Saturday, February 27, 2016

The Malahat LNG Story....Game Over...The Wisdom of Doug White

MALAHAT LNG PROPOSAL RAISES PRE-CONFEDERATION TREATY RIGHTS AND CONSENT CONCERNS


Written by Doug White 

The Malahat First Nation and its partner Steelhead LNG announced on August 20th, 2015, a proposal to build a floating liquefied natural gas plant in Saanich Inlet at Bamberton along with an underwater supply pipeline across the Salish Sea that would cross both American and Canadian waters. Steelhead LNG has also been working toward another major LNG project with the Huu-ay-aht First Nation on the west coast of Vancouver Island at Sarita Bay on the waters of Barclay Sound and toward the entrance to Alberni Inlet. Just weeks after the Malahat LNG announcement, on October 3, 2015, the National Energy Board approved a 25-year licence for the annual export of up to six million tonnes of LNG from the Malahat LNG project.



Based on reported negative reactions from within the Malahat First Nation itself and from neighbouring First Nations, it became immediately clear that the Malahat First Nation had not engaged with or secured consent from them. Further, the NEB export licences were apparently issued without any notice or engagement with First Nations around Saanich Inlet. The proposal raises serious questions about the Pre-Confederation Treaty rights of the respective First Nations and the duty to secure consent for proposals that would interfere with those rights.

For over a century First Nations have watched with little say over land use decisions and the location of major projects that have had major impacts on their territories, rights and way of life. However, at the outset of the relationship between settlers and Indigenous Peoples on Vancouver Island, a very different relationship was created through the 14 Pre-Confederation Treaties commonly referred to as Douglas Treaties. These Treaties, and the legal principles and understandings that arose out of them starting in the early 1960s, granted recognition and respect of the Aboriginal Title interest to village sites and protection for the Indigenous way of life including hunting and fishing. Regarding the Treaties impact on provincial Crown jurisdiction, from White and Bob (SCC 1965) through Morris and Olsen (2006), it has been made clear to the provincial Crown that their jurisdiction and authority is limited and ousted by the need to protect the continuity of the rights set out in the Treaties. The federal government, for its part, must respect and uphold the treaty rights, is constrained by a fiduciary duty to safeguard the treaty protected rights, as well as a duty to diligently pursue the fulfillment of its constitutional obligations. Similar rights exist on the American side of the Salish Sea through the Stevens Treaties which led to the famous Boldt decision from the 1970s where the federal government sued the state government of Washington to uphold and protect the treaty rights to fish of their Indigenous treaty partners.......


Premier Christy Clark remains committed to LNG, notwithstanding the total collapse of global energy economics over the past year and a half. She has built her government’s political and economic agenda around its success and has encouraged a gold rush mentality and speculative approach to LNG development across the province.

 However, oil was valued well over $100/barrel in the summer of 2014 and in recent months it has been below $30/barrel and the price of much of the LNG market is indexed to the price of oil so this sudden drastic drop severely challenges LNG economics and its enormous capital costs for building plants and pipelines.

Steelhead LNG says it remains on track for the Bamberton LNG project and is continuing to pursue it. The Malahat First Nation has gone through a change in government after the resignation of former Chief Michael Harry. The new government, led by Chief Caroline Harry, recently dismissed the trustees of their Malahat Investment Corporation along with the First Nation’s chief executive officer, chief legal officer and chief financial officer.


While economic and political dynamics appear to be deeply unsettled around this proposal, what is clear in all of this is the need to approach decision making about the use of the lands and waters around the Salish Sea in ways that are consistent with the Treaty Rights and Aboriginal Title of the Indigenous Peoples that have called it home for millennia.


Doug White is an elected Councillor in Snuneymuxw First Nation, Director for Pre-Confederation Treaties and Reconciliation at Vancouver Island University.

 http://www.saanichinlet.net/blog/2016/2/27/doug-white-the-malahat-lng-story
_________________________

Who is Doug White?
  

DOUGLAS S. WHITE, B.A., J.D., is a member and former Chief of the Snuneymuxw First Nation in Nanaimo, BC. His Coast Salish name is Kwul’a’sul’tun and his Nuu-chah-nulth name is Tlii’shin. After completing his B.A. in First Nations Studies (with distinction) from Malaspina University-College, he graduated from the Faculty of Law at the University of Victoria in 2006. He was called to the Bar of British Columbia in January 2008. He has been a director of the Indigenous Bar Association of Canada and an associate lawyer at Mandell Pinder. He was the elected Chief of the Snuneymuxw First Nation from December 2009 to February 2014 where a major focus of his work was in relation to the implementation of the Snuneymuxw Treaty of 1854. From June of 2010 to June 2013, he was elected by Chiefs of British Columbia to lead the First Nations Summit as a member of the FNS Task Group.

 In that capacity, he advocated for First Nations seeking resolution of outstanding issues with the Crown. In that role, he was also a member of the BC First Nations Leadership Council working on common issues with BC First Nations, particularly the Crown’s duty to consult and accommodate, and advocated on their behalf with the governments of British Columbia, Canada and internationally at the United Nations. He is currently the Director of the Centre for Pre-Confederation Treaties and Reconciliation at Vancouver Island University and practices as a lawyer and negotiator across the country for First Nations governments. He lectures frequently at universities on Indigenous legal issues. 
_________________




Please go read the entire article.....


The Straight Goods

Cheers Eyes Wide Open


Thursday, February 25, 2016

British Columbia LNG Dies, Drip By Drip The LNG Fantasy Fades To Black

British Columbia LNG Spinfest Continues...AltaCorp and AltaGas Edition







February 25th/2016...Well well well......This article was originally posted on January 10th/2016.....Enjoy the re-read (Grant G)

In light of this breaking article posted in the Vancouver Sun...

 http://www.vancouversun.com/business/natural-gas/altagas+calls+halt+kitimat+project/11743911/story.html?__lsa=dcc5-8fa0


British Columbia LNG Spinfest Continues...AltaCorp and AltaGas Edition

Written By Grant

Here we go again.....I have written on many occasions ....Every time when bad news on the LNG front rears it`s ugly head out comes LNG spin articles from the BC Liberal spindoctors....We had a waste of words article from the British Columbia Oil and Gas commission about how they granted LNG Canada(Shell) a "key permit"....Then we had the energy industry captive regulator, also know as the NEB story about how they granted a 40 year export license....
We already beat those dead horse articles into the ground in this posting.

I wonder if this EXTRA LNG hype and spinning has to do with the upcoming February 2nd/2016 bi-elections......Or perhaps the world LNG picture is so bad the BC Liberals had to summon up a third spinfest?.....This latest spinfest article was front page news in the Vancouver Sun and The Province Newspaper...
And like the first two lame spinners, this one is just as bad....The latest LNG hyper is courtesy AltaCorp Capital...

Who is AltaCorp Capital?..They are a lending institution..An investment firm...AltaCorp Capital lends money to entities with the ability to pay them back..With big interest charges and balloon payments...So why would AltaCorp Capital of Alberta weigh in on British Columbia`s flailing LNG industry...?

Because the BC Liberals asked them to do it..



And you gotta love the title of their article..

2016 COULD be the year west coast LNG projects proceed despite depressed prices

That`s a hell of a headline, my favorite word in their title is "could"

What the hell does that mean?...

It means nothing....and if I`m not mistaken...Hasn`t AltaCorp Capital made other LNG predictions....I believe they have...Where did we read something about AltaCorp before..

Ah...I remember...AltaGas..One of Christy Clark`s sponsors for the ill fated Burrard bridge yoga event..you know, the BIG STRETCH..



