Shell ready to proceed

SHELL WILL CONTINUE WITH B.C. ENERGY PLANS DESPITE POLITICAL UNCERTAINTY

Royal Dutch Shell will forge ahead with its energy development plans in British Columbia regardless of the uncertainty swirling around the province’s political future, says the company’s Canadian country chair.

Energy investments in B.C. have been cast into doubt after the May 9 provincial election that saw the Liberals win 43 seats and the NDP take 41— a situation that gives the Green party the balance of power with their three seats.

Last week, the NDP and Greens formalized an alliance that could see them oust the Liberals from power. But Michael Crothers, president of Shell Canada, said that shouldn’t deter the company’s plans for a liquefied natural gas export project in Kitimat, B.C., because NDP Leader John Horgan has backed that project.

“We’re optimistic we’ll get support if we choose to proceed,” Crothers said in an interview Tuesday.

Horgan has said he supports the project. But Green Leader Andrew Weaver has expressed opposition to LNG development.

Crothers said after the sale of Shell’s oilsands assets to Canadian Natural Resources closed last week, the company will also now concentrate on its shale oil and gas properties in B.C. and Alberta, along with its refining and chemical businesses near Edmonton.

Shell and its partners in LNG Canada — PetroChina, Korea Gas and Mitsubishi — announced last summer a final investment decision for the Kitimat facility would be delayed because of poor global markets.

But Crothers said Tuesday the market appears to be improving as China and India move away from burning coal. He said there’s still no timeline for an investment decision.