The BC government is hosting its third international Liquefied Natural Gas conference on Wednesday in downtown Vancouver, but there is still no word on a start date for operations.
Premier Christy Clark is talking up B.C.’s foray into the LNG market.
If it goes to plan, it will return $9 billion in the first 10 years.
Clark says foreign investors see a profit to be made here.
“I look at it and I see a way to create thousands of good jobs for the people here, I see a way to create the revenue that we need to support the social programs, hospitals and schools.”
Southeast Asia has been touted as a potential LNG market, but recent economic numbers show a lack of demand has seen a more than 70-per-cent drop in prices there since last year.
Premier also talks housing
Speaking to reporters after her speech, Clark was asked about real estate.
She ruled out any plan that could reduce equity for homeowners in their property, while promising a plan is being worked on to help new homebuyers get into the market.
This comes as debate over how to fix Vancouver’s housing affordability crisis continues to gain momentum, amid speculation over who is to blame for it.
“I think there are good answers, and we’ll be talking about that in the next little few months,” Clark says.
In June, the premier rejected a call by Mayor Gregor Robertson to amend taxes to dampen housing market speculation.