Geez! I was counting on it! Riches beyond our wildest dreams! Enough to retire ALL of BC’s debt; lower taxes; adequately fund health care, education …and maybe even BC Ferries!
After all, the Premier wouldn’t lie to us, would she?
It wasn’t that long ago, just BEFORE the 2013 that Premier Christy Clark told us there would be THREE Liquified Natural Gas plants up and running in BC by 2020…. the first one in 2015.
“The money is going to start coming in 2017, and we’re going to have three plants up and running by 2020, the first one by 2015,” she said Feb. 13, 2013.
“Our goal is a debt-free B.C. and we intend to reach our goal 15 years from today,” Clark said in April, 2013.
REALLY BAD assessment? Or DOWNRIGHT LIES?
Politically … all that mattered was it helped Clark and the Liberals win the May 2013 provincial election.
Some will see that as disgraceful, even disgusting; others may look for reasons or excuses.
After all, circumstances can change; world markets can shift; negotiations can take time; planning can be more complex than originally expected; and construction can face delays.
But now, there are increasing signs and analyses that it could be GENERATIONS before BC starts getting showered with dollars from flowing LNG … if ever at all.
In January, The Tyee carried an eye-opening exposee outlining how far behind B.C.’s LNG pipe dream has fallen … and worse, quoted Jim Roy, a former royalty adviser to the Alberta government as concluding BC’s plans are NOT VIABLE at current prices and proposed tax/royalties would actually constitute a SUBSIDY to the industry.
You can read the entire article here:http://thetyee.ca/News/2015/01/15/Gas-Prices-BC-LNG/
But that was not all.
Just a week ago, CBC.CA carried another article, quoting another expert economic analyst, Kenneth Medlock, as saying “The ship has already sailed in the global race to export liquefied natural gas to Asia, according to U.S. energy economist Kenneth Medlock — and Canada has missed it.”
“We don’t see any LNG exports from Canada until almost 2040,” he said in an interview.
You can read that entire article here:http://www.cbc.ca/news/business/lng-exports-from-canada-a-distant-prospect-analyst-says-1.2978953
And NEITHER of these experts, from anything I’ve seen, can remotely be described as NDP plants or even sympathizers.
Just keeping it real!
BC’s pipe dream certainly appears to have sprung some pretty large leaks.
And what has been coming out are not the jobs and the riches we were promised SO SOON by the Premier and the government … but mostly HOT AIR.
MAYBE some bucks …not the promised fortune … and MAYBE in 20 to 40 years … not flowing this year …. and only MAYBE in the future.
Or in politics … long enough to allow another FIVE to TEN elections of repeated pipe dream promises!