As Premier Christy Clark downplays the impacts to BC as Russia and China sign a 400-billion dollar LNG deal, the Green Party’s lone MLA says it is a nail in the coffin of BC’s LNG plans.
Andrew Weaver says the deal throws a massive roadblock in front of Premier Christy Clark’s LNG plans.
“It is pretty clear to me this is if not a nail in the coffin it is certainly troubling for the proposed LNG industry in BC. We are way behind. We have to liquify it Russia just has to pipe it. Russia has about twenty times the Natural Gas than all of Canada combined. It is a lot closer to China. To think we somehow have this niche market in there is a little unreasonable.”
Weaver says the Premier’s LNG “pipedream” fails to factor in not only Russia but “Then the next question comes in okay well we have got Australia, very close to China, producing vast quanitities of Natural Gas particularily from the Queensland fields, which are coming onstream. The US has about three times the Natural Gas supply of all of Canada combined and they are ready to go on LNG particularily with the widening of the Panama canal.”
Weaver says the BC Government has gone all in on what he calls a “hail mary” LNG scheme.
“We are way behind. To think that somehow we are going to have 100,000 jobs, a $100 billion prosperity fund, no PST, a thriving health care, and education sectors, and a trillion dollar hit to our GDP on an industry that may or may not happen. It is bad governance. It is bad policy and it is bad economics. The uncertainty is huge.”
Weaver says the province has no back up plan and it better get cracking on putting one together.