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Regional District Approves Alternate Approval Process for Sale of Greenhouse Gas Credits

By 250 News

Thursday, November 20, 2008 01:41 PM

Prince George, B.C.- The Regional District of Fraser Fort George is initiating an alternate approval process for an agreement with the Federation of Canadian Municipalities.
In the short term, the Regional District would receive $525,000 from the Federation of Canadian Municipalities. This amount, along with an additional $100,000 would be paid back to FCM and its offshoot "GMC" (Green Municipal Corporation) through the sale of emission reductions and once the debt was cleared, a new revenue stream would be available to the Regional District to support ongoing landfill gas system operating and expansion costs.
The process is being put in place because it’s a long term arrangement which requires approval by the electorate.
 Opinion 250 reported the plan last month:
“The Regional District is already burning off the methane gas that is being captured at the landfill, that means anywhere from 15 thousand to 20 thousand tonnes of green house gasses are no longer entering the atmosphere.    “It is the equivalent of taking 10 thousand cars off the road” says Regional District Administrator Jim Martin. 
It also means there would be significant green house gas credits that could be sold on the market to others who need them.
Enter the Green Municipal Corp. It wants to enter into a deal with the Regional District.  It would sell those credits, and the Regional District will get the financial benefit. For the first five years, the sales would be applied against the grant and an extra $100 thousand dollars to the Green Municipal Corp for doing the marketing and sales work. Once the loan is paid, those dollars would turn into revenue for the Regional District.”
The alternate Approval process would require opposition from 10% of the eligible voters in the Regional District.  Administration has determined the number of eligible voters to be  73,355 , which would mean there would have to be 7,335 signatures needed to oppose the deal and force a referendum on the matter.
As approved, the Alternate Approval Process will be in effect until 5:00 on January 5th, 2009. The cost of the alternate approval process is about $1500 dollars as compared to $25 thousand dollars for a regional  referendum.

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Posted on Thursday, November 20, 2008 01:41 PM in News by 250 News

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Comments

Comment Posted by: giterdun on November 20 2008 2:03 PM
"It also means there would be significant green house gas credits that could be sold on the market to others who need them."

So the way I see it, we would stop producing gas so that someone else can continue to do so. Great scam. WHAT A CROCK OF S4IT!!!
Comment Posted by: Loki on November 20 2008 3:56 PM
have you ever seen a shell game?
Comment Posted by: seamutt on November 20 2008 4:54 PM
This whole greenhouse gas thing is the biggest scam in the world. You have scam artists like Al Gore making millions with this scam. Want proof go to icecap.us-readit and all its links. A little fact, warming stopped in 98 and has been cooling for the last five years. Has there been global warming, yes, since the last ice age. Want more proof, when the government gets on the side of something, there is a problem. Do you believe government. I have found many more websites if anyone is interested, I'll post them.

David Suzuki-hes a fruit fly expert, not a climatologist.
Comment Posted by: dow7500 on November 20 2008 6:55 PM
Better look into the" green municiple corp"
It dosen't pass the smell test at first blush. A price on something no one see, and most can't measure is a governments' dream come true. Carbon Tax = B==l sh-t.
Comment Posted by: Palopu on November 20 2008 7:46 PM
A further part of the scam is the alternative approval process. Considering the size of the Regional District it is almost gauranteed that no one could get the required 7335 signatures.

The Provincial Government recently changed the percentage of signatures from 5% to 10% . I suspect this was done to ensure that Municipalities, and Regional Districts could put through most of their crappy ideas without any interference.

Comment Posted by: willowynde on November 20 2008 8:27 PM
What a bunch of uninformed sicko that are in charge, and there is no one else to vote for. Typical
Comment Posted by: slick-rick on November 20 2008 9:11 PM
I am confused.