GLG
Well-Known Member
Let me fix this for you....The deals they are making are with Indonesia, Korea, and possibly India. China is still involved in a way that they will make money from this.
The exporting of our resources does not put money in our pockets, it just gives us temporary jobs to pay for the increases on these resources that we are using because the exporting increases the demand which will drive the price up.
it just gives us temporary foreign worker jobs.....
Temporary foreign worker restrictions will hurt B.C.’s LNG development, minister warns
POSTMEDIA NEWSJUNE 25, 2014
CALGARY — British Columbia’s minister of natural gas urged the federal government to keep the doors open on temporary foreign workers as the province looks to head off a skill shortage tied to development of a liquefied natural gas industry.
“It’s critical, quite frankly, to the Canadian economy,” Rich Coleman said Wednesday in Calgary. “We can’t be like Australia and decide that we want to restrict the movement of labour coming in, because that really affected the cost of construction for these plants.”
A plan by the federal government to cap the number of low-wage foreign workers and impose higher fees on companies that make use of the program has raised the ire of politicians in Western Canada, which suffers from chronic labour shortages in key sectors from mining to energy.
The changes don’t target higher-skilled trades, Mr. Coleman told reporters following his address at an energy conference. But he cautioned against making broad changes to the program, warning they could jeopardize future investments in the country.
Related
LNG backers worry B.C. could see similar cost spikes as AustraliaPetronas warns Canada not to slaughter its LNG ‘golden egg’B.C. is counting on temporary foreign workers to help fill as many as 100,000 jobs if LNG projects materialize as planned.
The province is on the brink of a multi-billion-dollar resource boom as major energy companies seek to deliver natural gas by tanker to energy-hungry Asian markets, where prices are higher. As many as 14 of the export terminals are proposed, but analysts have cautioned that only a few will ultimately get built.
To meet industry workforce needs, the province has pledged to overhaul its education system and bolster local ranks of skilled tradespeople.
But an aging workforce and heated competition from rival export projects has stoked concern that B.C. is at risk of seeing the same sharp cost overruns that hampered Australia’s LNG boom.
“We can’t be like Australia and decide that we want to restrict the movement of labour coming in, because that really affected the cost of construction for these plants," Rich Coleman said Wednesday in Calgary.
Proponents of the mega-plants have put off final investment decisions while they jockey with the province over fiscal terms that may include a tax of up to 7% on export profits, once development costs are recouped. Labour availability is also a top concern, the companies say.
“I want to move a project forward as quickly as I reasonably can,” Marvin Odum, president of Royal Dutch Shell PLC’s U.S. subsidiary, told reporters in Vancouver last month.
“But until there’s some clarity on workforce issues and labour availability, you can’t make that decision.”
The European oil major is the lead partner in a joint venture with PetroChina, Mitsubishi Corp. and Korea Gas Corp.
Export rival Chevron Corp. may require as many as 4,000 workers during peak construction to build an export plant in Kitimat, B.C., plus 1,500 workers to construct a pipeline to the coast, Jeff Lehrmann, president of the company’s Canadian unit, has said.
Mr. Coleman said the companies are investing despite concerns. He said Shell has committed to spend between $1-billion and $1.5-billion as it works toward a final investment decision expected by mid-decade. A spokesperson for LNG Canada, as the project is known, was not immediately available for comment. Mr. Coleman said Chevron has begun site prep and has built a 19-kilometre industrial access road. “They’ve probably spent $1-billion,” he said.
http://www.canada.com/business/fp/T...+hurt+development+minister/9974390/story.html
Perhaps they need to change the slogan.... Jobs...Jobs...Jobs to TFWs...TFWs...TFWs
Or... 7 cents on the dollar...7 cents on the dollar...7 cents on the dollar..... for BC
I suspect when the price comes in it will be 5 cents on the dollar after 5 years.
That works out to the social cost of this project so it will be a give away.
Face Plant