Malaysia's Petronas has spent nearly $12 billion preparing for Pacific North West LNG (a $36 billion endeavor). The project was to be located on Lelu Island (federal land) near Prince Rupert.
Now they are threatening to abandon the project due to Trudeau setting new standards for environmental issues. The project was given thumbs up by the B.C. government in November 2014 .
The liberals stated that Petronas will be subject to additional assessment.
Petrona has had many delays and setbacks due to aboriginal, environmental and now government opposition. From frustration, they have given Trudeau a March 31 ultimatum: approve it as it stands now or we leave.
Petronas said the environmental standards were very high with the Conservatives and they met all those standards in all the design and engineering of the project. Petrona has partners in China, India and Japan and are most likely seen to move forward with LNG exports because they have customers and don't have the same profit expectations as shareholder owned companies.
Obviously, the Liberal government couldn't care less about the economic state of northern B.C. and will keep stalling while the cash is being burned up.
Of two dozen groups proposing LNG exports none have gone ahead because of regulatory delays, competition from the U.S., natives and environmental opposition. The Douglas Channel LNG project, led by AltaGas stopped last month and Royal Dutch Shell has delayed it's final investment on the proposed terminal near Kitimat.
For some reason certain newspapers see no reason to inform the public of these terrible decisions that adversely effect our economy.
Have you told Ottawa why you support LNG in Canada or do we just close shop and move to Quebec for social assistance?
Paul McCaughan
Prince George
