Concerns have surfaced in the province of British Columbia over Petronas’ massive potential investment in a liquefied natural gas project in the Canadian province.
Apart from the concerns among First Nations groups over the proposed site, the other worry is that the BC government would not receive all that much in return from taxes, other income and jobs for what is being viewed as the “massive privatisation of a public resource” in the province. Read Just How Bad Is BC’s LNG Deal with Petronas?
Now fresh concerns are being expressed about the BC provincial government’s dealing with an entity owned by the Malaysian government, which is mired in all sorts of corruption scandals and allegations. Read BCs Export Hopes Face ‘Scandal that Ate Malaysia’.
The point is, developed countries will find it tough dealing with domestic criticism over doing business with a government entity that ranks low in democracy, human rights, good governance and environmental standards especially in cases of environmentally sensitive projects with low returns to the public.