In a speech from the throne, Lt.-Gov. Judith Guichon says that LNG industry is an opportunity that represents a turning point for B.C., but success requires hard work.
The LNG-dominated speech comes just hours after news broke that Malaysian energy giant Petronas threatened to pull out of its multibillion-dollar investment in B.C. unless the deal becomes more economically viable.
The Petronas announcement, which the government has been downplaying as negotiating tactics, comes on the same day the Liberals were preparing to trumpet LNG as the opportunity the province must be willing to seize to achieve economic strength.
Guichon says the government will use this fall’s legislative session to move ahead with its framework to ensure the LNG industry benefits the owners of the resource, the people of British Columbia.
She says coming LNG legislation will include environmental protection regulations that will lead the fight against global warming.