October 10, 2017

Trudeau's war on oil and gas hits BC hard: $60B (and counting) in lost investments

Christopher WilsonRebel Commentator

While BC wouldn’t have seen any direct benefit from the Energy East pipeline, the decision to kill it was gut wrenching for the province nonetheless, and we share the pain of those in Alberta and Saskatchewan who suffered a direct hit. 

Since Justin Trudeau's election in 2015, BC has actually had it worst of all when it comes to cancelled or suspended energy projects.

The federal government's decision to implement a national carbon tax, and include down stream emissions impacts of new projects has resulted in a loss of energy investment not only in the form of oil pipelines but in natural gas as well.

Watch as I do the math on all of the cancelled projects that amount to a staggering $60B loss in investment for British Columbia, which could still grow to over $100B.

And, the loss of investment in oil pipelines in BC and across the country pales in comparison to the cancelled and suspended investments in BC's natural gas industry.

Beginning with the recently cancelled Pacific Northwest LNG project backed by Petronas, BC lost a potential $36B investment, then just a couple of weeks ago, the $28B Aurora LNG project was also cancelled.

Is there any chance that the Transmountain expansion pipeline — valued at around $7B — will even be built?

It was approved by the Trudeau Liberals and the NEB with construction slated to start last month, but September has come and gone and work has not begun.

The project’s in Federal Appeals Court now with some First Nations, municipalities and environmental groups challenging the approval. Any ruling against the project might just mean Kinder Morgan will pull the plug like TransCanada did with Energy East.

They’ll just write off a loss and abandon the project to look for jurisdictions far more friendly than Trudeau's Canada to invest in.

Comments
You must be logged in to comment. Click here to log in.
commented 2017-10-12 03:06:26 -0400
And tonight’s public meeting of The Boy Blunder with Trump in Washington, with the latter being questioned by the press on the NAFTA negotiations showed all we have to know for Canada’s imminent future… Even the Boy Blunder was not “baboon grinning” at what Trump said…
commented 2017-10-12 00:08:49 -0400
JT’s scorched earth strategy for O & G will only benefit American Manifest Destiny.

Canada is weak and incapable of preventing the inevitable.
commented 2017-10-11 21:45:59 -0400
BC is simply a part of the plan – they are actually anti oil so their population does not care – after all the government will take care of them.

And yes – in the lower mainland, it seems many actually do think like that.
commented 2017-10-11 16:18:39 -0400
Keith Barnes. Thanks for that link. Very informative. The frequency of trolls on The Rebel indicates they must be doing something right!
commented 2017-10-11 11:45:05 -0400
A country that turns down commonsense job and wealth producing projects like Energy East is not one that can take anywhere near as many refugees and new immigrants as it currently does. By the way, does the Pierre Elliot Trudeau foundation accept donations from Arab oil kingdoms that have an interest in suppressing competition in the energy sector? Does the Justin Trudeau trust fund invest in these oil kingdoms? These questions are definitely worthy of investigation, are they not?
commented 2017-10-11 11:07:03 -0400
Muta Ween—-Your post is accurate, except Tim Hudak had policies, getting rid of 100 thousand Gov’t workers.
Hudak looks like Winston Churchill compared to the rest.
commented 2017-10-11 11:03:32 -0400
KEITH BARNES commented 13 hours ago
Of topic.
https://www.youtube.com/watch?v=wFn_SFNKVRw
How To Spot A Government Troll And What To Do About It

