General Says BC Liberal Government’s “Carbon Neutrality” Lacks Credibility After Wasting Millions Of Taxpayers’ Money On “Free Riders”

0
167

AG John Doyle Also Found Unprecedented Level Of Interference By The Companies And Industry Being Audited!

The audit examined two projects which accounted for nearly 70 per cent of the offsets purchased by government to achieve their claim of carbon neutrality: the Darkwoods Forest Carbon project in southeastern B.C. and the Encana Underbalanced  Drilling project near Fort Nelson. Auditor General John Doyle found that the government basically wasted $ 6 million of taxpayers’ money on something they would have received free. “In industry terms, these projects would be known as ‘free riders’,” said Doyle. “Together, they received $6 million in revenue for something that would have happened anyway.”


AG John Doyle

VICTORIA – According to Auditor General John Doyle’s latest report,

entitled An Audit of Carbon Neutral Government, the majority of

offsets purchased to meet government’s carbon neutral goal in 2010

were not credible. The audit examined two projects which accounted

for nearly 70 per cent of the offsets purchased by government to

achieve their claim of carbon neutrality: the Darkwoods Forest

Carbon project in southeastern B.C. and the Encana Underbalanced

Drilling project near Fort Nelson.

“Offsets can only be credible in British Columbia if, among other

things, the revenue from their sale is the tipping point in moving

forward on a project. It must be an incentive, not a subsidy, for

the reduction of GHGs,” said Doyle. “However, neither project was

able to demonstrate that the sale of offsets was needed for the

project to be implemented.”

Encana’s project was projected to be more financially beneficial to

the company than its previous practices, regardless of offset

revenue, while the Darkwoods property was acquired without offsets

being a critical factor in the decision.

“In industry terms, these projects would be known as ‘free riders’,”

said Doyle. “Together, they received $6 million in revenue for

something that would have happened anyway.”

Doyle also commented on the unprecedented level of interference by

an audited organization and industry in the audit.

“Of all the reports I have issued, never has one been targeted in

such an overt manner by vested interests,” he stated. “Nor has an

audited organization ever broken my confidence as did the senior

managers at the Pacific Carbon Trust by disclosing confidential

information to carbon market developers and brokers.”

“I was astonished to have to expend my office’s limited resources

responding to an orchestrated campaign of delay and interference,

led by a public-sector entity on behalf of market interests.”

The Auditor General is a non-partisan, independent Officer of the

Legislature who reports directly to the Legislative Assembly. The

Auditor General Act empowers the Auditor General and his staff

(known as the Office of the Auditor General or the OAG) to conduct

audits, report findings and make recommendations.