In a series of talks in the northwest, a geoscientist says the province’s bullish forecast for the LNG industry is vastly overstated.
In a presentation to Terrace City Council today, David Hughes, a energy expert and former scientist with the Geological Survey of Canada, says the province’s estimates of recoverable natural gas resources is seven times what the National Energy Board and the BC Oil and Gas Commission claim.
He questions many of the province’s claims in regards to the economic benefit, and environmental impact.
Hughes says realistically there might only be two terminals built in the northwest, with none being built also highly likely.
He adds that there’s only enough surplus natural gas in Canada to supply one terminal, and a second terminal would require natural gas to be imported.
Hughes characterizes the federal and provincial government as selling today’s finite resources at the expense of the future, arguing more funds should be invested in renewable energy infrastructure to enable cheaper prices in the future.
He also pointed out that shale gas extraction peaks and declines very quickly.
David Hughes is also the president of Global Sustainability Research.
His next presentation will be tomorrow in Smithers at the Northwest Community College at noon.