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#LNG prices just hit record lows, and may never recover. Existing LNG plants shutting down. New plants being cancelled. Why is @jjhorgan risking spread of #COVIDbc to keep construction of dead #LNGCanada / #CoastalGasLink project twitching? #bcpoli #WetsuwetenStrong https://twitter.com/PlattsGas/status/1252802200683905024
#LNG is now a financial disaster. Even existing LNG plants, in countries with CONVENTIONAL gas (not expensive #frackedgas like BC) are leaving existing plants idle. Economics of #LNGinBC have become a #fracking nightmare. https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/042420-deal-to-restart-egypts-damietta-lng-plant-falls-through? #bcpoli
"Even when economic conditions get back to normal, these [ #FossilFuel] companies will not be profitable" https://www.aa.com.tr/en/energy/renewable/stimulus-packages-need-to-go-green-for-better-recovery/29047 #LNGinBC #bcpoli
"Analysts expect the renewable business to continue growing in 2020 and next year even as oil, gas and coal companies struggle financially or seek bankruptcy protection" https://www.nytimes.com/2020/04/07/business/energy-environment/coronavirus-oil-wind-solar-energy.html #JustRecovery #LNGinBC #bcpoli #renewableenergy
"‘ #Gasmaggedon’ hits BC... most forecasts suggest low [ #LNG] prices for years... prospects must weigh heavily on" @jjhorgan - Andrew Nikiforuk in @TheTyee https://thetyee.ca/Analysis/2020/04/18/Code-Blue-for-Oil/ #LNGCanada #bcpoli #Shell #wetsuwetenstrong
"Massive pullback in #oilandgas spending will ultimately help drive a recovery in crude and #LNG prices... but it also opens up a rare opportunity for #renewables to grab more market share" https://energy.economictimes.indiatimes.com/news/renewable/opinion-renewable-energy-wins-over-oil-and-gas-in-post-coronavirus-world-russell/75022639 #bcpoli #JustRecovery
Premiers of BC & Alberta disturbingly similar. Both dismiss rural economic diversification. Both deny importance of " #Renewableenergy... dropping in price... a healthy alternative amidst a #climateemergency" https://thetyee.ca/Analysis/2020/04/24/The-Emperor-Kenneys-New-Clothes/ #bcpoli #WetsuwetenStrong
