LNG - Fracking

CALGARY • Malaysia’s Petronas is frustrated that Prime Minister Justin Trudeau’s climate-change priorities are introducing new uncertainty for its proposed $36 billion Pacific NorthWest LNG project in northern British Columbia and has threatened to walk away if it doesn’t get federal approval by March 31, according to a source close to the project.

Companies are wiggling out of money-losing contracts to buy electricity from coal-fired power plants in Alberta as a result of the province’s new climate change policies, leaving a provincial agency to honour the agreements

Cartoon by Greg Perry.

Three things don't add up in the British Columbia budget when it comes to declining revenues from the battered shale gas industry and its non-existent cousin, the province's liquefied natural gas fantasy.

The first concerns revenue. Premier Christy Clark promised in 2013 that profits from the LNG industry would pour like manna into a $100-billion provincial prosperity fund.

From left, Tom Sampson of the Tsartlip Nation speaks at a news conference with Tsartlip Chief Don Tom, Pauquachin Chief Rebecca David and Tsawout Chief Harvey Underwood, who vowed to fight an LNG plan by the neighbouring Malahat First Nation.   Photograph By DARREN STONE 

The Saanich Peninsula First Nations are promising a battle on the land, the sea and in the courtroom if Steelhead LNG plans to go ahead with a liquefied natural gas plant on the former Bamberton development lands.

[Wepage editor's note]: 

This column summarizes the negative prospects for the industry in the wake of AltaGas cancelling the Douglas Channel LNG project.

Feb 25, 2016 - AltaGas announced today that the Douglas Channel LNG consortium has decided to halt project development. 

AltaGas says the decision is based on "adverse economic conditions and worsening global energy price levels." 

The Douglas Channel LNG project site was planned near Kitimat, on the north coast of British Columbia, and had been targeted to commence LNG exports in 2018.

We saw the delegates hugging each other as they walked out of the COP21 climate change talks in Paris back in December — but we had no idea what the agreement they reached meant for Canada.

Now we do. And it turns out Saskatchewan Premier Brad Wall was quite right to be anxious about the future of our fossil fuel industry and Alberta Premier Rachel Notley may have been quite wrong in her assertion that Alberta will prosper — if she was talking about the oil and gas industry, at any rate.

​The pink salmon runs in Aniva Bay, once among the largest in the world, collapsed after Shell built its LNG facility on the Russian island of Sakhalin in the late '90s.

A trio of Russian scientists and a noted conservationist are in the midst of a B.C. tour cautioning against building the proposed Pacific NorthWest LNG facility on Lelu Island near Prince Rupert because of its potential impact to salmon.

The team comes from Sakhalin Island, the only place in the world with an liquefied natural gas facility operating in a wild salmon estuary, according to a press release.