Kiss 36billion goodbye

[binthere]

Foreign funded tree huggers win. No LNG for western Canada.

[chuckChuck]

The news reports say there is an oversupply of LNG capacity in North America and that this project was not competitive enough with US suppliers. Low prices and weak demand.

[tweety]

Not a terrible thing to hold onto some natural resources instead of giving them away. Export when they are worth something.

[the big wheel]

No no no you go all balls in no matter what the price is. The lower the price the more concessions you give to the companies or in fact doesn't matter if the price is crazy high like oil was in saskatxhewan you go all in with nothing to show for it. You don't ask for more because obviously they won't give it to you. Hahahaha then you spend on everything you can just throw money around in fact even had oil stayed high you couldn't pay for what you spent.
Hahahaha
Then when prices go to the shitter you just sit there and Waite remind people of all the things you blew money you never had on. Hoping they don't catch on that they're all paying for it. Hahahahaha

[Hamloc]

Foreign resource money has and is leaving Canada. We have a slow ineffective approval process for new infrastructure projects. This LNG project's failure was due to the inability of government to get it done. Combine that with a more costly tax structure(carbon tax et al), more stringent regulations(not necessarily bad) and the election of NDP governments in Alberta and BC and foreign money is going to more investment friendly jurisdictions.

[bucket]

Can someone explain " more investment friendly jurisdictions".....?


Thanks.

No bullets flying overhead. Health care.etc etc.


Or does it mean where more government money funds private business....

[SASKFARMER3]

Wow some of you have no clue at all how things work. Uncle Allen is coming back into Saskatchewan for some.

Buying potash mines was such a great experiment. Maybe this time gas fields then sell the product to who oh Sask people. That's a money maker. Keep it in the ground till when they discover a real alternative and were left holding the bag.

These projects needed to take place but when the country is run by morons and most are voting for them let's look to the country of choice that's followed this scenario. Venesala ah what a vacation spot and oh the poor are doing so good and food is a plenty and gov is running great. Oh wait it's a shit show.

Most want that and when it happens they will be
The first to cry what the hell happened.

[SASKFARMER3]

But just like Venezuela you'll this time be locked up and disappear off the face of the earth. That's what some want ah it's such a lovely example.

[Oliver88]

Can someone explain " more investment friendly jurisdictions.

No carbon tax
Jurisdiction allows pipelines to move LNG and oil
Jurisdiction allows tankers to move LNG and oil

NDP/Green in BC with Liberal federal government + NDP Alberta government has stated a large exodus of capital and large investments.
Just ask ConocoPhillips, Royal Dutch Shell, Total, Petronas and others.

But ahhhhhh the social programs will pay for themselves!!!!!

[AlbertaFarmer5]

The LNG export market was a race to be first to have the infrastructure in place, before the market gets saturated. It has been well known in industry that the late coming projects would not be feasible, hence the reason for all the foriegn money funding the locals to delay these projects as long as possible. They won, and the tree hugger's were just the useful idiots in the entire plan.