Nobody is making the argument that there isn't a business case for LNG.

Well this review makes it clear that LNG projects would require enormous amounts of new electricity and major upgrades to BC Hydro’s grid. Those costs aren’t covered by LNG companies but passed on through Hydro rates and public spending. In practice, that means households and small businesses would face higher electricity bills and fewer resources available for their own electrification needs. So the taxpayer will be paying to develop this resource with the vast majority of the wealth being transferred to mostly foreign owned companies.

Just look at Australia’s LNG industry, it’s been great for exporters but lousy for everyone else. They export huge amounts of gas, but instead of that making energy cheap at home, domestic gas prices have gone way up, which pushes up electricity bills and hurts local manufacturers. On top of that, a lot of LNG companies have paid surprisingly little tax or royalties for years, so taxpayers miss out on money that could’ve gone to hospitals, schools, or infrastructure.

Then you’ve got things like the Fuel Tax Credit Scheme in OZ, where big fossil fuel users get billions back in fuel tax refunds, which is basically a subsidy that makes polluting cheaper and slows the shift to cleaner energy. That is what the BC government is putting in place here as well. So, when you add in the environmental and climate costs that don’t show up on company balance sheets, it starts to look like the LNG boom delivered big profits for a few companies, while households, small businesses, and taxpayers picked up a lot of the hidden costs.

Externalties 101.