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Saturday, January 19, 2019
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B.C. LNG Alliance stand on province’s GHG legislation

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The following is a written statement by Keene:

 Greater clarity is welcome by proponents, as they require fiscal and regulatory certainty to the overall cost of their projects. However, GHG legislation is just one component of the fiscal framework and overall cost structure in British Columbia.

 B.C. is a high cost environment and is the only jurisdiction that is expected to implement an LNG and carbon tax. Not only will our members be purchasing carbon offsets, but also paying royalties, GST, PST, payroll, municipal property and corporate taxes.

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Natural gas is the cleanest burning fossil fuel, and when it displaces coal greatly reduces GHG emissions. Natural gas from B.C. liquefied and exported to emerging markets in the Asia Pacific, holds great potential to provide a net global environmental benefit.

We are operating in a competitive global LNG market where cost of supply matters greatly. We need to find the right balance that enables British Columbians to get fair value for their resource, while ensuring our industry is able to compete globally now and over the long term.

The role of the Alliance is to foster the growth of a safe, environmentally and socially responsible LNG industry in B.C. that is globally competitive. Members of the Alliance include: Kitimat LNG (Chevron and Apache Canada); LNG Canada (Shell Canada Energy, PetroChina, KOGAS and Mitsubishi Corporation); Pacific Northwest LNG (PETRONAS, JAPEX, Indian Oil Corporation, Sinopec and PetroleumBRUNEI); Prince Rupert LNG (BG CANADA); Triton LNG (AltaGas and Idemitsu Canada) and Woodfibre LNG (Pacific Oil and Gas); WCC LNG (Imperial Oil and ExxonMobil Canada).

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