November 07, 2016

One down, four to go: BC Liberals get green light on first LNG project ahead of looming election

Christopher WilsonRebel Commentator
 

The BC Liberals held their convention this past weekend. With British Columbians heading to the polls next May, the governing party will attempt to win their fifth straight election.

All political dynasties eventually end when there is an appetite for change, but I’m not sure 2017 will be that year in BC.

Last election Premier Christy Clark and the BC Liberals campaigned heavily on bringing BC an LNG export industry.

The BC Liberals have taken quite a bit of heat on their now failed promise to have five export facilities operational by 2020, and rightly so, because before Friday not one LNG export facility had been completely green-lit.

I say before Friday because that’s when the government announced that the parent company behind Woodfibre LNG, a small export facility in Howe Sound, had approved an investment decision in it’s $1.6B facility.

I caught up with Natural Gas Minister Rich Coleman to discuss more about this project. Watch as he gives us the state of LNG in our province.

While he’s optimistic, it's a very competitive market with low prices and small margins, and I worry Canada’s regulations and investment climate due to carbon taxes, will scare off investment, sending those dollars south of the border or to Australia where they have no carbon taxes.

The Woodfibre investment is great news, but will more dollars follow before May 2017 and help the BC Liberals win another election?

Comments
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commented 2016-11-08 03:31:16 -0500
Anything is OK with me.. except a return of the BC NDP.
commented 2016-11-08 01:47:29 -0500
Or, are there wind farm projects in downtown New Delhi in the offing?… Solar panels?…
commented 2016-11-08 01:32:06 -0500
New Delhi, India, has just been named as the worst air polluted capital of any country in the world… Even worse than Beijing!?!… Would love to see any arguments against shipping Canadian LNG to them to clean up their deadly air…
commented 2016-11-07 22:34:42 -0500
… and hopefully we haven’t dragged our feet too long and lost some of these opportunities to other countries, especially those with out a BLOODY CARBON TAX.
commented 2016-11-07 22:31:54 -0500
Until a party other than the NDP manage to make any headway for themselves in BC , as you say Christopher, Clark’s liberal’s will retain their ‘baked in’ advantage. I don’t think Christie is bad enough or anyone is bored enough with her, for any kind of protest vote. That hard lesson of allowing the NDP in to get the conservatives out, is still sharp in the minds of any westerner. No one wants to see the NDP ruin BC the way Notely did in Alberta.

Fingers crossed for LNG in BC. Rich Coleman sounds very positive, and sounds like he knows what he’s talking about. Its been so long getting anything done anywhere, that I will believe it when I see it. Sounds great though. I applaud the Squamish band and can only hope other bands follow suit.
commented 2016-11-07 17:57:59 -0500
For a sure bet the ndp will not win an election for many cycles to come unless they lower the voting age to 9 years of age

Good news though—— it’s a start!
Thanks CHRISTOPHER
commented 2016-11-07 17:24:06 -0500
Good for the Clark government! Long, long overdue…. Now watch the crazies in B.C. start bitching because our gas is being shipped to China and India to clean up their air pollution… Illogical of course but that has never stopped them before…