Well I read an article about AltaGas....Here is a direct quote from it

"We continue to work with our partners at the DCL consortium to progress our LNG export plans pending resolution of the import duty on the barge."

Interesting don`t you think...AltaGas is wanting the import tax removed, what`s that all about...well, AltaGas is part of the Douglas Channel LNG proposal in Kitimat..But, the entire project is cited as..."a $500 million dollar project"...How come so cheap, how come it`s not $46 billion or $59 billion to build...Well, it`s a floating liquefaction barge, it`s being made in South Korea..They will merely barge it here and hook it up to a LNG pipeline...And gollee andy..They don`t even want to pay the Canadian import fee..
Not surprising..
Oh...That quote, that statement from AltaGas came at a investors meeting, as in the minutes of the meeting.



And that`s all they said about their LNG proposal for Kitimat..Pretty thin gruel for sure...
But...AltaCorp Capital had something to say about that project..
Here is what AltaCorp Capital said about AltaGas`s Kitimat proposal in September 2015.....(below was part of this Straight Goods article posted September 14th/2015) http://powellriverpersuader.blogspot.ca/2015/09/altacorp-capital-shines-up-their.html

I wrote on September 14/2015 
___________

In that latest LNG spinfest AltaCorp Capital has bumped Petronas proposed Prince Rupert project back up to a $36 billion dollar price tag....!!!!..And I quote...

"
That timeline, and AltaCorp`s prediction, Douglas channel would be the first LNG project to be built in the province-Leapfrogging Petronas larger $36 billion Pacific Northwest project"

So here we go again, Petronas`s proposed project jumps from $11.2 billion..$11.4 billion..to $36 billion to $46 billion Canadian and now back to $36 billion....It`s enough to make one dizzy, these spindoctors at AltaCorp Capital, in their Financial Post special report article(reposted in today`s The Province newspaper) must have forgot that Petronas`s proposed estimate was just last week in the Financial Post article was cited as a $11.4 billion dollar price tag....So, AltaCorp Capital, in their just released special report have made a $25 billion dollar error...And we are just getting started...Next I breakdown the spin line by line...

In that AltaCorp Capital report...
Calgary-A new report "dissents" from bearish predictions that no LNG terminals will be built on Canada`s West Coast, and instead says four natural gas export facilities will be greenlighted in the coming years.

The report by AltaCorp Capital, released Monday, predicts that AltaGas LTD. Shell Canada LTD, Exxon Moibile Corp and Petronas, will build massive facilities to super cool natural gas for export from B.C. Coast in the coming years, although not in the order that many industry observers have come to expect.

"while this may appear to be hopelessly optimistic, we would argue that the smaller Douglas Channel LNG project is on track for a positive(final investment decision) by the end of 2015, AltaCorp Capital analysts said,  

 __________

Did you read that?...
Appear...We would argue....hopelessly optimistic....A report by AltaCorp Capital...Talk about weasel words...This is a lender, not an energy company, it`s hooey and it gets much worse..Executives at AltaGas, which is leading the $500-million Douglas Channel proposal, have previously defied predictions that no liquefied natural gas terminals would be built in B.C. and recently said the company’s facility would be complete by 2018.

That timeline, and AltaCorp.’s predictions, would mean that Douglas Channel would be the first LNG project to be built in the province – leapfrogging Petronas’ larger $36-billion Pacific Northwest LNG project.

________

Now...AltaGas`s proposal, remember AltaGas...They were a major sponsor of Christy Clark`s failed Burrard bridge yoga-fest...

AltaGas`s proposal
($500 million) is not for a big LNG on-land terminal, thus the price, AltaGas`s proposal is for a floating LNG vessel, built overseas, little to no construction work, they merely need a land compressor, secure moorings and access to a natural gas pipeline, thus the small price-tag..
AltaGas`s  LNG Proposal is this...

"The LNG project will be developed in two phases. The first phase will consist of floating liquefaction facilities with the capacity to receive 110 Mmcfd of gas.
In the second phase of the LNG project, the joint venture plans to increase the gas export capacity of the project up to 1 Bcfd.
The parties involved in the LNG project are: AltaGas, Idemitsu Kosan of Japan, Exmar of Belgium, and French company EDF Trading."

 http://www.lngworldnews.com/altagas-files-for-lng-export-permit-with-neb/

____


AltaCorp`s second major faux pas...AltaGas LTD
is NOT PROPOSING A TERMINAL..They are proposing a floating facility that will be built entirely overseas... Then the AltaCorp Capital spin deflector gets really thick.

________

AltaCorp. now expects Pacific Northwest(Petronas), “the project that looked like it would proceed first,” to be built sometime after Douglas Channel and after Shell Canada Ltd.’s massive LNG Canada project, which would be built at a cost widely estimated between $25 billion and $40 billion.

The report cites a “preponderance of evidencesuggesting that Shell will decide in the first half of next year(2016) to build its massive project. Neither Shell nor AltaGas responded to requests for comment on construction timelines. Exxon’s Canadian subsidiary, Imperial Oil Ltd., did not immediately respond to a request for comment.

_______


Do you see the deflector spin...EXPECTS......TO BE BUILT AFTER.......A PREPONDERANCE OF EVIDENCE...SUGGESTING...Shell and ALTAGAS failed to respond when asked for a comment...WOW..Talk about spin, and it gets worse... 
_______

AltaCorp Capital analyst Dana Benner, one of the four authors of the report, said in an interview that the collapse in crude oil prices has weakened the demand for labour in Western Canada, and companies could use the slowdown as an opportunity.
“If oil stays at these levels, in fact, it will probably get weaker yet, in which case more people will free up, So it is actually a perfect environment for not only one but maybe a couple of these projects to go because of the talent pool,” Benner said.
_______

That information was revealed in this Straight Goods posting..


Wow...what a deal, a floating liquefaction barge that is built in South Korea gets transported to Kitimat and hooked up to a pipeline..That must be at least 30,000 jobs...eer..I mean 30 jobs..

And no import tax..
____________

Well well well....If anyone is interested in the most accurate reporting on the world LNG scene and in particular as to how it relates to British Columbia...You can read this..

British Columbia LNG Industry, The Last Gas(P)....A Straight Goods Special (updated, January 1st 2016)

 
I hope you have better luck with your LNG predictions AltaCorp.....I mean, if AltaGas doesn`t proceed, they`ll have no need to BORROW MONEY from you...Eh AtlaCorp?
I think I`ll just drift away and dream of better days ......Dream of a time and place where the gaggling from the gruesome four stops....Oh to dream

The Straight Goods

Cheers Eyes Wide Open

British Columbia LNG Spinfest Continues...AltaCorp and AltaGas Edition







February 25th/2016...Well well well......This article was originally posted on January 10th/2015.....Enjoy the re-read (Grant G)

In light of this breaking article posted in the Vancouver Sun...

 http://www.vancouversun.com/business/natural-gas/altagas+calls+halt+kitimat+project/11743911/story.html?__lsa=dcc5-8fa0


British Columbia LNG Spinfest Continues...AltaCorp and AltaGas Edition

Written By Grant

Here we go again.....I have written on many occasions ....Every time when bad news on the LNG front rears it`s ugly head out comes LNG spin articles from the BC Liberal spindoctors....We had a waste of words article from the British Columbia Oil and Gas commission about how they granted LNG Canada(Shell) a "key permit"....Then we had the energy industry captive regulator, also know as the NEB story about how they granted a 40 year export license....

We already beat those dead horse articles into the ground in this posting.


