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.

Just Posted

Convicted animal abuser Catherine Adams to return to Quesnel court next week

Adams is facing a breach of probation charge stemming from a 2015 conviction in Smithers

Northwest Fire Centre open burn ban lifted

Recent rain, cooler temperatures have lowered the region’s fire risk

Telkwa pot plant application passes review

Cannabis company claims new Health Canada regulations are working in its favour

OPINION: Who watches the watchmen?

One of the most common questions I get asked is if I’m scared about the future of media.

BVCS hosts first ever ‘micro-business market’

Who says Dragon’s Den is just for adults?

Kelowna RCMP interrogation video brings home reality in ‘visceral way’: former TRC chairman

Video of Mountie interrogating young Indigenous woman disclosing sexual abuse under fire

Update: Mother dead, child in critical condition after carbon monoxide poisoning at Shuswap campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Canada’s parole officers say correctional system has reached breaking point

About half of Canada’s federal parole officers work inside penitentiaries and correctional institutions

Montreal researchers create audible hockey puck for visually impaired players

Three years ago, Gilles Ouellet came up with the idea for a puck that makes a continuous sound

Former B.C. Greyhound bus drivers head to Penticton for goodbye party

Big bash runs until Sunday, funded by drink cans left behind on busses over the years

Boy, 12, arrested after allegedly pulling a knife on another child at a Surrey park

The child was later released into his parents’ custody as Surrey RCMP continue their investigation

Full-scale search underway for missing kayaker on Okanagan Lake

Kelowna Paddle Centre member Zygmunt Janiewicz, 71, failed to return from his ‘daily kayak’ on the lake

ICBC urging drivers to slow down this May long weekend

Speed is number one cause of car crash fatalities: ICBC

Bucks hammer Raptors 125-103 to take 2-0 playoff series lead

Toronto heads home in a hole after second loss to Milwaukee

Most Read