Quote:
Originally Posted by PepsiFree
We had a conservative government for 9 years including 4 as a majority government. Why didn’t they create the appropriate LNG capacity then?
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I absolutely loathe this argument.
Liberals have been in power since 2015. Shale gas started being a thing in the US around 2007, and Canada's shale gas resources (Montney/Duvernay) are a bit more difficult to extract than the US stuff, and a lot more difficult to get to market, given the geography. The large fracs required for adequate exploitation of these resources didn't really start being a thing until 2016/2017 (after the Liberals were in power). It took time for technology to catch up to how best to develop the resource.
So to answer your question, a lot of these projects did try and get off the ground in the early 2010s under a conservative government, but the well results weren't quite good enough to support the billions of dollars of investment needed. That's changed over the last 5-6 years, but (leftist) policies have made it too difficult and onerous to get a terminal built in a reasonable amount of time.