Can't miss the main message in this story: Christy Clark must mark down the cost of BC's LNG, or the Asian market won't be there, the companies hoping to produce LNG in BC won't sink the capital in, and her promises to deliver the pot'o'gold in time for the election in 2017 go pffft.
Wow! This'll mollify an unhappy natural gas industry. Unhappy? How could they not be: hundreds of millions of dollars invested in BC natural gas, prices utterly collapsed, and nowhere to sell all this gas. If LNG doesn't fly, more than a few jobs and executive bonuses are on the line.
Twelve years of the Liberal government and Powerex/BC Hydro officials claiming that Powerex did no wrong.
Well, that was one of the thinnest throne speeches in my memory (which admittedly is getting thinner too).
Dogwood Initiative, 26 Oct 2012
Dogwood Initiative, 24 Oct 2012
Dogwood Initiative, 23Oct2012
Dogwood Initiative, 15Oct2012
Dogwood Initiative, 12Oct2012
Dogwood Initiative, 18Sep2012
Natives question pipeline ownership Vancouver Sun, Canadian Press. Hana Boye, who represents the Haisla band which claims much of the pipeline's route as its traditional territory, queried Enbridge officials at the Joint Review Panel hearing yesterday on who put up money for ten $10-million option agreements that could guarantee their holders space in the pipeline and a share of its ownership. Enbridge VP John Fisher conceded the Chinese state-owned oil company Sinopec owns one of the $10-million units but some of the unit owners cannot be divulged due to confidentiality agreements.
David Black’s proposal to build a refinery in Kitimat isn’t quite complete vapourware, in terms of the viability of the idea. But it’s pretty close to it – and the nattering online and in offices following Black's announcement has quickly pointed out its more obvious shortcomings.
Dogwood Initiative, 07Aug2012
Rick Koechl and Mike Kroecher make an interesting financial case for using natural gas to generate electricity, but I fear they are too close to the thing they are looking at to get it in perspective. Back to that in a moment.
Dogwood Initiative, 03Aug2012
Dogwood Initiative, July 26 2012
Dogwood Initiative, July 24 2012
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Dogwood Initiative, 12Jul2012
Dogwood Initiative, 10Jul2012
Alberta's pipelines are springing leaks on almost a weekly basis now. The province has given the oil, gas, and pipeline industry an easy ride for decades, and the combination of years, sheer number of pipes and the lax oversight is making itself evident.