Another severe blow to Canada’s economy.
Canada’s increasingly-vulnerable economy has suffered another blow.
Exxon Mobil has announced their withdrawal of the environmental assessment application they filed for a $25 billion liquid natural gas export facility in B.C.
The withdrawal of the assessment is tantamount to scrapping the project.
While Exxon Mobil had enough confidence to push the project forward under the Harper government, it’s no surprise that under the anti-energy Trudeau Liberals the project is being scrapped.
Exxon Mobil has not given their official reason for cancelling the project, but it’s simply the latest example of the brutal investment collapse afflicting the nation as the Trudeau Liberals bow down to far-left radicals and damage the best interests of the country.
As noted by BNN Bloomberg, “Earlier this year, Calgary-based Imperial took a writedown of $289 million on its northern B.C. Horn River shale gas development, a 50-50 venture with Exxon that was once expected to become a major supply source for B.C.’s LNG industry.”
The reality is undeniable: The longer Trudeau remains in power, the worse the damage to the economy gets.