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B.C. brings in tax credit to help spur liquefied natural gas investment

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British Columbia is changing the province's tax structure for liquefied natural gas projects with Finance Minister Carole James saying the government is aiming to encourage more development through a natural gas tax credit.

James introduced legislation Monday that she said meets the objectives set out a year ago by Premier John Horgan in a policy framework.

However, the Green party said the government's actions are hypocritical because they stray from its CleanBC plan to reduce carbon pollution.The government said the tax changes it is making will provide the fiscal framework needed for the project, which is expected to create 10,000 construction jobs and up to 950 permanent jobs in the processing terminal.

Green party Leader Andrew Weaver said in a statement the government's actions are pulling the province in two different directions. Weaver, who is the lead author of four United Nations intergovernmental climate change reports, said investments in renewable energy infrastructure would invite innovative industries to the province.

 

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Cutting off Alberta oil & gas but subsidizing BC oil & gas. This will cost him in court when his stories of saving the tide water & anti-pipeline do not line up.

But fights AB oil exports in court- under Trudeau Confederation is falling apart...

Meet the new boss. Just like the old boss. Eh, jjhorgan ?

Not gonna happen. Trump wants to sew up The LNG Market from The Delta.

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