Things just keep getting worse for British Columbia's LNG aspirations. Yet another major multi-billion dollar project has been scuttled since John Horgan's NDP were vaulted into power with the support of the Green Party.
This time, the Aurora LNG project that was set for Prince Rupert, BC, was cancelled.
The project was one of the more advanced proposals and it had been put forward by NEXEN and a Japanese partner INPEX.
This is yet another blow to Prince Rupert who also lost the $36B Pacific North West LNG project when Petronas pulled out.
But it’s also a blow to one of Canada's biggest oil and gas infrastructure companies. TransCanada had proposed building a natural gas pipeline from the Montney Shale in North East BC to the North West BC coast, but now there are serious doubts about whether there will be any customers for their proposed pipeline.
When a project like Aurora LNG is cancelled, cheers erupt from the headquarters of our foreign funded environmental groups in Downtown Vancouver.
And while anti-fracking propaganda has repeatedly been debunked, the main point we hear from environmentalists and LNG skeptics, is that low natural gas prices have stopped BC from becoming a player. This is simply false.
Watch as I explain the factors that do make British Columbia the least appealing natural gas and LNG jurisdiction in the world.
At a time when BC is missing the boat on this important industry, Emmanuel Macron's progressive France is building LNG Icebreakers for a project they have an interest in with Vladimir Putin's Russia, and providing LNG to a region that we could easily provide from British Columbia.