BC’s finance minister is downplaying some bad news on his government’s favourite file, the loss of a major player in the still-unborn liquid natural gas industry.
Mike de Jong says Apache’s withdrawal from the Kitimat LNG project is no surprise in a busy start-up industry with a host of players.
“We’ll probably see some, some more of that.”
But what about the Liberal’s election pledge last year to eliminate the provincial debt with a 100 billion dollar LNG prosperity fund?
De Jong makes no apologies.
“The fact that we as an organization and the Premier as the leader of government are saying we want to reduce the debt that burdens British Columbians, I think is entirely appropriate.”
Still for all the proposals on the drawing board not one company has so far committed to building an LNG plant in BC.