I wonder if this EXTRA LNG hype and spinning has to do with the upcoming February 2nd/2016 bi-elections......Or perhaps the world LNG picture is so bad the BC Liberals had to summon up a third spinfest?.....This latest spinfest article was front page news in the Vancouver Sun and The Province Newspaper...
And like the first two lame spinners, this one is just as bad....The latest LNG hyper is courtesy AltaCorp Capital...


Who is AltaCorp Capital?..They are a lending institution..An investment firm...AltaCorp Capital lends money to entities with the ability to pay them back..With big interest charges and balloon payments...So why would AltaCorp Capital of Alberta weigh in on British Columbia`s flailing LNG industry...?

Because the BC Liberals asked them to do it..



And you gotta love the title of their article..

2016 COULD be the year west coast LNG projects proceed despite depressed prices

That`s a hell of a headline, my favorite word in their title is "could"

What the hell does that mean?...

It means nothing....and if I`m not mistaken...Hasn`t AltaCorp Capital made other LNG predictions....I believe they have...Where did we read something about AltaCorp before..

Ah...I remember...AltaGas..One of Christy Clark`s sponsors for the ill fated Burrard bridge yoga event..you know, the BIG STRETCH..



Well I read an article about AltaGas....Here is a direct quote from it

"We continue to work with our partners at the DCL consortium to progress our LNG export plans pending resolution of the import duty on the barge."

Interesting don`t you think...AltaGas is wanting the import tax removed, what`s that all about...well, AltaGas is part of the Douglas Channel LNG proposal in Kitimat..But, the entire project is cited as..."a $500 million dollar project"...How come so cheap, how come it`s not $46 billion or $59 billion to build...Well, it`s a floating liquefaction barge, it`s being made in South Korea..They will merely barge it here and hook it up to a LNG pipeline...And gollee andy..They don`t even want to pay the Canadian import fee..

Not surprising..

Oh...That quote, that statement from AltaGas came at a investors meeting, as in the minutes of the meeting.



And that`s all they said about their LNG proposal for Kitimat..Pretty thin gruel for sure...

But...AltaCorp Capital had something to say about that project..

Here is what AltaCorp Capital said about AltaGas`s Kitimat proposal in September 2015.....(below was part of this Straight Goods article posted September 14th/2015) http://powellriverpersuader.blogspot.ca/2015/09/altacorp-capital-shines-up-their.html

I wrote on September 14/2015 

___________

In that latest LNG spinfest AltaCorp Capital has bumped Petronas proposed Prince Rupert project back up to a $36 billion dollar price tag....!!!!..And I quote...

"
That timeline, and AltaCorp`s prediction, Douglas channel would be the first LNG project to be built in the province-Leapfrogging Petronas larger $36 billion Pacific Northwest project"

So here we go again, Petronas`s proposed project jumps from $11.2 billion..$11.4 billion..to $36 billion to $46 billion Canadian and now back to $36 billion....It`s enough to make one dizzy, these spindoctors at AltaCorp Capital, in their Financial Post special report article(reposted in today`s The Province newspaper) must have forgot that Petronas`s proposed estimate was just last week in the Financial Post article was cited as a $11.4 billion dollar price tag....So, AltaCorp Capital, in their just released special report have made a $25 billion dollar error...And we are just getting started...Next I breakdown the spin line by line...

In that AltaCorp Capital report...
Calgary-A new report "dissents" from bearish predictions that no LNG terminals will be built on Canada`s West Coast, and instead says four natural gas export facilities will be greenlighted in the coming years.

The report by AltaCorp Capital, released Monday, predicts that AltaGas LTD. Shell Canada LTD, Exxon Moibile Corp and Petronas, will build massive facilities to super cool natural gas for export from B.C. Coast in the coming years, although not in the order that many industry observers have come to expect.

"while this may appear to be hopelessly optimistic, we would argue that the smaller Douglas Channel LNG project is on track for a positive(final investment decision) by the end of 2015, AltaCorp Capital analysts said,  

 __________

Did you read that?...
Appear...We would argue....hopelessly optimistic....A report by AltaCorp Capital...Talk about weasel words...This is a lender, not an energy company, it`s hooey and it gets much worse..Executives at AltaGas, which is leading the $500-million Douglas Channel proposal, have previously defied predictions that no liquefied natural gas terminals would be built in B.C. and recently said the company’s facility would be complete by 2018.

That timeline, and AltaCorp.’s predictions, would mean that Douglas Channel would be the first LNG project to be built in the province – leapfrogging Petronas’ larger $36-billion Pacific Northwest LNG project.

________

Now...AltaGas`s proposal, remember AltaGas...They were a major sponsor of Christy Clark`s failed Burrard bridge yoga-fest...

AltaGas`s proposal
($500 million) is not for a big LNG on-land terminal, thus the price, AltaGas`s proposal is for a floating LNG vessel, built overseas, little to no construction work, they merely need a land compressor, secure moorings and access to a natural gas pipeline, thus the small price-tag..
AltaGas`s  LNG Proposal is this...

"The LNG project will be developed in two phases. The first phase will consist of floating liquefaction facilities with the capacity to receive 110 Mmcfd of gas.
In the second phase of the LNG project, the joint venture plans to increase the gas export capacity of the project up to 1 Bcfd.
The parties involved in the LNG project are: AltaGas, Idemitsu Kosan of Japan, Exmar of Belgium, and French company EDF Trading."

 http://www.lngworldnews.com/altagas-files-for-lng-export-permit-with-neb/

____

AltaCorp`s second major faux pas...AltaGas LTD
is NOT PROPOSING A TERMINAL..They are proposing a floating facility that will be built entirely overseas... Then the AltaCorp Capital spin deflector gets really thick.

________

AltaCorp. now expects Pacific Northwest(Petronas), “the project that looked like it would proceed first,” to be built sometime after Douglas Channel and after Shell Canada Ltd.’s massive LNG Canada project, which would be built at a cost widely estimated between $25 billion and $40 billion.

The report cites a “preponderance of evidencesuggesting that Shell will decide in the first half of next year(2016) to build its massive project. Neither Shell nor AltaGas responded to requests for comment on construction timelines. Exxon’s Canadian subsidiary, Imperial Oil Ltd., did not immediately respond to a request for comment.

_______
Do you see the deflector spin...EXPECTS......TO BE BUILT AFTER.......A PREPONDERANCE OF EVIDENCE...SUGGESTING...Shell and ALTAGAS failed to respond when asked for a comment...WOW..Talk about spin, and it gets worse... 
_______

AltaCorp Capital analyst Dana Benner, one of the four authors of the report, said in an interview that the collapse in crude oil prices has weakened the demand for labour in Western Canada, and companies could use the slowdown as an opportunity.
“If oil stays at these levels, in fact, it will probably get weaker yet, in which case more people will free up, So it is actually a perfect environment for not only one but maybe a couple of these projects to go because of the talent pool,” Benner said.
_______

That information was revealed in this Straight Goods posting..


Wow...what a deal, a floating liquefaction barge that is built in South Korea gets transported to Kitimat and hooked up to a pipeline..That must be at least 30,000 jobs...eer..I mean 30 jobs..

And no import tax..

____________

Well well well....If anyone is interested in the most accurate reporting on the world LNG scene and in particular as to how it relates to British Columbia...You can read this..

British Columbia LNG Industry, The Last Gas(P)....A Straight Goods Special (updated, January 1st 2016)



I hope you have better luck with your LNG predictions AltaCorp.....I mean, if AltaGas doesn`t proceed, they`ll have no need to BORROW MONEY from you...Eh AtlaCorp?




