Spectra Plans to Pump Major Dollars Into North East
By 250 News
Friday, January 15, 2010 03:55 AM
Prince George, B.C.- Spectra Energy has plans for major investment in B.C. . Spectra’s VP Strategic Development and External Affairs, Gary Weilinger, says the company is planning to spend $1,5 billion dollars in infrastructure to support growth in the North East of the province over the next three years.
There will be a great deal of activity in the Chetwynd area this summer as about 500 contractors will be in the Grizzly Valley as Spectra overhauls the Pine River gas plant. It is Fort Nelson though that will see major work “Fort Nelson is going to be one of the biggest and most prolific natural gas producing regions anywhere in North America. “The program we have designed there will expand our existing gathering and processing capacity to meet the 800 million cubic feet a day of gathering and processing service we have committed today with Horn River area producers. That’s on top of the billion cubic feet a day of processing that’s at Fort Nelson now.” He says the company will make “optimal use of existing area infrastructure thereby minimizing need for new land and potential effects on the environment.”
Weilinger says the existing Fort Nelson sour gas plant will be the largest sour gas processing plant in North America. “It is already processing between 40 and 50 million cubic feet a day of the gas coming out of the Horn River region”
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I think the Alberta oil sands is a prime example of this happening and once in motion it is unstoppable to slow down its negative effects because of the dollars involved.
Once those resources are gone the people paying the price for that 'rush' of resource wealth will be the ones continuing to pay the price and picking up the pieces. That is the only guarantee that they will get.
As for this specific project I don't have enough information to make an informed judgment, but it fits the profile to date of the relationship between government revenue and industrial exploitation.
Time Will Tell