Canada’s federal and provincial leaders must move quickly to work out new taxes and new ocean management practices to open the door for natural gas exports, former cabinet minister Jim Prentice says.
Mr. Prentice, who is now vice-chairman of the Canadian Imperial Bank of Commerce, has become one of the leading voices calling for Canada to embrace energy ties with Asia.
But in a speech to a B.C. government-organized LNG conference Monday, he warned that timing is critical.
“LNG growth is unfolding in real time, all around the world, and the biggest winners are far from being determined. For Canada, nothing is more urgent right now than getting in the game,” he said.
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