The Northern View, December 31, 2014

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PRINCE RUPERT VOL. 9 NO. 53

Wednesday, December 31, 2014

FREE

News Citywest hands over $400K to city Page 2

Feature Looking back on 2014 in Rupert Pages 3-12

Sports Peewee Seawolves take on Terrace Page 13

Breaking News

thenorthernview.com Updated during the holidays

Pacific NorthWest on a signing spree BY TODD HAMILTON PRINCE RUPERT / The Northern View

The big announcement never came but 2014 ended with a flurry for Pacific NorthWest LNG. The company, which proposes to construct a major LNG terminal on Lelu Island, had been planning on making a final investment decision (FID) worth $36 billion by the end of the year. Instead, Pacific NorthWest LNG and its parent company Petronas delayed that decision. Despite the delay, the LNG giant has rattled off a number of major agreements since the FID delay announcement. On Dec. 22, the Kitselas First Nation and Pacific NorthWest LNG announced the signing of an Impact Management Benefits Agreement (IMBA) term sheet. The term sheet is an integral step toward concluding negotiations

“Our agreement ... addresses the environmental and social safeguards we require...” - Joe Bevan and finalizing an agreement between the two parties. “Our agreement with Pacific NorthWest LNG addresses the environmental and social safeguards we require in negotiations, as well as the delivery of economic, employment and educational benefits for our community,” said Kitselas Chief Joe Bevan. “These core components mean substantial benefits for our community – now and in years to come.”

As part of the term sheet, Pacific NorthWest LNG and Kitselas First Nation have committed to working together in an atmosphere of mutual respect and co-operation regarding the permitting, monitoring, construction and operations of the Pacific NorthWest LNG project. “I would like to commend Chief Joe Bevan for his vision and goal of building a mutuallybeneficial relationship between the Kitselas First Nation and Pacific NorthWest LNG,” said Michael Culbert, president of Pacific NorthWest LNG. “Our project represents a generational opportunity that will provide economic benefits, as well as education and business opportunities for the Kitselas First Nation.” See LNG on Page 2

From our family to yours, warmest wishes for a Happy New Year

Gordon Kobza www.gordonkobza.com

250.624.9298 Suite 6 - 342 3rd Ave W. info@gordonkobza.com


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