B.C. not prepared to consider more LNG concessions – and it shouldn’t – Financial Post

July 23, 2015

The British Columbia legislature passed late Tuesday evening the Liquefied Natural Gas Project Agreements Act, removing one of two final conditions to the start-up of the first LNG plant in the province.

The bill means that the Pacific NorthWest LNG project can now count on a 25-year fiscal deal that protects it from targeted tax increases.

In this age of energy-infrastructure bashing, aboriginal unrest, high environmental expectations, low oil and gas prices, the B.C. government’s ratification of the first LNG project agreement is historic.

Read More: http://business.financialpost.com/news/energy/bc-not-prepared-to-consider-more-lng-concessions-and-it-shouldnt