Written by Grant G
Christy Clark and big media keep splashing around the number $36 billion dollars, that is for spin purposes, Petronas has not committed to spend $36 billion in BC...Petronas`s commitment to BC spending is a mere $2 to $3 billion dollars.
Every big media outlet in Canada are deliberately and with malice lying about the Petronas investment in British Columbia, ...Petronas`s LELU island proposed project is a mere $11 billion dollars ....$8 billion dollars worth of this investment is $dollars that will be spent overseas..
Lazy Michael Smyth and Vaughn Palmer are complicit in repeating these investment $dollar lies, in fact they have gone even further in their lies, Vaughn Palmer, fresh with BC Liberal talking points is claiming in his July 13th article in the Vancouver Sun that Petronas will "be spending $46 billion dollars Canadian"..As the $36 billion dollar investment figure is in American greenback dollars.
Hey Vaughn Palmer,you lazy good for nothing media hack...
Hey Vaughn Palmer...Further down in this posting is an article from Brent Jang of the Globe and Mail where he actually reports the truth about Petronas`s proposed investment, the dollar number is a mere $11 billion with $8 billion dollars plus being spent in Asia....Money spent in a foreign country that we, the Canadian taxpayer will have to write-off..Petronas has not promised to spend big dollars in BC...Petronas has mused that after this first phase of LNG in Prince Rupert they may, possibly, perhaps add more LNG trains in the future...But even so, that possible future investment by Petronas will not be dollars spent in British Columbia those $dollars will be spent in South Korea and China...B.C. and Canada merely get the luxury of writing off those foreign spent dollars against Canadian owed income taxes, ....Hey Vaughn Palmer
Hey Vaughn Palmer..Why not write an article explaining to British Columbian and Canadian taxpayers that we will be writing off possibly $40 billion American dollars spent in South Korea and China...You can`t do it Vaughn Palmer, no courage eh?...Your media masters only allow you to spin the corporate lie..
You see Vaughn, I and most BCers have no problem in you reporting the real facts..But when you with malice deliberately lie, when you know the truth, and still write lies, it sickens me...How can you do that, morally?..
Why can`t you write something like this Vaughn Palmer...(Hypothetical Vaughn Palmer article)
Vaughn Palmer(LNG investment facts) ...The company Petronas is proposing a LNG liquefaction plant for Prince Rupert, this first phase of Petronas`s project has a price tag of $11 billion dollars, that`s a big number but before local manufacturers jump for joy they should be informed that over $8 billion dollars of that investment will take place in South Korea, China and Japan...Very little will be procured in BritishColumbia..
Percentage wise, if even $100 billion dollars worth of LNG plants were built(assembled) in British Columbia using the same procurement strategy the total amount of $dollars spent in British Columbia wouldn`t even be $20 billion dollars...And though a new industry is welcome, at least in the BC Liberal Government`s perspective it is not honest, or truthful, or factual to report out giant investment dollar figures without informing the public that the bulk of this money is being spent overseas and we the public merely get the privilege of writing off those foreign spent dollars against Canadian owed taxes....
Read the below information Vaughn, read it twice, three times even, do you see $36 billion there, anywhere?, ...No, what you see is 80% of Petronas`s investment dollars are to be spent in another country..
You Vaughn Palmer, and Michael Smyth haven`t got the balls to write the truth, no courage, no morals, no journalistic ethics, ....Beholden to the corporation, beholden to corporate controlled media, beholden to repeating BC Liberal lies like they were the gospel truth..
Petronas wants engineering work for B.C. LNG venture to be shifted offshore
VANCOUVER — The Globe and MailPublished
Petronas plans to push contractors to shift more engineering work for a proposed B.C. liquefied natural gas venture to lower-cost centres offshore as the Malaysian energy giant squeezes suppliers.
Of the total $11.4-billion in estimated construction costs for the Petronas-led Pacific NorthWest LNG export terminal at Lelu Island, there would be $8-billion worth of imported goods and services spread over a five-year period.
It is in that international component where Petronas hopes to find the bulk of cost savings, but the state-owned company will cast a wide net abroad and in Canada, including having TransCanada Corp. re-examine ways to make its proposed $5-billion natural gas pipeline project more efficient.