They must have just made the deadline, when the story broke about the cancellation of the Ridley Island LNG terminal planned by WestPac for Prince Rupert.
The Daily News featured a small quarter column blurb on the front page, with the promise of an analysis of the decision to come in Wednesday's paper.
You can get a head start on your reading, by checking out our post to this blog made earlier today.
REGION LOSES HUGE LNG PROJECT, JOBS
Canadian Press
The Daily News
Tuesday, July 31, 2007
Page one
VANCOUVER (CP) - A $2 billion project to build a liquefied natural gas import terminal and gas-fired power plant in Prince Rupert is being moved.
Instead, the privately held company in charge of the project says it will build the facility on Texada Island, in the Georgia Strait between Vancouver Island and the mainland.
WestPac LNG president Mark Butler says the new project is aimed at providing a secure supply of natural gas to the province and will help B. C. reach its plans for electricity self-sufficiency.
Butler says the company had been working for two years to locate the project in Prince Rupert, but changed its mind because of the soaring cost of materials.
he said the company may consider the North Coast city as a satellite facility in the future.
Butler says officials in Prince Rupert were notified about the company's change of plans in February.
See tomorrow's Daily News for analysis of what this announcement means for the city.
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