Business in Vancouver: LNG Canada held up as model for successful investing in Canada

  • November 16, 2018

[EXCERPT]

Competitiveness has, in fact, become a major concern for Canadian businesses and foreign investors. It was the topic of discussion by Horgan and LNG Canada CEO Andy Calitz at the BC Business Summit hosted by the Business Council of BC.

Billions of dollars worth of energy projects, including pipelines, have been killed or delayed in Canada in recent years by regulatory inertia and opposition from environmentalists and First Nations.

The result of cancelled and delayed oil pipelines is a deep discount on Canadian oil that is costing the Canadian economy billions.

Both Horgan and Calitz suggested that the $40 billion final investment decision by the LNG Canada partners addresses some of that cynicism.