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T HREE R IVERS R EPORT

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The Interior News

Wednesday, July 1, 2015

Legislature called back July 13 to approve Pacific Northwest LNG deal By Tom Fletcher Black Press

The B.C. legislature is being recalled July 13 to examine and approve a 25year tax and royalty agreement for B.C.’s first major liquefied natural gas investment. Finance Minister Mike de Jong said last Tuesday a project development agreement for Pacific Northwest LNG’s pipeline and export terminal near Prince Rupert has been approved by the energy companies proposing the investment of up to $36 billion. The project still needs federal environmental approval and an agreement with Coast Tsimshian and other First Nations in whose traditional territories the pipeline and shipping facilities would be built, including Gitxsan territory north of Hazelton.

Members of the Lax Kw’alaams Band voted down an offer from Pacific Northwest LNG in May, citing concern about the terminal’s impact on salmon habitat in the Skeena River estuary, despite a design change to build a bridge for the pipeline above the area known as Flora Bank. The province revealed the general outlines of the project agreement in May. It provides minimum gas royalty revenues for B.C., with increased revenue to the investors if the spread between North American and Asian prices increases during the term. It also provides for compensation to the investors if future governments impose “discriminatory” increases to carbon tax or greenhouse gas regulations on LNG plants during the next 25 years. NDP leader John Horgan said he is concerned that the B.C. Liberal

government over-promised the benefits of LNG development and may now be offering “too much lolly” to land the first big deal. Pacific Northwest is a consortium led by Malaysia’s state-owned energy company PETRONAS, its Canadian subsidiary Progress Energy, Chinese state firm Sinopec, Indian Oil Corp., Japan Petroleum Exploration Corp. and Petroleum Brunei. The B.C. government approved a separate 3.5 per cent LNG income tax last fall, and passed legislation to control the amount of property tax the local government can impose on the project. Limits were also placed on conventional pollution and greenhouse gas emissions from the project, with carbon offsets required if the operation exceeds 0.16 tonnes of carbon dioxide equivalent per tonne of LNG produced.

Finance Minister Mike de Jong

Black Press photo

Unlocked cars targets by thieves Police Beat

Week of June 18 - 24

New Hazelton RCMP responded to 98 calls during this week. June 19 — Multiple unlocked vehicles in and around the 4200 block of Thirteenth Avenue in New Hazelton were entered and searched. Change and minor items stolen. June 20 — At 2:30 a.m., a vehicle was stopped near Churchill Street in New Hazelton. The driver displayed signs of alcohol impairment. After failing a roadside screening test, the driver

was fined, prohibited for 90 days, and the vehicle impounded for 30 days. June 21 — Police responded to the ball field in Kispiox for reports of two intoxicated females causing a disturbance. One suspect was located and arrested. She was held until sober and released without charge.   June 24 — In the early evening several quads were observed driving near Wiggins Way in Gitanmaax.

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Smithers Interior News, July 01, 2015  

July 01, 2015 edition of the Smithers Interior News

Smithers Interior News, July 01, 2015  

July 01, 2015 edition of the Smithers Interior News