Horgan admits concessions were made to secure LNG deal
Posted October 7, 2018 3:15 pm.
This article is more than 5 years old.
KITIMAT (NEWS 1130) – Liquefied Natural Gas was on the mind of Premier John Horgan as he spent part of the long weekend in Kitimat.
LNG Canada’s $40-billion export terminal for the district was announced last week, and is the largest private sector investment in Canadian history.
While talking about the difficulties faced in securing the deal, Horgan did admit some concessions had to be made.
“What is it that’s delaying a final investment decision? And we were told that we weren’t competitive. What would a framework be that’s reasonable for investment, but also would see a return to British Columbia and that’s what we came up with. Eliminating the LNG corporate tax. We made the investment climate fair for everybody.”
The project involves a pipeline carrying natural gas from Dawson Creek to a processing plant on the coast in Kitimat.
The gas would then be liquefied for overseas export.
Horgan says despite concerns about green house gas emissions, the project is one that will benefit B.C.
“LNG Canada has committed to the lowest emission profile of any project of its type and we’re going to take those emissions and fit them into a provincial plan. We’re protecting our environment, we’re growing our economy, and we’re making sure the benefits of both of those activities are felt right across the province.”
