LETTER: Benefits of Woodfibre LNG overblown

Larry Miller says Woodfibre LNG will cost more money than it makes.

The recent announcement an LNG plant will be built on Howe Sound appears to be good news, certainly for the jobs and long-term economic benefits of BC. But is it?

Although not covered in the article (“Woodfibre LNG to be first LNG plant built in B.C.,” NDR vol.19, Nov. 10), the hydro electric power offered has been reported to be at the rate of 5.3 cents per KWh (reduced from over 8 cents per KWh).

This is about half of the loaded rate (inclusive of all taxes, fees and delivery) available to the average home owner in BC. Has the Premier agreed to subsidize this operation to make it financially viable?

It has also been reported the market price of LNG is about $7 per million BTU, while even with reduced power costs, the Woodfibre operation will cost over $10 per million BTU. Who are “we” selling this expensive LNG to?

Larry Miller, via email

Just Posted

Man shot dead in Cloverdale ID’d as hockey coach and father of two

Paul Bennett was ‘a champion for the sport,’ team manager says

BREAKING: Fire destroys Chilliwack restaurant

Popular Banners Restaurant goes up in flames Sunday morning.

Moms of those killed by illicit opioids take to B.C. Legislature in call for action

Moms Stop the Harm, a nationwide network of families who have lost loved ones to overdoses rally

North Delta crime beat: week of June 12

A selection of property crimes submitted weekly by the Delta Police Department

Man shot dead in Clayton area of Surrey, witnesses sought by police

It happened in the 18200-block of 67A Avenue

VIDEO: Canadian toddler caught practising hockey skills in crib

Eli Graveline is getting praise from far and wide as the internet freaks out of cute throwback video

Mudslide 15 km north of Lillooet reduces highway 99 to one lane

Commercial truck legal load reduced by half between Fountain Valley Road and Pavilion-Clinton Road

Canadian Syrian children’s choir not to attend festival over fears about U.S. travel

Many kids are recent immigrants from countries covered by Trump travel ban

VIDEO: Plane crashes in Langley farm field (updated)

Plane lost power shortly after takeoff, RCMP told

B.C. teacher ends Jeopardy! winning streak, taking home US$69,000

Ali Hasan, from New Westminster, has been gaining fans as a “one-man invasion,” says Alex Trebek

1 man in critical condition after ‘serious’ stabbing in Downtown Eastside: police

Vancouver police say there was an altercation and stabbing appears targeted

Jett Woo highlights 5 Canucks choices on Day 2 of NHL entry draft

WHL star out of Moose Jaw tabbed in Round 2

Most Read