About new LNG legislation…

By Bill Bennett,

Kootenay East MLA

1. Currently, there are 18 potential Liquified Natural Gas (LNG) projects in B.C. Combined, these projects have invested more than $7 billion to acquire natural gas assets and $2 billion to prepare for construction of LNG infrastructure.

2. LNG income tax will be applied to net income from production of liquefied natural gas at rate of 3.5%. The rate is competitive and ensures British Columbians receive return on resource. Royalties also payable at the wellhead in northeast B.C.

3. B.C.’s greenhouse gas emissions intensity benchmark for LNG facilities is the world’s cleanest and companies will have flexible options to achieve standards – including purchasing offsets and contributing to a technology fund.

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