IT'S NOT a sure thing, but no longer is it just a pipe dream. And wasn't that a broad smile on Christy Clark's face as federal Environment Minister Catherine McKenna was announcing conditional approval for the giant Pacific Northwest Liquefied Natural Gas project?
It's the centre piece of Clark's promise to launch a new industry in B.C. ...one that will create new jobs, and billions of dollars in investment, and now a testament to her enduring optimism that this day would come.
They tell us the science is there, the greenhouse emissions have been cut, and there will be ongoing monitoring that will involve First Nations.
It will be a chore now for the NDP, and the other naysayers to write this off as mere political fantasy.
But before proponents party into the night, even the Premier concedes this is not a slam dunk. There is the small matter of 190 conditions the consortium looking to build the project must embrace, and the bigger matter of a final investment decision by major partner Petronas who will no doubt now be looking to cut project costs given the poor markets for natural gas.
Of course the environmental groups had their talking points ready in anticipation of the approval expressing their dismay, and the minority of First Nations who oppose the project promising more legal roadblocks. On the other hand, business and industry see the approval as an important signal that when it comes to resources, Canada and B.C. are still open for business.
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Grouchy 1 says:
September 29, 2016 09:26am
Pierre Filisetti says:
September 29, 2016 07:58am
You cannot call resources (gas, oil, minerals, lumber) development/extraction a new industry.
And do not forget the trade-off for the investment (if it will ever happen) is they will get the gas virtually free. Economic development in the 21st century is sure not about continuing the simplistic and questionable patterns of the past.
But above all you need to start preaching austerity and frugality.