There was a recent report from the Brattle Group entitled “LNG and Renewable Power - Risk and Opportunity in a Changing World” that states:
The investment risk of these proposed LNG export projects is increasing because there is a significant possibility that, over the 20 years of a typical LNG contract, power production from renewable energy sources will become less costly than the LNG sales prices needed to justify the upstream LNG investment cost
With so many of the emerging markets we talked about that we are hoping to sell LNG into, including China, making heavy investments in renewable energy, what's the financial viability of the entire LNG sector in Canada, especially British Columbia, in the long term? Do you see LNG facing some of the same supply and demand problems in the future that the oil sector is facing today?