Possibly. But if it is because of the change of government it's odd that Petronas would make such a major decision just a few weeks in, without discussions with the new premier. That's hardly 'due diligence' on their part.

On the other hand, there's a suspicion that the BC Liberals were giving the resource away in their desperation to create this new industry. Perhaps Petronas would simply rather negotiate royalties with the BC Liberals, and are more interested in influencing an election that is probably only 18 months away.