I think I`ll just drift away and dream of better days ......Dream of a time and place where the gaggling from the gruesome four stops....Oh to dream 

The Straight Goods

Cheers Eyes Wide Open




Christy Clark's BC Liberals Have Just Confirmed Through Their Actions That Their 2013 Election Promise of a $trillion Dollar LNG Export Industry Has Already Died!

 

The below article is very telling.......Hoegh LNG has for financial reasons abandoned participating in any floating LNG facilities(FLNG) and Hoegh LNG has abandoned participating in any new LNG land-based export terminals...Hoegh will concentrate soley on FSRU(floating storage regasification units).....Hoegh's reasons are purely self-serving, they want to survive..

Read what Hoegh LNG is saying....The LNG market is over-saturated with excess gas and financial markets are reeling, bankers are leery of lending money for money losing LNG terminals....China is in the midst of a longterm slowdown,...Japan is firing up their remaining nuclear plants and longterm LNG buying contracts are being inked for less than $6 dollars per MM BTUs...

 Shell Canada is not going to build their proposed British Columbia LNG terminal nor is Petronas..

However, neither Shell Canada or Petronas will officially abandon their proposals...It's a game of cat and mouse and political gamesmanship...Both projects will be deferred until 2017...At least that's what those companies will tell British Columbia...

 An insider familiar with both projects has told me off the record that Rich Coleman has literally begged these companies to keep their on paper proposals alive until the May/2017 election...The companies are complying, so far at least.....My friend has also informed that both of these projects are dead...

 Furthermore....The pathetic announcement yesterday by the BC Liberal Government, they are placing $100 million British Columbia tax dollars into the LNG prosperity fund, they are calling it seed money..

Well, Vaughn Palmer won't write the truth, not one B.C. mainstream media will call-out these BC Liberal grifters for what they are....Con Artists..

Even when the truth is staring them in the face.....If Rich Coleman and Christy Clark were really positive and convinced that an LNG export industry was going to happen and $billions of dollars were going to flow into the much-vaunted prosperity fund....If they really believed that was true they wouldn't stoke the prosperity fund with the $100 million dollar that was raised by increasing BC's MSP fees... Only a bunch of sadsack losers would play this pathetic LNG scamming game..

However....The BC Liberals have the corporate controlled mainstream media toilet trained, they are mere janitors, BC Liberals shit their pants and poop all over the bathroom floor and Michael Smyth..Tom Fletcher, Vaughn Palmer, Les Leyne come a runnin with scrub brushes, mop and pails and toothbrushes, eager beavers to clean up the soiled messes left by BC Liberals, I'm being kind....The media itself is the real enemy here....If they did their job, you know, the job of fact-finding and truthful reporting these BC Liberal crimes would not have happened....Those media personalities do have to look in the mirror...What they have done will haunt their souls to the grave...

 ________________ 

Höegh LNG on Tuesday informed it has made a decision to put all FLNG activities on hold and focus its resources and capital into the FSRU business. 

According to Höegh LNG’s statement, the FSRU business is where the company sees the highest return on invested capital and the most promising market prospects.
The decision comes due to the oversupplied LNG market and a drop in energy and financial markets which have jeopardized investment in new LNG production facilities, including FLNG.

Höegh LNG said it will complete its obligations towards existing customers but will not engage in any new FLNG developments.
However, the company said FSRU market conditions are still encouraging due to new LNG supply growth and increased activity in the segment, both from the producers as well as LNG importers and downstream gas consumers.

Sveinung J.S. Støhle, Höegh LNG’s president and CEO said, given the overall market outlook for LNG and the current state of the financial markets, we believe focusing solely on FSRUs is financially and commercially the best strategy for Höegh LNG.”

 http://www.lngworldnews.com/hoegh-lng-halts-flng-business-focuses-on-fsrus/

__________________

 Need more....LNG use is on the decline.....

_____________


BANGKOK (Reuters) – Thailand’s PTT Pcl plans to delay its purchase of liquefied natural gas (LNG) from Shell Eastern Trading (PTE) and BP Singapore PTE Ltd due to weaker-than expected domestic demand, its executive said on Tuesday.

PTT is currently in discussions with the two suppliers regarding the delay, Noppadol Pinsupa, senior executive vice president for PTT’s gas business unit, told reporters.
PTT, the country’s top energy firm, expects LNG imports of about 2.7 million tonnes this year, lower than a prior estimate of almost 5 million tonnes, the executive added. Thailand imported 2.6 million tonnes of LNG in 2015, he said.

 http://www.lngworldnews.com/thai-ptt-to-delay-lng-purchase-from-shell-bp-due-to-weak-demand/

___________

How about the LNG disaster down under?????(Australia)

______________


Australian LNG player Woodside reported on Wednesday a 99 percent decline in 2015 net profit, hit by $1.1 billion in asset impairments due to falling oil and gas prices.

Woodside’s net profit in 2015 dropped to $26 million, down from $2.41 billion in the year before. Woodside last time posted a loss in 2002.

Revenue from operations decreased 32 percent to $5.03 billion, the company said. Woodside announced a full-year dividend of $1.09.
The Australian LNG company reaffirmed its 2016 production target range of 86 to 93 MMboe.

Browse FLNG project

Woodside said last year that its Browse FLNG project in Australia would have been break even with oil prices “around $50-$55 a barrel”. However, in the meantime oil prices fell to near 12-year lows below $35 a barrel.

The Browse FLNG development concept is based on three FLNG facilities utilising Shell’s technology to commercialise the Brecknock, Calliance and Torosa fields located approximately 425 kilometres north of Broome in Western Australia.

The Browse FLNG partners had planned to take a final investment decision (FID) on the giant project in the second part of this year.

“I would expect the joint venture partners will meet a number of times as we consider our final investment decision on Browse,” 
Woodside’s CEO Peter Coleman told reporters on Wednesday.


According to Coleman, “this is not the time to be reckless at all with respect to capital deployment. And this is not the time to make bets the future is going to be rosier just simply because we hope it will be.”

“What’s not clear to me today is are we in the middle of a fundamental structural change in the industry or is this just a short-term disruption, where we’ll go back to long term trends in a relatively short period of time,” the CEO said.
“It’s with that sort of eye that we’re looking at all of our investment decisions today,” Coleman added.

 http://www.lngworldnews.com/woodsides-profit-nosedives-as-low-oil-prices-continue-to-bite/

_____________

Need more.....Japanese utilities are racing at speed to restart their nuclear fleet...The reason...Cheap nuclear power and the financial advantage they have...it's all about the money...meaning not giving money to the LNG exporting vultures..

_____________

Japan’s opening of its power market is pressuring utilities to get nuclear plants back on line quickly to bolster finances in the face of potentially greater competition, according to Bloomberg New Energy Finance.

When Japan’s retail power market fully liberalizes in April, utilities that have nuclear power plants online, like Kansai Electric Power Co., will have an economic advantage, according to Miho Kurosaki, a Tokyo-based analyst with BNEF. Nuclear power is the cheapest form of electricity generation, allowing producers to cut rates and edge out new entrants and old rivals.

Utilities could resume operations at 21 of Japan’s 43 functioning reactors by the end of 2017, according to one scenario forecast by BNEF. As many as 28 reactors could restart by the end of next year, according to BNEF’s most ambitious view. So far, three reactors have restarted under post-Fukushima safety rules.
Utilities want to restart as soon as possible as far as retail liberalization is concerned,” Kurosaki said by e-mail. “

 http://www.bloomberg.com/news/articles/2016-02-15/japan-utilities-seen-pushing-for-atomic-restarts-as-reform-looms

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BC LNG is dead, kaput.....Only the brainwashed still believe in the BIG LIE...and the corrupt bought B.C. Media....Right Keith Baldrey?

