B.C.’s LNG Industry a Chance, Not a Windfall

The Vancouver Sun reports that in a speech read this week by Lieutenant Governor Judy Guichon before the British Columbia (B.C.) legislature’s special session, B.C.’s nascent LNG industry was characterized as “a chance — not a windfall,” and no mention was made of Premier Christy Clark’s past “election promises for a $1-trillion economic windfall from LNG that would fill a $100-billion prosperity fund, wipe out B.C.’s $60-billion debt and create as many as 100,000 jobs.”  The article also reports that Petronas CEO Shamsul Azhar Abbas said in a statement Monday that “[i]n order to remain competitive, Petronas needs to secure consensus [from the B.C. government] on key principles vital to the success of [Petronas’s proposed Pacific NorthWest LNG] project by the end of October.”

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