I think THEREBEL ought to do a piece on what this fellow has to say in this very interesting link!
commented 2017-10-11 09:57:13 -0400
Never in my life did I dream that I would witness government cheer the fact that they drove off BILLIONS in investment and the creation of tens of thousands of good jobs….yet must still import foreign conflict oil!
Truly disgusting and treasonous in my book….
commented 2017-10-11 09:16:11 -0400
In Ontario our brilliant PC Party have placed the hopes of Ontarians for relief from the despotic Liberals in the hands of Patrick Brown , whom I call Patrick BLAND. Just another wheenie like Tim Hudak. No charisma, no strong policies to re-invent Ontario. I believe the big money behind politics purposely contributes to the elite executives in the Ontario PC party to ensure we get an unelectable leader.
Our schools,, our education system and our legal system are all infected with this socialist/Marxist virus and I am really concerned that we may have crossed the tipping point for recovery to a common sense Canada.
commented 2017-10-11 09:00:48 -0400
Taking down the the Oil and Gas industry in Canada was hatched and funded by greedy foreign destroyers; the plan was executed by traitors to Canada – an inside job with many players; so many in government positions. These traitors are celebrating, they belong in jail instead.
commented 2017-10-11 03:04:36 -0400
The “Great Bear Rainforest” is indeed an eco-nut contrived name initiative created to supposedly protect the Kermode or “Spirit Bear” on the middle and south coast of the B.C. coastal mountain range… The tan fur bear is a genetic anomaly amongst some of the common black bears of the region… It’s not gas or oil pipelines that are threatening its existence, but much bigger grizzly bears that are slowly moving south into its territory and competing with them for food and space… The bottom line is that a swath through the forest for an oil or gas line does nothing to hinder or harm their existence. And certainly not an oil or gas line going to Kitimat, which is well north of their traditional territory… The Boy Blunder, as usual, was spouting inanities when he made those comments and was just puppeting words put in his mouth by Buttskie…
But the effect of all those project cancellations is a genuine economic disaster, which coupled to the new Horgan/Weaver Tango in Victoria, means billions and billions in income and job losses, and tax revenue, for the coming years…
commented 2017-10-11 01:06:03 -0400
Eh. TruDope & Nutley’s a**es are grass – KICK at EVERY Oppotunity!
commented 2017-10-11 00:36:35 -0400
Eh, TruDope / Nutley – come and try s**kin my dick you treasonous POS! Take your frog ass & run! FAST! ..my way if your faggy a** desires. – I’m waiting.
commented 2017-10-10 22:06:33 -0400
Back to calling them Bring Cash, sadly we will not have any cash to bring this time around.
commented 2017-10-10 21:59:25 -0400
Trudeau and Butts have vowed to put the petro industy out of business – I can’t think of a time when I’ve heard anything so rife with isolated enmity for those who will suffer in such needless transitions.
commented 2017-10-10 20:12:23 -0400
Fraser McBurney—-Your post was small in volume, but huge in information.
100 Billion lost in investment is big even by US standards. If Christy Clark had even got one or two of these projects completed, she would have received a majority. ( too many outside influences against her ) Maybe she will be back as a Conservative Leader in BC.
Our only hope is to demote Scheer and get a more dynamic leader like the NDP did. Someone whose name the voters will remember.
commented 2017-10-10 19:34:08 -0400
Canadian Mongrel, great post!

More Marxist terminology, “social license”
commented 2017-10-10 19:32:30 -0400
ENLIGHTENED CONSERVATIVES ARE CHAMPING AT THE BIT FOR THE NEXT ELECTIONS IN CANADA, BRITISH COLUMBIA, ALBERTA , ONTARIO AND NEW BRUNSWICK BUT WITH THE BRAIN WASHING IN OUR SCHOOLS AND UNIVERSITIES AS WELL AS IN OUR UNIONIZED WORKERS THERE MAY NOT BE SUCH A CHANGE ESPECIALLY WITH THE CURRENT LEADERS OF THE CONSERVATIVE PARTIES.
commented 2017-10-10 19:32:30 -0400
ENLIGHTENED CONSERVATIVES ARE CHAMPING AT THE BIT FOR THE NEXT ELECTIONS IN CANADA, BRITISH COLUMBIA, ALBERTA , ONTARIO AND NEW BRUNSWICK BUT WITH THE BRAIN WASHING IN OUR SCHOOLS AND UNIVERSITIES AS WELL AS IN OUR UNIONIZED WORKERS THERE MAY NOT BE SUCH A CHANGE ESPECIALLY WITH THE CURRENT LEADERS OF THE CONSERVATIVE PARTIES.
commented 2017-10-10 19:23:55 -0400
And of course the name “Great Bear Rain Forest” is an artificial construct invented by green pieces, as admitted by Bermann, hired by Notley to kill the working class livelihood.

I have always tried to make sense of the nonsense term. Is it a rain forest where great bears wander? If so, what is a great bear? Or is it a great rain forest where bears wander? Or is it a great forest named after Bear Rain, but who is he? Or is it a forest where great bear rain occurs, but what is a great bear rain and how does that fit with climatology? Since most of the pipeline is not through rain forest, why does that majority of boreal and aspen park count as rain forest? So F’ing confusing when the regressive left does not define terms.

Best to go back calling it by the woodlot numbers, much more accurate. Or add supposed before great bear rain forest.
commented 2017-10-10 19:12:43 -0400
All these travesties are based on the man made climate change hoax. James Delingpole of Breitbart reports today that two more studies have been released refuting the narrative of the climate alarmists.