The B.C. government unveiled a new natural gas development plan Thursday in an attempt to trigger a final investment deal with LNG Canada, the proponents of B.C.’s largest proposed liquefied natural gas export terminal, located in Kitimat.
The NDP’s new framework offers LNG Canada and other companies tax reprieves and exemptions and a cheaper electricity rate than the previous B.C. Liberal government extended to the industry. The government is also offering a carbon tax break to LNG companies if their facilities can meet the “cleanest” operating standards in the world.