By Mark Jaccard and Tom Gunton
Originally appeared in the Vancouver Sun October 14, 2014
Our LNG discussion has certainly changed from 2013, when
Christy Clark’s “Debt-Free B.C.” slogan promised voters huge tax revenues from
exporting the “world’s cleanest LNG.” Industry calls the shots today,
threatening to invest elsewhere unless government quickly delivers on tax
breaks, minimalist royalties, and environmental deregulation. It’s a sobering
time.
Increasingly, one hears our government has moved too slowly,
just as a prospector arriving too late to a gold rush. But this argument
reflects a fundamental misunderstanding of today’s natural gas market. It can
have potentially harmful repercussions for our economy and environment. Here is
why.
