So which LNG plants will be going ahead and in what order in BC?

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epaulo13 epaulo13's picture

LNG more than jobs vs. environment

The important public discussion around the extent to which we base our economy on LNG export has been cast as a simplistic struggle between the reactionary forces of ‘no’ and the good folks who are working hard to get to ‘yes.’

This is not an issue as simple as jobs versus the environment.

No economy that wrecks the environment can create anything other than a relatively short-term economic boom. The price is a poorer long-term economy with fewer choices.

Look no further than our diminished forest industry.

quote:

We are using fracked gas in BC because we have already used all our stocks of natural gas that are easily available through conventional drilling. This reality presents us with two more problems.

If we wish to export our natural gas, we are going to have to increase production and that is going to increase the ecological damage.

Second, any amount of gas that is made available for export is no longer available for BC. We need that gas.

By creating an economy based on energy export, we are weakening our domestic energy security. This is strange behaviour for a province that has historically succeeded by creating an economy based on inexpensive public energy.

China is not making this mistake. It has considerable reserves of natural gas. It is leaving them in the ground and buying Australian and Russian gas in order to conserve its own supply.

epaulo13 epaulo13's picture

FortisBC to lose LNG contract with Hawaii

FortisBC is losing a long-term contract with a Hawaiian power utility, which would have financed a plant expansion worth hundreds of millions of dollars, thanks to regulators on the island rejecting a proposed merger between the buyer and a Florida energy company.

In May, FortisBC announced it had signed a 20-year contract with a Hawaiian power utility, Hawaiian Electric, to supply 800,000 metric tonnes of liquefied natural gas annually to Hawaii from its LNG plant on Tilbury Island....

whynot

Christie Clark sure knows how to pick LNG partner as not only is Malaysian leader know for excessive cutting costs measures despite the risks but also has a reputation for being a crook.

http://mobile.nytimes.com/2016/07/21/world/asia/1mdb-malaysia-us-assets-...

NorthReport
epaulo13 epaulo13's picture

Forget LNG bonanza, Clark changes hype to foreign buyers tax

It’s nine months to go until the next election and one political hype machine in British Columbia has broken down while a new one is roaring to life.

Here’s how Premier Christy Clark’s pre-election focus shifted from liquefied natural gas to the new urgency over housing affordability, showcased by her controversial crackdown on foreign homebuyers:

It was around four years ago that Clark’s governing Liberals started cranking up the LNG hype.

quote:

But Premier Christy Clark’s focus is now somewhere else. Take a look at the Liberal Party website and there’s nothing on the home page about LNG anymore.

Now all the hype is about home affordability and going after those foreign buyers.

“Putting British Columbians first,” says the Liberal website headline trumpeting Clark’s surprise 15-per-cent tax on foreign homebuyers in Metro Vancouver.

Basement Dweller

http://www.bloomberg.com/news/articles/2016-08-12/chinese-envoy-challeng...

I see China's top envoy in BC feels the need to comment on our internal affairs.

How ironic.

I wonder if this is part of Christy Clark's game plan.

NorthReport

Would be surprised if this was not part of Clark's game plan. After all, election time will soon be upon BCers, so if BC has to give away the store, to get things happening, so be it.

BC Liberals theme song: 4 more years! 4 more years! That will be 20 in case anyone's counting, eh!

Go Greens Go!

‘We are committed’: Petronas hopes to secure environmental license for Canadian LNG project by year-end

 

Petronas is looking to build the Pacific Northwest LNG project on Lelu Island near Prince Rupert, B.C.Handout/Pacific Northwest LNGPetronas is looking to build the Pacific Northwest LNG project on Lelu Island near Prince Rupert, B.C.

http://business.financialpost.com/news/energy/we-are-committed-petronas-...

NorthReport

Pacific NorthWest LNG venue change possibility could have swayed Lax Kw’alaams voters

Petronas’ proposed $11 billion LNG export terminal proposal got a boost last week after an aboriginal community on the North Coast voted in favour of negotiating with the company with a chance that the terminal’s location could be changed.

Lax Kw’alaams Band Mayor John Helin says that the band is hopeful that the terminal will be moved in the wake of the vote endorsing further talks on compensation because of the impacts the project could have on their lands. The group is set to meet in the coming days with officials from Pacific NorthWest LNG, and the provincial and federal governments.


http://energeticcity.ca/?p=101509

NorthReport

Analysis: Enbridge bets on natural gas with Spectra deal as it jockeys for market share

http://business.financialpost.com/news/energy/analysis-enbridge-bets-on-...

MegB

Continued here.

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