What an exciting few months it's been in the fight against liquefied natural gas (LNG). Two massive projects at the mouth of the Skeena River have been scrapped thanks to shoddy economics and fierce opposition.
CALGARY — The partners developing the $28-billion Aurora LNG project pulled the plug on the project Thursday after four years of examination, dealing another setback for B.C.’s liquefied natural gas export industry.
Nexen Energy, a Calgary-based subsidiary of Chinese oil giant CNOOC Ltd., said it has decided with Japanese partner INPEX Gas British Columbia Ltd. to stop work on a feasibility study on the proposal.
British Columbians should not be lamenting Petronas’ decision to pull its Pacific Northwest Liquified Natural Gas proposal. Instead, they should be celebrating the demise of a project built on bad economics, climate change denial and wishful thinking.
A few pundits have told the Petronas story as a tragedy. Some are blaming the new NDP government, others their B.C. Liberal predecessors for not moving faster to land a deal.
This week, just seven days after B.C. Premier John Horgan and his NDP cabinet were sworn in, global energy heavyweight Petroliam Nasional Bhd killed its mega-project Pacific NorthWest LNG, citing poor market conditions.
July 25, 2017, CALGARY – Pacific NorthWest LNG, a $36-billion export project once touted as the largest potential investment in British Columbia’s history, will not be built amid an “extremely challenging environment,” according to its key investor.
VANCOUVER – Coming on the heels of an investigation that revealed fossil fuel companies have built dozens of unauthorized dams in BC’s northeast, the Canadian Centre for Policy Alternatives has released a study drawing attention to larger problems with water management practices in that region.
