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

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

(Left to right) Brandon Kloot, board member with John Kampman, board chair, and Matt Van Muyen, System Principal at Unity Christian School pose with the sold sign on a 8.1 acre property the school has purchased to plan for future growth, November, 2020. (Submitted photo)
Land purchase by Unity Christian will help with future growth

New acquisition ‘promises to be a blessing for the long-term future of our school’ says board chair

Santa Claus makes his way through the Cottonwood Centre shopping mall during his big arrival in 2019. (Jenna Hauck/ The Progress)
Santa’s Cottonwood Centre visits in Chilliwack cancelled by COVID

Provincial health orders mean Santa won’t be able to visit children, even with physical distancing

Google Maps screenshot taken at 6:07 a.m.
TRAFFIC: Westbound dump-truck crash on Highway 1

Crash occurred around 6:45 a.m., west of 232nd Street in Langley

Hope Secondary School. (Emelie Peacock/Hope Standard)
Third COVID-19 exposure at Hope Secondary Nov. 24

School district has lowest rates of exposure in all of Lower Mainland: superintendent

Meaghan Esmeijer delivers fully packed diaper backs to the maternity floor of Chilliwack General Hospital as part of the Southside Church ‘Love them Both’ program. (Submitted photo)
Chilliwack’s Southside Church spreads Christmas cheer with ‘All is Bright’ day

The fifth annual community outreach event happens Nov. 28 with activities throughout Chilliwack

B.C. Health Minister Adrian Dix and provincial health officer Dr. Bonnie Henry update the COVID-19 situation at the B.C. legislature, Nov. 23, 2020. (B.C. government)
B.C. sets another COVID-19 record with 887 new cases

Another 13 deaths, ties the highest three days ago

Arthur Topham has been sentenced to one month of house arrest and three years of probation after breaching the terms of his probation. Topham was convicted of promoting hate against Jewish people in 2015. (Photo submitted)
Quesnel man convicted for anti-Semitic website sentenced to house arrest for probation breach

Arthur Topham was convicted of breaching probation following his 2017 sentence for promoting hatred

Langley School District's board office. (Langley Advance Times files)
‘Sick Out’ aims to pressure B.C. schools over masks, class sizes

Parents from Langley and Surrey are worried about COVID safety in classrooms

The baby boy born to Gillian and Dave McIntosh of Abbotsford was released from hospital on Wednesday (Nov. 25) while Gillian continues to fight for her life after being diagnosed with COVID-19.
B.C. mom with COVID-19 still fighting for life while newborn baby now at home

Son was delivered Nov. 10 while Gillian McIntosh was in an induced coma

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. Premier John Horgan, a Star Trek fan, can’t resist a Vulcan salute as he takes the oath of office for a second term in Victoria, Nov. 26, 2020. (B.C. government)
Horgan names 20-member cabinet with same pandemic team

New faces in education, finance, economic recovery

A new ‘soft reporting’ room is opening inside the Ann Davis Transition Society offices on Dec. 1, 2020 which is thought to be the first of its kind in B.C. (Ann Davis Transitional Society/ Facebook)
New ‘trauma-informed’ reporting room opening next week in Chilliwack

It’s a space for reporting domestic violence, sexual assault, or gender-based violence to police

The corporate headquarters of Pfizer Canada are seen in Montreal, Monday, Nov. 9, 2020. The chief medical adviser at Health Canada says Pfizer’s COVID-19 vaccine could be approved in Canada next month. THE CANADIAN PRESS/Ryan Remiorz
Health Canada expects first COVID-19 vaccine to be approved next month

Canada has a purchase deal to buy at least 20 million doses of Pfizer’s vaccine,

The online poster for Joel Goddard, who left his Willoughby home Nov. 10, 2020, has been updated by his family and friends who received word that he’s been found.
Langley man missing since Nov. 10 found alive and safe in Abbotsford

Family of the Willoughby area man had been searching for days. Police find him at Abbotsford Airport

Most Read