Horgan says B.C. LNG industry more likely under NDP government

B.C. Liberals added costs to the projects that scared off investors

B.C. premier John Horgan says LNG projects in the province were never likely to succeed under the previous B.C. Liberal government.

Horgan was answering general questions from the media in Vancouver on Wednesday, September 26, following a press conference to announce that the provincial government is capping rental increases.

“The B.C. Liberals kept piling on costs onto an industry that had not yet even been established in British Columbia, and that scared away some investors as international prices came down,” said Horgan.

He said that after the election the NDP government was presented with a list of challenges the LNG sector was experiencing in the province with respect to its ability to compete against global LNG producers.

The sector expressed its concern that the program the Liberal government put in place would make doing business in the province too costly.

“We have dismantled that package and put forward a new package that’s hopefully going to meet the industry’s competitive needs,” said Horgan.

In March Horgan announced that if LNG Canada decided to go ahead with the project the provincial government would be scrapping the LNG tax and offering LNG Canada exemption on provincial sales tax for its construction.

He also announced that B.C. Hydro would provide the industry with power at standard industrial rates.

The catch was that in order to take advantage of the concessions, which would see LNG Canada realize savings of $6 billion over 40 years, the company would have to announce their Final Investment Decision (FID) by November.

“We will be treating the LNG sector like any other investor. Whether you’re coming to invest in the forest industry, in the mining industry, we want to treat everybody exactly the same.”

Horgan wouldn’t be drawn into answering questions about an expected date for LNG Canada’s FID.

He said instead that a decision by LNG Canada’s Joint Venture Partners to go ahead with the $40 billion project would depend on a number of factors, including market conditions and the availability of low-carbon-intensive gas in some of the fields in northern B.C. and northern Alberta.

“We’ll see what LNG Canada does, but should they proceed with a final investment decision, it would certainly be significant for our province,” said Horgan.

He said the project would generate much-needed revenue for the province that could be spent on expanding services, especially education, health care and housing.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Wet’suwet’en hereditary chiefs to meet today with federal and B.C. governments

Nationwide rail and road blockades have been popping up for weeks

Burns Lake council defers decision on sidewalks

New sidewalks would delay paving of two avenues

Burns Lake gun owners oppose proposed rifle ban

‘It will only punish law-abiding Canadians’

MLA says government support for forest industry is lacking

Budget also affects natural gas consumers in the region

51 health professionals send letter to Trudeau, Horgan panning Coastal GasLink

They point to studies about the health and climate change risks from pipeline

B.C. residents in Wet’suwet’en territory have right to police presence: Public Safety Minister

Nevertheless, Bill Blair said officials remain ‘very anxious’ for the barricades to come down

Chinatowns across Canada report drop in business due to new coronavirus fears

Around the world, about 81,000 people have become ill with the virus

VIDEO: Province promotes ‘lifting each other up’ on 13th annual Pink Shirt Day

Students, MLAs, community members gathered at B.C. Parliament Buildings Wednesday

Prepare for new coronavirus like an emergency, health minister advises

About 81,000 people around the world have now become ill with COVID-19

Winnipeg police investigating graffiti on RCMP and other buildings

Manitoba Justice Minister Cliff Cullen denounced the vandalism

B.C. seniors’ watchdog calls for better oversight after recent problems at Retirement Concepts care homes

‘There is no financial incentive right now to be a good operator’ - Isobel Mackenzie

Trucking company fined $175K for Kootenay creek fuel spill

Decision handed down last Friday in Nelson court

B.C. city rebrands with new logo, cheeky slogan

‘Langford, where it all happens’ is the City’s new slogan

B.C. Liberals call for ban on foreign funds to pipeline protesters

Sierra Club, Wilderness Committee back Coastal GasLink blockades

Most Read