The cost of regulatory delay imposed upon LNG investments in B.C. could reach C$24.8 billion per year by 2025.
liquefied natural gas
The regulatory approval process for Pacific NorthWest LNG has taken more than 750 days and counting.
Transporting oil by pipeline may actually lower greenhouse gas emissions.
B.C.’s LNG industry has the potential to supply 11 to 20 per cent of the Asia-Pacific LNG market by 2020.
Last summer, I wrote that the Supreme Court’s Tsilhqot’in decision, which for the first time granted Aboriginal title outside an Indian reserve, was going to be a real game changer and would “increase uncertainty in Canada’s natural resource sectors in areas lacking treaties with First Nations.”
A pair of petroleum-related events in Canada has re-invigorated the public debate over the movement of petrochemicals such as oil and liquefied natural gas.