Today’s $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.
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 Canada’s project, as announced today – the world’s cleanest in terms of greenhouse gas emissions – will be accommodated within the government’s legislated emissions reduction targets.
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.