Lower long-term prices for oil and natural gas will reduce the value of its assets.
Even with $40 billion LNG export terminal at Kitimat, Horgan claims government would still meet its emissions reduction targets.
Sohi says government has a responsibility to reduce Canada’s dependency on the US for oil and gas.
$40-billion joint venture that includes a gas liquefaction plant in Kitimat.
Announcement could mean further delay development of LNG Canada.
JV partners had expected Triton to export about 2.3 million tonnes of LNG a year to Asia.
Unifor wants Rio Tinto to address “unacceptable” working conditions at BC smelter.
670-kilometre pipeline would bring natural gas from northeastern BC to an export facility on the central coast.
LNG Canada will be allowed to export up to 1,494-billion cubic metres of liquefied natural gas from Kitimat, BC terminal.
Facility would initially consist of two processing units, each with the capacity to produce 6.5 million tonnes of LNG annually.
Wants to formalize moratorium on tanker traffic in northern BC to protect marine coastal areas and boost international trade.
Union says project will increase SO2 emissions from to 42 tonnes per day.
BC Natural Gas Minister Rich Coleman said deal will strengthen the Kitimat LNG project.
LNG Canada joint-venture says its Kitimat export facility would produce up to $39 billion in tax revenues over its lifespan.
Alberta premier identifies Northern Gateway and BC’s Kitimat tanker port as keys to lucrative oil export markets.