“The undeniable truth is that British Columbians have been sold a bill of goods that is not based in reality. In an election where the government was set to fall, a Hail Mary pass was thrown. It was packaged in a message of hope and opportunity, so compelling it couldn’t be ignored: 100,000 jobs; $1 trillion dollars to the GDP; a $100 billion prosperity fund; the elimination of our provincial deficit; thriving hospitals and schools. And the end of our provincial sales tax.
“As we all know, that pass was caught and we now have a government that is trying to deliver on its political promises — whatever the cost and whatever the risk to our province.
“The problem is, the economics simply aren’t there to support an LNG industry on the scale of what was promised…
“We have seen Talisman sell its assets in BC, we’ve witnessed Apache pull out of Kitimat LNG and just this week we saw Petronas threaten to pull out of the Pacific NorthWest LNG project.
“…If we are to speak of leadership, as the Throne Speech does, then we cannot ignore one of the most essential qualities of any leader: Having the courage to be honest. Honest with British Columbians about the risks and consequences of government decisions, and honest about the reckless hype of government promises.
“Unfortunately, as the economics underpinning the government’s LNG promises continue to crumble, that courage—that leadership—is absent. And it is British Columbians who will ultimately pay the price.
“Petronas’ announcement this week is perhaps the best example of this. The announcement makes it clear that the only way we will land this industry is if we agree to their demands of lower taxes and minimal regulations. It is truly shocking to see a state-owned company try to pressure our government to give away our natural gas resources. Even more worrisome is to know that the real negotiations are all occurring behind closed doors. We will only know what has been given away as a cost of landing this political promise when it is too late to change course.
“Yet, the government’s gamble goes further than this. While our government doubles down on LNG, it is leaving other industries by the wayside. Our film industry, our high tech industry, our tourism and our forestry and fishing industries, are all being ignored by a government that is dead-set on its LNG ambitions.
“The fact is, this government has no back-up plan. We have staked our jobs, our health care, our education, our debt repayment and so much more, all on the gamble of an LNG windfall…
“Our challenges are too big, and the consequences too profound, to ignore the evidence. We need a new vision for B.C.—one that begins with true leadership—leadership that is grounded on the courage to be honest with British Columbians, to recognize our overzealous promises and to move forward responsibly…”