Premier Christy Clark addresses Truck Loggers' Association convention in Victoria Thursday.

Clark plans pitch to laid-off oil workers

Premier Christy Clark sticks to prediction of three LNG export plants by 2020, as oil and gas prices drop

Premier Christy Clark says the sudden drop in oil and gas prices might delay her government’s push for liquefied natural gas exports, but she is sticking to her latest prediction of three LNG export facilities in B.C. by 2020.

In a speech to the annual Truck Loggers’ Association convention in Victoria Thursday, Clark put a brave face on the global skid in energy markets and emphasized the need for more forestry workers. As she did the previous day at a natural resources forum in Prince George, Clark mentioned her government’s tentative plan to place ads at Fort McMurray airport urging B.C. workers to “come home” for job openings expected here as oil sands operations slow down.

Retirements and a recovery in the U.S. housing market will open up thousands of jobs in the forest industry, which will compete with LNG developments for equipment operators and other skilled workers, Clark told logging company executives.

Optimism for LNG is harder to find in the current world market, with some analysts saying U.S. gas exports are not competitive based on current price forecasts and competition from cheap oil.

A surge of new shale gas supply from the U.S. and other countries was already driving down LNG prices before crude oil dropped below $50 a barrel in recent weeks.

The price drop prompted the Canadian Association of Oilwell Drilling Contractors to downgrade its 2015 forecast for rig activity by 36 per cent this week. The association was forecasting nearly 11,000 oil and gas wells to be completed in Western Canada this year, but has cut that to 6,600 because of the price drop.

 

Just Posted

Still barriers to abortion access on Vancouver Island

Experts say transportation, support, doctors can be barriers to accessing abortion

Langford trucks vandalized for third time in five months

Staff member spends weekend washing after six trucks hit with graffiti

Oak Bay dog walk benefits guide dogs

Two more walks set for Sunday in Victoria and Colwood

Kelowna toddler suffers cracked skull after fall from balcony

Neighbour who found the two-year-old boy said he has a bump the size of a golf ball on his head

Greater Victoria wanted list for the week of May 21

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Were you satisfied with the Game of Thrones series finale?

Millions gathered in front of their televisions Sunday night to watch the… Continue reading

RCMP probe if teen was intentionally hit with ski pole by mystery skier on B.C. mountain

The incident happened on March 20 on Grouse Mountain. Police are urging witnesses to come forward

Support growing for orphaned Okanagan child after father dies in highway crash

Family thanks emergency crews for assistance in traumatic incident

Pipeline protester chimes in on Justin Trudeau’s B.C. fundraising speech

The government purchased the Trans Mountain pipeline and expansion project for $4.5 billion

Baby boom seniors putting pressure on B.C. long-term care: report

B.C. leads Canada in growth of dementia, dependence on care

UPDATED: B.C. man says he’ll take People’s Party lawsuit as far as he can

Federal judge shut down Satinder Dhillon’s ‘nonsensical’ motion to bar use of PPC name in byelection

Canada stripping citizenship from Chinese man over alleged marriage fraud

The move comes amid severely strained relations between Ottawa and Beijing

Most Read