 





The Straight Goods

Cheers Eyes Wide Open

Wednesday, February 24, 2016

Christy Clark`s Pink Shirt Hypocrisy Exposed(Bitch Alert)




 (originally posted February 25th/2015)

This pink shirt day thing to combat bullying is a great thing, it's well overdue, bullying has been going on too long, and I`m personally in favour of it, however, when the likes of Stephen Harper and Christy Clark try to make political hay with it, when they pretend to be gracious and adherent to the cause is where I draw the line...

The only way to handle bullies is to bully them back, so on behalf of every British Columbia student, teacher, parent and worker, this one is for you..

Go To Hell you nasty bitch,  Christy Clark, you and your party are not fit to govern, you are a spoiled brash bitch with nary a functioning brain cell, you lead a party of miscreants and braindead losers..The list too long to cite in its entirety, ....Fassbender, Lake, Mcrae, Bennett, Stone, a bunch of pathetic elected losers who don`t give a shit about the people of British Columbia, they only about those who write cheques to the BC Liberal Party!

First off....Yesterday, the day before pink shirt day Judy Darcy was rising to ask a question in our BC legislature when Advanced education minister Andrew Wilkinson shouted..

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Thought I'd seen it all! But as I rose 2 ask a ? in BCLeg, Lib Adv.Ed Minister heckled "cluck, cluck, cluck." UNCLUCKINGBELIEVABLE!


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Andrew Wilkinson, a trained lawyer now representing advanced education and he is shouting out disparaging comments, Judy Darcy asking questions in regard to the corruption Amir Virk, the previous advanced education minister was complicit in...

Vaughn Palmer wrote an article about Christy Clark a couple of weeks ago, the gist of his article I`m not too sure, Vaughn Palmer didn`t reference pink shirt day in that article, he should have..

Christy Clark is a rude, nasty bitch, she doesn`t hesitate to cast aspersions, insults, name-calling on anyone, Christy Clark even throws her own son Hamish under the bus to advance her bile agenda..

From Vaughn Palmer, cut n pasted in its entirety..

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VICTORIA — While the cherry trees were blooming in the provincial capital this week, Premier Christy Clark reminded the crowd at a party fundraiser how she’s had to endure some cold weather visiting other parts of the province.

How cold was it, premier?

“So cold that I saw a New Democrat with his hands in his own pockets.”

Yes, live from the Victoria Conference Centre, it’s Premier Stand-up.
Anybody here listen to CBC Radio? “Put your hands up, don’t be embarrassed, I do when I’m in the car.”

So the other day she’s listening and she hears a promotion for something called “the Irrelevant Show.”

“They’ve gone too far,” she fumed, purporting not to realize that it was the name of a hit comedy show. “Using my tax dollars for an entire hour on John Horgan.”

Budda-boom.

Say, did you hear that the provincial museum is preparing a new show dedicated to the 1858 gold rush in the Fraser Canyon?

Yes, it’ll be installed right opposite the gallery with the dinosaur — “the Horgan-o-saurus another species that failed to evolve and adapt over the years.”

Budda-bing.

She’s got a million of ‘em.

Her Liberals have been trying to factor the workload for the 30 or so New Democratic Party MLAs. Four question periods a week, each 30 minutes long. A few minutes work a week apiece, allowing for answer time, Clark reckons.

Less than that if you aren’t one of John Horgan’s stars, she continues, riffing on the NDP leader’s ill-advised reference in an end-of-last-year interview to the five MLAs who were performing the best, in his estimation.

Ouch, five times over.

All those media complaints about the boring throne speech?

Not her job to help reporters come up with a news story, she says, baiting the news media as effectively as she does her political opponents.
Besides, she tells the crowd at the fundraiser, boring works when it comes to managing public finances.
Think of all the things that would be exciting: “like a train wreck.”

Neither is it her job to come up with that kind of excitement. You want a train wreck, “just look at the NDP.”

The partisan crowd ate it up, as one would expect. But party leader Clark has been playing the New Democrats for laughs in public speeches as well.
In an address delivered as premier to the annual convention of the Truck Loggers Association last month, Clark delivered a comic set piece, beginning with a less-than-flattering reference to her son, Hamish.

My son is 13, and when you look at a 13-year-old, a teenager, generally, I don’t know about you, but the first thing that comes to my mind is lazy. Recently ... I said to him: ‘Hey, listen. You spilled that water on the couch. Can you clean it up, please?’ He looked at me, and he went: ‘You know, Mum, I’m pretty sure that that water is going to dry on its own.’ I have this fear — which other parents tell me he’ll get over it — that he’s just too lazy. He’s got to learn a work ethic.”
At this point, you might be thinking if mom keeps talking this way in public, poor Hamish is going to need a therapist. But that was just the set-up.
“Somebody said to me, look, you know, here’s the thing: Your son is a teenager and it’s just a natural thing for teenagers not to really have that get-up-and-go. Lots of times they’re lazy. But you know, it’s okay now.”

Ready for the punchline?

When your son is 31 years old and he’s still sitting on the couch and he’s asking you to clean up after him and he doesn’t want to get up and do anything, and he doesn’t have any ambition for the future, and he just really, really doesn’t have any expectations for himself. ... By the time he’s 31 years old, if he’s still doing that, he is no longer a teenager. He’s a New Democrat.”
The joke worked so well that she repeated it the following week to the Association for Mineral Exploration B.C., changing only the laugh line: “When he’s 31 years old and he’s still doing that, he is not a teenager anymore; he’s a socialist.”

Any reaction, Mr. Horgan?

“I can’t probe the mind of the premier any better than you can,” the NDP leader told reporters when the comment was relayed to him. “But I can say that it’s certainly disrespectful to 31-year-olds and it is also disconnected with the reality of our time. More and more children are having to go home because they can’t find the opportunities that their parents could find.”

Lame, when the premier’s whole objective is to provoke a laugh from her supporters and a defensive reaction from her opponent.

Horgan played it better this week, when he dismissed the throne speech with a one-liner — ”that was a half-hour that none of us will ever get back” — followed by the more serious and to the point: “People in B.C. are saying, I’m sure, ‘Goodness me, didn’t we just elect these people? Do they not have any ideas that are important to us?’ ”

As a new leader, Horgan is struggling to counter Clark’s turn-on-a-dime ability to do witty, visionary, and partisan in almost the same breath. Naturally, he’ll draw on advisers, researchers and colleagues alike. He may also need the services of a good joke writer, given the way she plays the game.

vpalmer@vancouversun.com

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Christy Clark, queen bitch and bully, it`s not the firstime Christy Clark has thrown her son Hamish under the bus...

 http://powellriverpersuader.blogspot.ca/2013/04/christy-clark-throws-hamish-under.html



The Straight Goods

Cheers Eyes Wide Open

 

Friday, February 19, 2016

Ezra Levant, Brian Lilley, Sheila Gunn Reid, The Voices of the Corporate Conservative Party of Canada



Written by Grant G


I must admit my surprise when The National Post...Globe and Mail..Calgary Herald and even more newspapers ran to the defense of Ezra Levant....Front page stories to boot..

Rachel Notley made a mistake in banning the Rebel from Government pressers...I understand Rachel Notley's frustration, Ezra Levant lies, distorts and spews bile hatred every time he opens his mouth or keyboard..

Alberta's woes aren't the fault of NDP government, it's the price of oil yet somehow the racist hatemongers believe the NDP government caused oil to crash in value...

