Category: LNG

Stakes high, LNG bets unsafe

Today Pacific Northwest LNG announced what has been obvious for a considerable time. Unless the provincial government was prepared to guarantee profits and underwrite losses, the project was not proceeding. The writing was on the wall when this In-Sights article was published in 2014.

Circular flow of income

Economists write papers on the circular flow of income but they don’t include the flow between politicians, businesses and the public treasury. In BC, it is commonplace. If you are an observer grown cynical – like the writer – you may wonder what secret benefits are to be found in the circular flow of income between Government, the governing party of British Columbia from 2001 to 2017 and the companies they purport to regulate.   

Empress’ new clothes

Before BC’s last provincial election, the governing party was trailing in the polls, still suffering from the HST fiasco, their failed effort to shift sales tax burdens from businesses to individuals. Premier Clark’s handlers decided to weave her a new set of clothes. When first shown to the public, oblivious cheerleaders in the corporate media rose in unison to applaud. Like the child in Hans Christian Andersen’s story, alternative media revealed the truth.

Behind the ostensible government

Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to dissolve the unholy alliance between corrupt business and corrupt politics, is the first task of the statesmanship of the day.

Duped by fossil fuel barons

The following excerpts are from a piece in DeSmog Blog. It is written by Martyn Brown, an articulate commentator on public affairs and, years ago, Premier Gordon Campbell’s Chief of Staff. The linked piece is the fourth of four parts about B.C.’s climate action plan. The entire series is worth the time of anyone seeking a more complete understanding of the intended and unintended directions of BC’s current energy policies. It is excellent work.

Time to end complicity with swindlers

If members of the BC Legislature value ethical standards in business, they must revoke the LNG Project Agreements Act, the enabling act passed for Malaysian National Oil Company Inc.(PETRONAS). That company’s senior management answers directly to Malaysian Prime Minister Najib Razak, who is implicated by the FBI in misappropriations of more than $3 billion.

If facts awkward, invent new ones

Spin doctors understand that statements should be given with certainty in places where they won’t be tested for accuracy. The corporate press is one of those places. In words of Jonathan Swift: “Falsehood flies, and truth comes limping after it, so that when men come to be undeceived, it is too late; the jest is over, and the tale hath had its effect.” However, I’m always willing to test the words of a person who intends to mislead.

LNG boom gone bust

Christy Clark and her crew spent more than a billion dollars through the Ministry of Natural Gas Development, gave away billions more in gas industry subsidies and promised low or no taxes, taxpayer-paid infrastructure and subsidized electricity; all in the hope of creating an LNG industry that had a competitive disadvantage from the start. Critics like the one you’re reading knew LNG wealth promises were hollow but this Government decided to continue wasting vast sums to avoid admitting failures from incompetence and poor judgement. They will claim bad luck and unforeseeable circumstances; knowledgeable people will know differently.

Did you hear the one about…

According to Ms. Clark, LNG producers have already spent $20 billion without having made a decision to build and having no buyers for the gas – $20 billion can buy a lot of lunches.

If this was real money imagine what could be done investing in green technology – creating meaningful, well-paid jobs, and having clean air.

LNG fantasy falters

In an oversupplied market, many LNG projects will struggle to secure buyers. Even if heavily subsidized projects move forward, LNG supply would hit the market at a bad time. Research predicts that the market will remain oversupplied…

Government based on lies

In 2001, BC voters were treated to a comprehensive set of lies. In 2005, promises were made for 400,000 new energy jobs. In 2013, Liberals claimed a trillion dollars of economic activity would result in as much as $260 billion of government revenues and a debt free province.

"Throw him some work"

…easily-influenced voters in BC opted for Christy’s Clark more economically pleasing vision of the future. But it was phoney baloney, conjured up in a three-week period in a “rush assignment” given to Assistant Deputy Minister of Finance Doug Foster by Clark’s newly-hired communications director Ben Chin, formerly a CBC TV news anchor in Ontario and after running for the provincial Liberals there—and losing—he became VP of Communications with the Ontario Power Authority. In that job he infamously advised an OPA official—who was troubled by critical media reports—to “throw him some work” to get a particular journalist onside. “It would be a good score,” Chin said.