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Canada’s plan for responsible resource development

LNG Industry,

Canada’s Minister of Natural Resources, Greg Rickford, has highlighted how Canada’s plan for responsible resource development is supporting jobs, protecting the environment and enhancing First Nations engagement.

Rickford reinforced Prime Minister Stephen Harper’s recent announcement accelerating the capital cost allowance on equipment used for LNG development from 8% to 30%. The government is supporting the Province of British Columbia’s (B.C.) efforts to advance LNG development, creating Canadian jobs and generating revenue to support critical social programs.

Pipeline safety act

The minister also discussed how the government is enhancing protection of the environment through its Pipeline Safety Act and improving Canada’s energy transportation systems, as well as undertaking new initiatives designed to enhance First Nations engagement in environmental protection and jobs.

Among these measures is the opening of the Major Projects Management Office – West. This office supports responsible resource development and enhanced First Nations participation in energy projects.

LNG capital cost allowance

While in Vancouver for an event hosted by the Vancouver Board of Trade, Rickford also held meetings with PNW Canada, LNG Canada and TransCanada and held a roundtable with local companies to discuss the new LNG capital cost allowance and other measures to encourage LNG development within B.C. In partnership with the Province, the government is supporting trade and the responsible development of LNG infrastructure.

Rickford commented: “The Harper government is working with First Nations, governments and industry to build partnerships enhancing British Columbia’s resource potential through our low-tax plan to create jobs and growth. Canadians need assurance that development will only proceed when it is done right, for the right reasons and with the right results.”

Adapted from press release by Katie Woodward

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