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

Growls and Hugs for May 22

Someone or something got your hackles up? Or maybe someone made you… Continue reading

Roads and weather for Revelstoke today

Scheduled construction: Highway 1 east:Paving operations between East Boundary of Mount Revelstoke… Continue reading

Jocelyn’s Jottings: Choice, government interference and abortion

Government officials in Alabama recently passed a law enforcing a near-total ban… Continue reading

Glimpses of Revelstoke’s past for May 22

120 Years Ago: Revelstoke Herald, May 20, 1899 Great improvements had been… Continue reading

Another climate rally scheduled for Friday in Revelstoke

Join students at City Hall to call for climate action

B.C.’s fight to regulate bitumen through pipelines to go to Canada’s top court

BC Appeal Court judges found B.C. cannot restrict bitumen flow along Trans Mountain pipeline

New Summerland distillery has received recognition

Alchemist Distiller won audience choice award at recent competition

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

Vancouver woman sexually assaulted after man follows her home; suspect at large

Police are looking for an Asian man in his 40s after the incident on Vancouver’s east side.

B.C. man, 30, arrested for driving his parent’s cars while impaired twice in one day

The Vancouver-area man was arrested after officers caught him driving impaired twice in one day

Rally for climate justice strikes Okanagan yet again

A handful of students were seen rallying in front of the Okanagan Science Centre

North Okanagan RCMP ready to arrest, for kids

Suspects sought for Jail & Bail Thursday, May 30

Grammatically incorrect tagging strikes Okanagan bylaw office

Anti-tag team will begin working next week to target such vandalism

Summerland reflexologist participates in record-breaking effort

Reflexology Association of Canada attempted to set new world record at Halifax convention

Most Read