Oh indeed, the world glut of oil at the same time China stopped building ghost cites,  shale oil, tight oil, Iran sanctions lifted and boy oh boy does Iran want to sell sweet crude...Every country wanting to sell more oil as oil consumption and demand wane...

Alberta tar oil, mined oil or injected steam into the ground to liquefy buried oil, they all have one thing in common...It's expensive oil to process...What does Ezra Levant and the oil industry want...

Pipelines west, many pipelines west, pipelines east, pipelines south and north to the now not frozen arctic..

Ezra Levant and the oil industry's answer to the world glut of oil is to add millions and millions of barrels of oil into the already saturated market..

I'm not a rocket scientist but that doesn't sound like a prudent economic plan....And..there are no oil companies willing to dig up, dilute and pipe any oil at the current price level...The same scenario exists in the world LNG market..too much gas for not enough available customers....Who is prepared to not sell their petro product so other petro sellers can prosper...no one...Only low-cost producers will survive in this current scenario..

That makes Canadian LNG and Alberta tar-goop oil stranded assets, and for many, for the majority, that is a good thing...Canada's petro industry is a sunsetting  industry..

However, this posting isn;t about the new clean economy, this article is about how sad the mainstream corporate media has become...Vancouver Sun..Calgary Herald, National Post no longer produce journalism....They engage in what I call "Goebbelism"...As in Joseph Goebbels, Adolf Hitler's chief propagandist...

Postmedia's newspaper chain has been hijacked by the corporate sector, even once respected columnists/journalists like Michael Smyth and Vaughn Palmer in recent times have become irrelevant,,..Michael Smyth writes nothing, no thought, inane drivel and as for Vaughn Palmer, he merely quotes BC Liberal Government ministers, matters not if those BC Liberal ministers lie or distort,,,,Sadly Vaughn Palmer has found a way to lie to the public using other people's words..

As for rightwing corporate media running to the defense of so-called journalism and or freedom of speech, admirable indeed, that is if the journalist of note was a worthy person...Ezra Levant deserves no such rescue,,

Robin Mathews was denied media accreditation and was forbidden to report the truth about the BC Rail trial.....The Gordon Campbell media juggernaut won the day...Keith Baldrey had no qualms in denying Robin Mathews the freedom of speech....Yet all of a sudden Keith Baldrey found the light when it comes to Ezra Levant..

Robin Mathews was never convicted of slander, libel, multiple times convicted of libel and slander like Ezra Levant......Robin Mathews didn't accuse environmentalists of deliberately causing the Lac Megantic vapourization like Ezra Levant did, oh indeed, Ezra Levant and Greg Renouf made complete asses out of themselves

 Robin Mathews didn't call Adrian Dix's wife a beatnik on SunNews...Remember the SunNews network(now defunct)...Their prime-time viewing audience Canada wide was a mere 5000 people, even as Stephen Harper and CAPP lavished oil dollars and Federal Government ad dollars on Sunnews they still couldn't garner any viewers..

What was Adrian Dix's wife sin that so outraged Ezra Levant?...She doesn't have a cellphone, reads poetry and takes transit...Oh the humanity..

Robin Mathews never had to beg on air for money to pay his legal fees like Ezra Levant has done on many occasions..

I don't recommend to anyone that they check out Ezra Levant's Twitter feed, however, I'm convinced that if it was lefty person threatening a rightwing government, or big oil and corporations, along with racebaiting the RCMP would swoop in and arrest the person for hate-speech and racial fearmongering in a New York minute......But somehow the RCMP,  Postmedia and corporate Canada is comfortable with Ezra Levant's hatred and racebaiting..

The face of Conservatism...The face of the Conservative Party of Canada...The face of the Conservative Party of Alberta,,,Ezra Levant, Brian Lilley and Sheila Gunn Reid are the chosen ones...

Maybe a few years ago this would have bothered me but not today, not in 2016.....The oil and LNG industry is in sunset mode...raping and pillaging the earth is oh so 20th century..

Post Media...The Vancouver Sun...Global BC,,,Calgary Herald...National Post...

I'm glad those corporate entities have chosen their heroes, their spokespersons.. ..

Because, for decent, forward thinking modern day Canadians need the constant reminder of why on mass we voted out The Stephen Harper Conservative Party of Canada....

Conservatism, corporate conservatism,..... with spokespersons and pundits like Ezra Levant, Brian Lilly and Sheila Gunn Reid singing the praises of corporate conservatism a calm cool relaxing feeling overwhelms us.....

That and the vision of the Conservative Party of Canada reduced to fourth party status will warm Canadian's kindred spirits..



The Straight Goods

Cheers Eyes Wide Open

 

Wednesday, February 17, 2016

Site C dam.....BC LIberals Can't Make A Business Case for Proceeding, Neither Can Business in Vancouver Magazine




Christy Clark's BC Liberal gang of con artists Site C Dam Boondoggle.....Even business friendly promoters are laughing at the BC Liberal's pure fiscal stupidity.....From BIV Magazine


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https://www.biv.com/must-read/#stalled-power-outlook-not-slowing-9-billion-site-c



Stalled power outlook not slowing $9 billion Site C dam project


BC Hydro’s second-quarter financials reveal lower demand from large industrial customers in depressed energy and commodities market






BC Hydro’s second-quarter 2016 financial report points to lower domestic power demand and a projected drop in 2016 sales to large industrial customers resulting from mine and mill closures and other effects of the global commodity nosedive.

The Q2 2016 numbers continue the theme in the Crown energy corporation’s 2015 fiscal report, showing stagnant electricity demand from large industrial customers in the province over the past decade.

Meanwhile, a January 25 U.S. Supreme Court decision supporting the Federal Energy Regulatory Commission’s right to offer major power users financial incentives to curb power use during peak demand periods could dim BC Hydro’s power export prospects in North America via its Powerex subsidiary.

Despite those factors, opposition from First Nations and other groups and criticism from power analysts, the Crown power corporation’s $9 billion Site C dam remains on track, and Chris O’Riley, the Hydro executive overseeing the project, remains convinced of the long-term need for Site C’s capacity when it comes online in 2023, and of the fiscal prudence of the massive engineering project.

According to the Q2 report, revenue from Hydro power sales into the North American grid for the six months ended September 30, 2015, was down 44% compared with the same period a year earlier.

Among the reasons for the drop, according to the report: a 33% decrease in the average price of natural gas resulting from increased U.S. production.


Significant changes from the fiscal 2016 service plan noted in the report include a drop in large industrial and commercial categories “largely as a result of lower forecast customer load in the mining and pulp and paper sectors due to metal mine closures, closure of a major pulp and paper mill [Howe Sound Pulp and Paper] in July 2015 and lower commodity market outlook.” 


Numbers in Hydro’s 2015 fiscal report show flatlining electricity demand from large industrial customers in the province over the past decade. Sales in that category have slipped 15% from fiscal 2006 to fiscal 2015. 


Those numbers have again raised questions over the need to invest billions in building Site C.


Robert McCullough, principal of energy policy research company McCullough Research, said the horizontal hydraulic fracking revolution has rendered Site C “an expensive luxury” in a world where the price of natural gas is roughly one-third of what it was in 2008.


In December, natural gas spot prices, according to OilPrice.com, hit their lowest monthly average since 1999.
McCullough’s May 2015 report for the Peace Valley Landowner Association questioned the math used in Hydro’s far-lower projection of per-megawatt-hour costs for Site C versus such alternatives as independent power projects.

