B.C.’S new LNG Frame­work to de­liver record in­vest­ment, world’s clean­est LNG fa­cil­ity

Asian Journal - - FRONT PAGE -

Van­cou­ver: $40-bil­lion in­vest­ment by LNG Canada shows B.C.’S fu­ture can bal­ance eco­nomic op­por­tu­nity and job cre­ation with for­ward-look­ing en­vi­ron­men­tal ac­tion that meets the Prov­ince’s cli­mate ac­tion goals, said Premier John Hor­gan. “Bri­tish Columbians want a fu­ture that brings op­por­tu­ni­ties for them and their kids in the com­mu­ni­ties they call home, while liv­ing up to our re­spon­si­bil­i­ties to guar­an­tee clean air, land and water for the gen­er­a­tions that fol­low,” Premier Hor­gan said.

“Ours is a prov­ince of un­lim­ited po­ten­tial, and the re­spon­si­bil­ity of this gen­er­a­tion of Bri­tish Columbians is to make de­ci­sions that em­brace and pre­serve that po­ten­tial. To­day’s de­ci­sion by LNG Canada to in­vest in north­ern B.C. demon­strates that bal­anc­ing our eco­nomic, en­vi­ron­men­tal and rec­on­cil­i­a­tion pri­or­i­ties is pos­si­ble. It’s a bal­ance that will ben­e­fit the peo­ple of B.C. as we build a cleaner econ­omy.”

This pro­ject will see con­struc­tion of a nat­u­ral gas pipeline from northeast B.C. to Kiti­mat where a new ter­mi­nal will process and ship LNG to Asian mar­kets, gen­er­at­ing $24 bil­lion of di­rect in­vest­ment in B.C.

This record in­vest­ment was en­abled by the B.C. gov­ern­ment’s new LNG Frame­work, re­leased in March 2018. In line with the gov­ern­ment’s ap­proach to LNG, projects should:

• Guar­an­tee a fair re­turn for B.C.’S nat­u­ral re­sources: This pro­ject is ex­pected to gen­er­ate about $23 bil­lion in pub­lic rev­enue over 40 years – new funds avail­able to in­vest in health care, schools, child care and other key pub­lic ser­vices.

• Guar­an­tee jobs and train­ing op­por­tu­ni­ties for Bri­tish Columbians: This pro­ject will cre­ate up to 10,000 jobs dur­ing con­struc­tion and up to 950 per­ma­nent jobs once op­er­a­tions are un­der­way.

• Re­spect and make part­ners of First Na­tions: Pro­ject part­ners have reached agree­ments with elected

First Na­tions at the pro­ject site and along the pipeline route.

• Pro­tect B.C.’S air, land and water, in­clud­ing liv­ing up to the Prov­ince’s cli­mate com­mit­ments: LNG’S Canada pro­ject, as an­nounced to­day – the world’s clean­est in terms of green­house gas emis­sions – will be ac­com­mo­dated within the pro­cess­ing plant and part­ner with First Na­tions, this pro­ject can be made real as we meet our cli­mate pro­tec­tion goals and rec­og­nize Indige­nous rights.”

The Prov­ince has com­mit­ted that large nat­u­ral gas de­vel­op­ment projects may pro­ceed only if First Na­tions are con­sulted and treated as part­ners in projects within their ter­ri­to­ries.

Karen Ogen-toews, First Na­tions LNG Al­liance CEO, stated: “This is their mem­bers and other Cana­di­ans. LNG Canada has been a leader in deal­ing with First Na­tions. Our con­grat­u­la­tions and thanks to their part­ners.”

“This is an un­prece­dented level of in­vest­ment in Bri­tish Columbia and we wel­come the eco­nomic op­por­tu­ni­ties this pro­ject will pro­vide for peo­ple and com­mu­ni­ties through­out the prov­ince,” said Michelle Mun­gall, Min­is­ter of En­ergy, Mines and Petroleum

Premier John Hor­gan

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