CBC – B.C. LNG investment will yield long-term profits says energy analyst

The Early Edition · CBC News February 17, 2016

Global climate change commitments mean countries will buy LNG to clean energy supply says analyst.

The B.C. government made the right decision putting their eggs in the LNG basket, because the move will yield long-term profits, says one energy analyst.

The B.C. Liberals are putting $100 million of taxpayers’ money into a LNG prosperity fund and say more money will be added when the LNG industry takes off in B.C.

But the industry itself is warning that with oil prices falling the window of opportunity is rapidly closing. Some economists, however, maintain the future is bright for the natural gas industry because of climate change agreements.

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