Use caution with LNG predictions: report

first_imgIt recalls the Liberal government throne speech last February, which forecast a $100 billion windfall for B.C. as a result of a new LNG industry and talked about erasing the province’s $56 billion debt by 2028. However, the Sun says the 15 page Foundation report also notes the tempering of expectations generally turns out to be wise and would likely be useful in this case. The document also points out that “B.C. is coming late to the party” and competitors are well ahead in terms of their capacity to deliver product. It adds the province hasn’t even determined what its royalty regime is going to be, and costs will have to be carefully managed to remain competitive with the likes of Qatar and Australia. – Advertisement -The Foundation agrees the main markets will be in the far east, citing China, Japan and Korea, but it adds competition to serve them will be intense, and it will include the Americans.The report concludes that the opportunity to build a successful new industry in B.C. is solid, but that it’s not guaranteed, and that people who have become real estate speculators in communities like Fort St. John, should proceed with caution.To read the full Vancouver Sun article, click here.Advertisementlast_img read more

Light the torch: It’s time for the Anti-Globalization Games

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECasino Insider: Here’s a look at San Manuel’s new high limit rooms, Asian restaurant160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! I just love anti-globalization demonstrators. Not only do they provide an endless well of material and bring a touch of tear gas to otherwise dull World Bank and G-8 meetings, but they’re always full of surprises. The surprise isn’t that they’re protesting at the drop of a hat, but how the venues picked for their rabble-rousing can have so little relation to the topic of protest. Like the Olympics. Italian authorities didn’t so much fear al-Qaida-style disruption of the Turin Games, but have been on edge about the anarchist and anti-globalization contingents doing what they do best at one of the most inopportune times. Perhaps worry stemmed from the January incident in which protesters snatched the Olympic torch from Italian track star Eleanora Berlanda as the flame passed through the town of Trento. “I tried to hold on to the torch but they were pulling on it, and my wrist was being turned, so I had to let go of it,” she told the AP. Protests against a high-speed rail link from Turin to Lyon, France, forced organizers to change the Olympic torch route. At another stop, two protesters tried to smother the flame with a banner. God, they hate that torch! Might they think it symbolizes the all-consuming flame of capitalism eating away at their vision of utopia? In reality, the ultra-left, ultra-insistent protesters only need one occasion to engage in uncivil disobedience: a camera rolling. And – gasp! – corporate sponsors. The Olympics have them in spades – 39 percent of revenue for Turin, according to BusinessWeek. Because, as any good globalization opponent will tell you, it’s all the corporations’ fault. Everything. The Anti-Globalization Games are pretty much the same in winter and summer, and they’d never wait two years for the games to begin. When not perfecting their Molotov-cocktail throwing or boxing skills with local law enforcement, participants may be found competing in the Run from the Rubber Bullets, the Windowpane Smash-a-thon or Auto Rocking. The medals look more like handcuffs, and the podium ceremony is likely to be in a courtroom. These protesters were en force at the Athens Games, holding banners aloft reading “Destroy Olympics” and defacing walls with sayings such as “f— the Olym-pigs.” “With regard to the Olympic Games we say that Greece’s transformation into a fortress, NATO’s involvement, the presence and activities of foreign intelligence units show clearly that (the Olympics) are not a festival like Games organizers say, but it’s a war,” a group named Revolutionary Struggle – which began bombings in Greece in 2003 – said in a statement at the time. The Open Assembly of Anarchists-Antiauthoritarians in Athens wrote, “The olympic games are a front-window of capitalism and domination itself. An advertisement for the world of class slavery and for the means to impose it. A global gala, sealing in one more level the cooperation of the local bosses with multinational corporations, international political staffs and agencies of repression. … The olympics, as the bosses’ Grand Idea, propagandized by the whole spectrum of the authoritarian system (political parties, financial institutions and the Media) is a contemporary ideological machine to extract social consent, consisting of the most conservative figures, such as nationalism, to the most modern ‘values’ of consumerism and ‘voluntary’ offer of unpaid labor in the service of the bosses.” Still awake? And here we thought the Games were figure skating and the luge! So to the legions of black-shirted, bottle-wielding protesters, I say, give it a rest, and let people play some games in Turin. Maybe we can find some willing corporate sponsors for the next Anti-Globalization Games – matchbook companies, banner-makers and glass-repair services. Bridget Johnson writes for the Daily News. E-mail her at read more