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

by ahnationtalk on July 23, 2015497 Views

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.

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