After concluding his trip to Beijing with China’s President Xi, President Trump announced the signing of nearly $250 billion in deals that would benefit the US.
Among them was a $43 billion LNG proposal between Sinopec and the Bank of China partnering with the Alaska Gasline Development Corp., to ship gas from northern to southern Alaska where it will be liquified and shipped to China.
This is a tough pill for British Columbians to swallow after our province saw an exodus of proposed capital for our LNG industry ambitions.
China was willing to invest billions in North America for LNG, just not in Canada’s uncertain regulatory environment.
There is a market for multi-billion dollar LNG export facilities on the west coast of North America, which is why this announcement stings BC and Canada the most.
Can we at least acknowledge that BC's job killing carbon tax is a negative force that has been detrimental to landing investment in this province?
As Catherine McKenna talks about the evils of coal this week at COP23 in Bonn, Germany, what we don't hear from her or anyone there, is an admission that the most reliable and affordable way to transition the developing world off coal while not increasing energy poverty is to move to cleaner-burning natural gas.
So why won't Canada's climate crusaders acknowledge this simple fact?
Well, doing so would mean they could no longer demonize the oil and gas industry and they’d have to concede that renewables are unreliable whereas natural gas is part of the future.