In an interview with Business in Vancouver prior to a recent visit to Vancouver, the Portland, Oregon-based McCullough reiterated the concerns raised in his report over such issues as Hydro’s discount rate (cost of future money) for Site C and cost assumptions for Site C alternatives that Hydro used in its calculations to justify the project.


But he emphasized how dramatically the plunge in natural gas prices, generated by the advent of horizontal fracking technology, has changed the global energy marketplace – to the point that “only an idiot would be building a very expensive project in Canada instead of buying power on the open market.”
He pointed out that the chief expense for electricity generated by natural gas is the gas itself, which can now be bought far into the future relatively cheaply.

The U.S. Energy Information Administration predicts that natural gas prices will remain low and stable for the long term. According to its projections, spot natural gas prices will be lower in 2020 than they were in 2015. 


In a December Site C information briefing with Business in Vancouver, O’Riley said that despite the recent drop in energy demand, Hydro is confident in its forecasts of 1.1% annual growth in electricity demand in B.C.
“You don’t build something like this [Site C] for today or even 10 years; you build it for the long term.”
O’Riley said the forecast is based in part on population migration to B.C. and “the continued reliance in B.C. on the resource sector,” regardless of whether liquefied natural gas export plants are built in the province or not.

“But we know you can never get supply and demand to match up perfectly, so we know we’ll be some years short and some years long, and we have got a good capability to optimize that, so we think … particularly in a carbon-constrained world, there’s a long-term benefit for low-cost, low-[greenhouse gas], reliable, dependable, firm power.”
Site C would add around 10% to the province’s overall annual electricity output of 60,000 gigawatt hours.
BC Hydro claims the cost for Site C power will be between $58 and $61 per megawatt hour, but that’s a cost levelized over 70 years. Actual costs in a given year could be much higher.
Power can be bought in the North American market for less than half that range.
Hydro estimates that Site C will result in ratepayers paying an average of $650 million less each year over the first 50 years of the dam’s operation compared with a power portfolio generated by independent power producers or natural gas.

O’Riley added that with interest rates so low, it’s a good time to invest in major power infrastructure projects like Site C.
As to the impact of the U.S. Supreme Court decision on Hydro’s power export prospects in America, Mike MacDougall, Powerex’s director of trade policy, said in an email that the changes will have little effect on Hydro’s trade with U.S. markets because they predominantly affect market-clearing prices during higher-priced hours and won’t significantly change overall market demand.

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That was a very good article.....Global BC...CKNW..Vancouver Sun or Province Newspaper hasn't produced that quality of truthful, accurate reporting on anything in 10 years or more...That BIV article was a refreshing read......Grant G February 17/2016

Below is a little something the Straight Goods put together on the not-needed Site C Dam boondoggle..

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Site C Dam Not Required, Christy Clark's Justification for the Taxpayer Funded Project Falls by the Wayside

Site C Dam Not Required, British Columbia Could Save $15 Billion Dollars



 Written by Grant G

(this factual article was originally posted in January 2015)

 http://powellriverpersuader.blogspot.ca/2016/01/site-c-dam-not-required-british.html

Christy Clark and the BC Liberals are now saying $15 billion dollar public dollar/taxpayer funded Site C Dam project is not about LNG but about an opportunity to sell Alberta clean electricity...

 http://www.theglobeandmail.com/news/british-columbia/clark-urges-trudeau-to-support-bc-megaprojects-that-benefit-canada/article28631015/

That's absurd, Alberta and Alberta industry will not pay the price, Alberta is building natural gas power plants that will create more power than Site C dam.., take up almost no space and cost 1/10th of the price.....Christy Clark is,...is unfortunately economically challenged, perhaps Christy Clark needs another university or college course....
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An open letter to the premier's new advisor
 http://www.alaskahighwaynews.ca/opinion/letters/an-open-letter-to-the-premier-s-new-advisor-1.2166537

________________
An open letter to the premier's new advisor

I present you a Straight Goods Special......

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Site C Dam Not Required, British Columbia Could Save $15 Billion Dollars


Written by Grant G

In late December/2014....A couple of weeks after Christy Clark told Bloomberg in New York that British Columbia didn`t need Site C dam for the proposed LNG industry, Christy Clark also told Bloomberg the price of Site C was going up by potentially $billions of dollars, we are looking at $10 to $15 billion dollars to build Site C...Possibly $15 billion dollars for a very tiny bite of electric  power...Expensive power, power we don`t need for LNG...The one group that looked at Site C and BC Hydro`s power for the future projected growth model...They came to the conclusion the power was not required, the case not made..!

Meaning there is no need to spend $15 billion dollars we don`t have, no need to put BC Hydro over $20 billion dollars in debt($15 billion plus the $billions of debt hidden in BC Hydro`s deferral accounts),  BC Hydro would have as a crown corporation almost as much debt as British Columbia had when the BC Liberals came into power in 2001...Our provincial debt in 2001, including contractual debt, crown debt stood at that time about $28 billion dollars(now it`s almost $80 billion dollars, not counting contractual debt and crown corporation debt)...And these BC Liberals want to add $15 billion dollars in more debt for power we don`t need?..

 http://commonsensecanadian.ca/bc-hydro-inflates-demand-justify-site-c-dam/

Here are Christy Clark`s own words.

"LNG is our priority in British Columbia and we don’t need to do Site C in order to fuel up the LNG industry,” Clark said, adding she ran for office on a pledge to establish the sector."

 http://www.bloomberg.com/news/2014-12-10/british-columbia-clark-optimistic-on-lng-despite-oil-rout.html

Christy Clark`s mouth says we don`t need to spend $billions of dollars that we don`t have on Site C for LNG..

And guess who else says we don`t need Site C...

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"The retired head of the Association of Major Power Users of BC, Dan Potts, estimates the proposed Site C Dam would lose $350 million a year for taxpayers and BC Hydro ratepayers. The 30-year pulp mill manager told media in Vancouver yesterday that the project, estimated to cost $8 Billion or more, is “fundamentally uneconomic” – based on its outmoded technology and power trading prices that are likely to remain far lower than the cost of electricity produced by Site C.

Potts made the comments at a press conference organized by the District of Hudson’s Hope – where the 80 km-long reservoir would be located – to raise concerns about Site C in advance of the federal cabinet’s ruling on the project, expected this Fall.

Potts and other speakers, including agrologists, farmers, First Nations leaders and elected officials from the region, called for the BC Utilities Commission’s oversight of the project to be restored. The independent energy watchdog was stripped by the BC Liberal Government of its usual role of reviewing a project based on issues like cost and need. In the absence of that review, Potts worries that a project which makes no economic sense may receive unjustified approval.
“This project is turning gold into lead,” said Potts.


It’s going to have a legacy of wealth destruction…It’s going to sap the province’s ability to raise money and borrow money, to do other things, such as infrastructure, hospitals, schools – all the things we need to do."
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So here we have experts, and he`s not alone, calling Site C a boondoggle in the making, a very expensive boondoggle, not only will it cost much more than $10 billion, interest payments on that debt will be $400 million per year....And it will lose on average another $350 million per year in direct losses...
All in, this project could end up costing BC taxpayers $30 billion dollars after interest payments and operating costs...for power we don`t need.
The BC NDP should refuse to even enter our provincial legislature until Site C is taken off next summer`s starting date agenda...You see readers, friends, British Columbians, there is time for a strong opposition to fight for British Columbia, that time is now, before the legislature opens...How many days do politicians need off, vacationing, sitting on their over-paid asses!
We must demand that Site C go to a non partisan regulator, or non-partisan committee...Like the BCUC...This project must be vetted by those who have no skin in the game, by those not wanting to win or steal an election..
There are power generating turbines being added to BC`s Mica dam...For a cost of $500 million dollars Mica Dam will produce extra power, the new power generated, on top of power Mica already produces......For $500 million dollars a couple of new added turbines will produce half the power of Site C Dam..Without flooding land, flooding farm land...Merely adding turbines to an existing dam will create half the power of Sire C dam...for a cost of $500 million dollars...
1/20th the cost of Site C dam ....Mica will produce half the power Site C would at 1/20th the cost..

