August 26, 2016

One trillion reasons why Liberals' stalling LNG projects will cost BC

Holly NicholasRebel Commentator
 

Malaysian investors have had enough of the Trudeau Liberals stalling on the final decision  for a British Columbia LNG project slated to begin construction in 2015 and still on hold.

So far, the National Energy Board has approved 9 of 13 LNG projects in BC that could create 100,000 jobs and result in a cumulative GDP for the province of over $1 trillion.

Malaysia’s state oil company, Petronas, has already put $12 billion into the project that involves partners from China, Japan, India and Brunei.

The Liberals have made an already difficult regulatory process even worse by adding layers to the process and stalling on decisions citing impacts on climate change, fish and wildlife and concerns of First Nations groups, and now it’s looking like these investors are ready to jump ship.

Petronas refuses to accept more road blocks from the Canadian government having already spent billions on the project with the downturn in oil prices affecting their bottom line.

It seems they too are frustrated with the Liberal government’s climate change priorities.

Comments
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commented 2016-08-28 07:18:30 -0400
Its Baby Doc. His strings are pulled by Sasha Trudeau (the Arabist who’s interests lie now with Canada or Canadian oil but with Iran, for whom he does work), and eco-wing nut Gerald Butts.

But where will the money go? Most have taken aim at investing in Texas, and its boom time there, even with a downturn in the price of oil.

Few roadblocks to investing and projects there.

Meanwhile, the dollar isn’t doing so great, our budget has gone from $7.5 billion surplus to a $30 billion deficit, and Canadians will be hit with a “carbon” tax.

Does this fool understand that the 1.5% of world carbon dioxide emissions generated by Canada is consumed by our forests and Canada is actually CO2 negative?

Don’t get me started!
commented 2016-08-27 01:51:01 -0400
This deliberate screwing of B.C.‘s economical development, or Alberta’s, is the reason the majority of Western Canadians hate those little Liberal turds in Ottawa with a passion…
commented 2016-08-26 21:54:59 -0400
The pm – trudeau = scum

That pretty much says it all

Do a Google search for this: F*ck Trudeau

You might b surprised at what you find.
commented 2016-08-26 21:47:40 -0400
Time to build the wall and make Quebec pay for it. Economic treason against the west but the whole country will go down with us. That ought to put a dent in co2 emissions.
commented 2016-08-26 18:10:19 -0400
More contempt from the Laurentian elite towards western Canada. Time to separate!
commented 2016-08-26 16:42:03 -0400
Bill Elder, as usual you have well articulated the sad reality. Decisions affecting Western Canadians are made by a Government from Eastern Canada most often by Prime Ministers from Quebec, the Beggars in Confederation. This PM is worse because he is incredibly stupid. The West is treated as a colony, I only hope to see Western independence in my lifetime.
commented 2016-08-26 16:25:33 -0400
So far the Junior Selfies in Ottawa have dropped a billion dollar Canola contract with China, a LNG supply deal with the Pacific rim and they will soon blow a multi- billion dollar oil trade deal with Beijing, throug bureaucratc foot dragging and fraudulent environmental assessments. – all these blown trade deals have one glaringly obvious common element to them – they are all negatively impact economic out put from Western Canada.

More proof the party of the Laurentian oligarchy despises western Canada’s economic independence and are on a multi-level agenda to economically destroy and subjugate it ever since PET swore to do so when he stormed out of the Western Economic Opportunities conference in 1973, then slapped a Federal Export Tarrif on Canadian petro energy that vacuumed billions out of the west right into Ottawa to buy votes in Ontario and Quebec.