Pacific Northwest LNG president Michael Culbert says changes to the company's terminal plan for Lelu Island haven't been explained to the community yet.

NDP objects to conditions for Petronas LNG

Long-term restriction on taxes and gas royalties could tie the hands of future governments, NDP leader John Horgan says

Premier Christy Clark and officials of B.C.’s largest liquefied natural gas project are moving ahead with legal restrictions that the NDP says may tie the hands of future governments to change tax and royalty revenue from the industry.

Petronas-led Pacific Northwest LNG and the B.C. government signed agreements Wednesday to ship LNG from the port of Prince Rupert to Asia. They include rules for a long-term royalty agreement that Clark said provides the stability and certainty the company needs to make a $36 billion investment.

Legislation yet to be passed would put limits on increases to B.C.’s carbon tax, LNG income tax and natural gas tax credits available to investors.

NDP leader John Horgan said the agreements appear to give the investors what they need, but lack job guarantees and assurances that if the natural gas price improves, B.C. taxpayers will receive an adequate share of the resources they own.

“My biggest concern is that we’re tying the hands of future governments because a desperate government made commitments that they over-promised on and now they want to get a deal at any cost,” Horgan said.

Pacific Northwest LNG president Michael Culbert said he is pleased that the province has agreed to legislate a project development agreement, if Petronas and its investment partners agree to the terms later this year.

Pacific Northwest LNG hit a roadblock in recent weeks with a vote by the Lax Kw’alaams First Nation to reject the port site at Lelu Island, despite revenue sharing totalling more than $1 billion over 40 years of LNG shipments.

Culbert said answers to the community’s questions about changes to the project to protect Flora Bank, a shallow bed used by young salmon, were presented to the Canadian Environment Assessment Agency the day before Lax Kw’alaams members began voting.

Clark said there have been agreements reached with 14 of 19 aboriginal communities along the pipeline route, and she is confident that differences can be worked out with the rest, including the Lax Kw’alaams.

 

Just Posted

Baby, it’s nasty outside: wind and rain will continue across Vancouver Island

Police warn drivers and pedestrians to use precaution during expected rain and winds

Donation helps North Island College trades students

NIC receives $38,000 equipment donation from Seymour Pacific Developments Ltd

See the Heart of Winter at Port Alberni gallery

Group exhibit runs at DRAW Gallery until February

Future of McLean Mill in question after log pond incident

$200,000 allocated to dam repairs, water quality testing at national historic site

Enjoy a night of laughter at the Capitol Theatre

Outsiders Comedy Night is a fundraiser for STAGES Youth Theatre

Omar Khadr wants changes to bail conditions

‘My life is held in suspension’, says the former Guantanamo Bay detainee

Sissons scores OT winner as Predators beat Canucks 4-3

VIDEO: Vancouver battles back to earn single point in Nashville

High streamflow advisory in effect across the Island

River Forecast Centre issues advisory as Pacific storms batter the coast

Trapped Vancouver Island crash survivor celebrates second chance at life

“Life is good now. It’s good to be alive.”

Lions announce seven members of coaching staff not coming back for 2019

The operational moves come two days after the Lions announced DeVone Claybrooks as the team’s new head coach

VIDEO: Kitten rescued from under school bus in Duncan

School staff have affectionately called kitten “Axle”

$12K awarded to atheist family who oppose Christmas, Hanukkah in B.C. classroom

Gary Mangel,May Yasue said holidays, Remembrance Day and Valentine’s Day not appropriate in preschool

Coach accused of sexual assault says apology letter was misinterpreted

Dave Brubaker has pleaded not guilty to one count of sexual assault and one count of invitation to sexual touching

Give the gift of nature this holiday season

Please don’t be mad, but I bought you a moose

Most Read