On February 25 at a conference called Fuelling the Future: Global opportunities for LNG in BC, Premier Christy Clark announced that British Columbia will provide up to $120 million in royalty credits to the industry in 2013, through the existing Infrastructure Royalty Credit Program (IRCP). The program, established in 2004, allows resource companies to recover up to 50 % of the cost of roads and pipelines through credits that reduce royalties payable to government.
At the same conference, the Premier announced that the government will provide $32 million to the First Nations Limited Partnership (comprised of 15 northern First Nations) to facilitate their non-equity investment in the proposed Pacific Trails Pipeline project , a 463-kilometre pipeline planned to run from Summit Lake, north of Prince George, to the proposed Kitimat LNG facility on the coast.
Liquified Natural Gas: A Strategy for British Columbia’s Newest Industry, published in Feb. 2012, is at: http://www.gov.bc.ca/ener/popt/down/liquefied_natural_gas_strategy.pdf
See the new B.C. government website at: http://engage.gov.bc.ca/lnginbc/ for all LNG developments.