The real facts behind Christy Clark’s rosy claims.
In fact the only time the B.C. government made any money from shale gas was during a land lease boom nearly a dozen years ago. Ever since then, revenues have dwindled to next to nothing due to low royalties and taxpayer-funded subsidies to the ailing shale gas industry.
Dig deeper, and four more claims made by the B.C. government turn out to be liquefied natural gas whoppers as well.
New information on employment numbers, shale gas reserves, transmission lines and the LNG promise of economic prosperity show that stretching the truth remains a persistent trend in the Christy Clark administration.
Whopper #1: Vastly less gas to sell than claimed
Let’s begin with the government claim that British Columbia “has more than an estimated 2,900 trillion cubic feet (tcf) of marketable shale gas reserves,” or more methane in the ground than the entire United States.
Hughes pointed out in a report for the Canadian Centre for Policy Alternatives that the BC Oil and Gas Commission estimated that B.C. only had 376 tcf of marketable shale resources. (Hughes added 40 tcf to this number for good measure, for a total of 416 tcf, to account for possible resources in developing plays.)
…click on the above link to read the rest of the article…