B.C. praises government plans to support LNG industry
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Premier of British Columbia (B.C.), Christy Clark has welcomed Prime Minister Stephen Harper’s new tax relief to help enhance the competitiveness of B.C.’s LNG industry.
Christy Clark said: “This is great news for the creation of LNG jobs in British Columbia, and great news for Canada […] We have been working with the federal government and industry for some time to achieve this outcome, and I am pleased they have delivered today.”
The Government of Canada has announced plans to establish a capital cost allowance rate of 30% for equipment used to liquefy natural gas and 10% for infrastructure at the export facility.
Deputy Premier Rich Coleman, Minister of Natural Gas Development, added: “B.C. is already a safe, certain, competitive jurisdiction for LNG investment […] With today’s good news, B.C. is even better positioned to take advantage of this generational opportunity.”
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/20022015/bc-praises-government-plans-to-support-lng-industry-286/
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