Where is the media outrage?
Someone needs to haul the BC Liberals off to jail..Demand a Site C plebiscite, or referendum...
The biggest expenditure ever proposed in British Columbia with not one shred of evidence that this power is required..

It would be criminal to allow that big of an expenditure without the case being made that the power is needed..

If the NDP can`t persuade the powers at be, the courts, the new media, the internet media..

We need all hands on deck to stop this $15 billion dollar theft of public money...
We need to explore other options for power..Like this option...
Since we have, according to Christy Clark and Rich Coleman, "British Columbia has some of the largest known natural gas reserves in the world, more than enough for domestic use only, hundreds of years of supply", more than we can ever use domestically.....And as of right now, and probably forever, we don`t and won`t have an LNG export industry..
What British Columbia has is tonnes of natural gas and nowhere to sell it, how about we sell it to ourselves..?
British Columbia could create a market for domestic natural gas, no need to liquify if...And at the same time can create 800 to 1200 mega watts of power, or more,  as much power as Site C dam would produce..
We would not have to flood 30,000 acres of fertile northern farmland...Thus that land up north would not be flooded, the land would continue to grow food and be a carbon sinc, , meaning the non-flooded land would absorb greenhouse gases...Absorb enough greenhouse gas to offset the below proposal..
A proposal that would give B.C. options, options to turn up or down the electrical output depending on the needs, this electrical plant would only take up in total space..24 hectares of space/land required...
And here`s the most attractive part of the whole deal...For a cost of about $1.4 billion dollars we could produce as much power as Site C..

 We could save over $10 billion dollars before interest charges...BC Hydro`s ratepayers would not see their bills go through the roof...
We could build the world`s cleanest, newest, most modern most efficient natural gas electrical generating plant in the world...At the same time greenhouse gas emissions from the natural gas plant would be offset by not flooding 30,000 acres of farmland..no homeowners to piss off, to buy out..no First Nations to cut deals with, plus it gives our natural gas drillers a new market for some of their gas, that means some royalties for the province..And create B.C. jobs for B.C. workers.
And we will save not a few $hundred million dollars but over $10 billion dollars ...
And if someday in the future LNG exports produce bigtime revenues for the province we can shut down this plant, maybe nuclear fusion will come online, newer more efficient appliances, possibly domestic power generation that could feed into the grid, like solar, tidal, geo-thermal and who knows what other technological miracles are coming down the pike..
Pipe dreams, no....A win win win...BC Taxpayers win...Saving food growing farmland wins...A new market for our gas drillers, a win for them, a win for BC`s credit rating and a break-even win for the environment, what greenhouse gas emissions are expelled will be offset by not flooding 30,000 acres of farm land, maintaining the land as a carbon sinc.
BC Hydro won`t have to carry a $20 billion dollar debt, ratepayers won`t have to carry that debt on their bi-monthy electric bills..
British Columbia could save $billions and $billions of dollars by building a copy of this..
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 "Shepard Energy Centre is a new, natural gas-fired power plant being built near Shepard Industrial Park in south-east Calgary, Alberta, Canada. The project, estimated to cost C$1.3bn, is being hailed as one of the largest projects ever undertaken by the city of Calgary.

The facility will have a nominal plant rating of 800MW and will be the largest natural gas-fired electricity generation facility in Alberta when commissioned in 2015.

It will generate enough electricity to meet the needs of more than half of Calgary's existing power demands.

The facility will use an advanced emissions technology and will generate less than half the CO2 per megawatt than a conventional coal-fired plant. The plant will be owned and operated by Enmax Shepard, a subsidiary of Enmax Energy."


Enmax Energy's Calgary plant features

Important features of the plant include natural gas compression, auxiliary boilers and a wet surface condenser and cooling tower. Heat recovery steam generators (HRSGs) will be partially enclosed, while the steam turbine generator (STG) and gas turbine generators (GTGs) will be fully enclosed. The project also has provisions for future carbon dioxide capture.

 http://www.power-technology.com/projects/shepard-energy-centre/
________________

We have time, Major Site C dam construction has not started
Plus there are many lawsuits pending..
I personally asked John Horgan and the NDP party to pay for and commission a non-partisan study exploring the options I highlighted above, if the BC Liberals can prove we need much more power in the future and Site C is the only viable option, so be it, if the BC Liberals have complete faith and confidence they shouldn`t fear a non-partisan committee to review in depth Site C, the costs, the ramifications and other options.

 We may not even need the natural gas power plant, but if we need power, this is the route to go..
However, the time has come for the opposition NDP to step up to the plate, the BC Liberal`s clean energy act is gone, out the window, each proposed large LNG plant would add near 9 million tonnes of greenhouse gas emissions to our provincial airshed each year...This natural gas electrical plant would add about 1/10th of that total...BC`s clean energy act is null n void with an LNG industry..
Christy Clark and the BC Liberals have been talking the talk, Christy Clark was blathering in public how "BC`s LNG would clean China`s airshed and make the world`s air cleaner".. 

If that is true, if it is good enough for China than a natural gas electrical plant must be good enough for British Columbia too.
We as a province could even buy carbon offsets, $100 million dollars worth of carbon offsets per year and we would still be ahead of the Site C cost by $billions and $billions of dollars..We could buy offsets of that amount for 30 years and only spend $3 billion dollars... Add in the cost of a natural gas electrical plant of $1.3 billion to even as high as $2 billion dollars, add both amounts together ....$5 billion dollars...And we wouldn`t have to buy carbon offsets if we didn`t need to....As stated above...We would not be flooding 30,000 acres of carbon absorbing farmland...
We can`t wait until the spring session of the legislature starts to begin this battle..

 Building a natural gas electrical plant(if we need the power) is a win win... 

BC jobs, BC workers..A electrical generating plant using B.C. natural gas, drilled by B.C. natural gas well drillers, piped through B.C. pipeline, power generated flowing to B.C. homes at a fraction of the cost of a Site C dam...Thus saving the province, saving B.C. Hydro $billions of dollars...Saving ratepayers even $billions more, money that will flow into our economy rather than to New York Bond Buying hedge funds..
A win win win...
We need the media to get onside with this plan...We need the BC NDP making wave after wave...Refusing to sit in our legislature until all these $billion dollar plus saving options are explored thoroughly by non-partisan entities with no skin in the game..
We need The Straight Goods....We need leadership, we need a robust opposition...
Who knows what energy efficiencies lie ahead in the future..A $1.3 to $2 billion dollar natural gas electrical generating plant can easily be decommissioned...A $15 billion dollar dam, not so much..
Food security....Saving ever declining farmland stocks...Not having to flood 30,000 acres...Not having to buy out home-owners, northern businesses, not having to fight First Nations in the Peace region..
The non-flooded land will grow food and absorb carbon...B.C. workers to build a natural gas power plant, giving our drillers another market for our excess gas..
Everybody wins, taxpayers, ratepayers, northern homesteaders, First Nations, the environment, our credit rating..

Everybody wins....
The Straight Goods
Cheers Eyes Wide Open