By 2020, the British Columbia government hopes to see three major liquefied natural gas plants on the West coast of B.C. – something professional services firm EY estimates would generate more than $200 billion in investment.
Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.
An environmental advocacy group has launched a lawsuit against British Columbia’s Ministry of Energy and Mines and Texada Quarries, challenging the legality of the ministry’s recent approval of a coal export expansion on Texada Island.