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Creating jobs and opportunity:
LNG IN BC

  • RD2015

    Date: Tuesday, October 20, 2015

    Time: 6:00 PM

    Location: The Fairmont Waterfront Hotel (Waterfront Ballroom)
    900 Canada Place Way, Vancouver, BC

     

     

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  • LNGinBC: the Facts

    By BC Liberal Party

    Today’s BC Liberals are driving forward to build LNG in BC with a 25-yr agreement with Pacific NorthWest LNG to invest $36-billion in BC.

    • LNGinBC: JOBS

      By BC Liberal Party

    • LNGinBC: JOBS

      By BC Liberal Party

      British Columbians will be first in line for these jobs, thanks to the BC Jobs Plan and Skills for Jobs Blueprint.

    • LNGinBC: JOBS

      By BC Liberal Party

    • LNGinBC: Environment

      By BC Liberal Party

    • LNGinBC: Environment

      By BC Liberal Party

      BC’s legislation ensures our air, water, & human health is protected first & foremost.

    • LNGinBC: Benefits for Everyone

      By BC Liberal Party

    • LNGinBC: Benefits for Everyone

      By BC Liberal Party

    • LNGinBC: Debt-free BC

      By BC Liberal Party

      In 15 years, BC is estimated to earn $8.6-billion in new royalty and tax revenues from the Pacific NorthWest LNG project alone.

    • LNGinBC: Debt-free BC

      By BC Liberal Party

    • LNGinBC: FAQ

      By BC Liberal Party

    READ THE FAQ
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    LNG in BC: FAQ

    By BC Liberal Party

     

    • What is LNG?

      By BC Liberal Party

      Liquefied Natural Gas (LNG) is odorless, non-toxic, non-corrosive and less dense than water. Essentially, it is the same as the natural gas people use to heat and cool their homes, only in a liquid state so that it can be easily transported. B.C. has an enormous supply of natural gas – an estimated 2,933 trillion cubic feet. This could support domestic and export markets for the next 150 years.

    • How is LNG used?

      By BC Liberal Party

      LNG is used across the residential, commercial and industrial sectors for purposes as diverse as heating and cooling homes, cooking, generating electricity and manufacturing. Natural Gas is also increasingly being used to fuel heavy-duty vehicles, such as the fleet used by TransLink – and it’s expected that natural gas will soon power some BC Ferries vessels.

    • Is LNG safe?

      By BC Liberal Party

      The LNG industry’s highest priority has always been safety and security, which is reflected in the industry’s enviable safety record – in more than 50 years and 71,000 voyages, there hasn’t been a single major safety incident. LNG is not stored under pressure and it’s not explosive. If released into water, LNG will simply evaporate, leaving behind water that’s safe enough to drink. (WATCH)

    • What is fracking and is it safe?

      By BC Liberal Party

      Hydraulic Fracturing, or “fracking”, is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well. B.C. has world-leading hydraulic fracturing regulations; in fact, Hydraulic fracturing has existed in British Columbia since the 1960s, with no incidence of groundwater contamination.

    • Is LNG environmentally friendly?

      By BC Liberal Party

      Natural gas is the cleanest burning fossil fuel and is being used throughout the world to reduce carbon dioxide emissions. When exposed to the environment, LNG rapidly evaporates, leaving no residue on water or soil.  If spilled, LNG would not result in a slick because 100% of it evaporates to a gas leaving no residue behind.

    • How is LNG in BC going to be the cleanest in the world?

      By BC Liberal Party

      We’ve set our standard of emissions on LNG plants at 0.16 tonnes of carbon dioxide for each tonne of LNG produced – lower than any other LNG facility in the world – and the industry is going to meet that target. Should they fail to, they’ll have to buy offsets in the BC marketplace, which puts money into a tech fund that would create other opportunities for British Columbians as we build on technology to move away from the fossil fuel industry in the future.

    • Why the sudden interest in this industry?

      By BC Liberal Party

      Like any big opportunity, we’ve been preparing for this industry for nearly a decade. Plus, the demand for natural gas is on the rise. China and Japan are both pursuing a new supply – China to fuel its massive modernization, and Japan to diversify its fuel supply. China is already the world’s largest user of fossil fuels, and if the country switched from coal to natural gas today, its carbon dioxide emissions would be reduced by up to 40%.

    • Is this deal good for British Columbians?

      By BC Liberal Party

      The Pacific NorthWest LNG project would bring an investment of US$36 billion in B.C. And that’s from just one project – there’s 19 others on the table. Once those investments are in place, BC collects a portion of revenues from the industry – known as royalty payments. In turn, the Province uses the revenue to help fund vital services in health care, education, infrastructure development and to keep taxes low. Plus, the projects create strong, family-supporting jobs, which is great news for British Columbians and their communities.

    • The proponent and BC would be locked into a 25 year term – why so long?

      By BC Liberal Party

      If you’re considering a $36B investment – you want to get all the facts first and make sure your purchase will remain a wise investment a number of years down the line. That’s why government negotiated a 25 year deal with the proponent – to provide companies considering large-scale capital investments in B.C. with assurance that certain taxes and environmental regulations will remain stable over a period of time.

    • Why does the LNG industry get a tax freeze?

      By BC Liberal Party

      We’re committed to ensuring that British Columbians benefit first and foremost from the revenue generated by LNG production. By freezing the rates, we’ve made it so that if a future government were to decide to change those rates, the incentive for doing so would virtually disappear. This is because any incremental additional revenues would return to the companies. LNG proponents such as Pacific NorthWest LNG will not be protected from  future changes to the general provincial sales tax or corporate income tax.

    • When will BC be debt-free?

      By BC Liberal Party

      We’re already making way on the roadmap to a Debt-Free BC we set in 2013. We’re continuing to balance the budget with a surplus. We’ve decreased our direct operating debt by $943 million. Moving forward, we’ll create the BC Prosperity Fund to capture LNG royalty revenues, and dedicate all revenues to debt reduction until provincial debt is eliminated. We’ll also enact legislation to protect the BC Prosperity Fund from becoming a cash-cow for wasteful and desperate government spending. Read more.

    • Is the Pacific NorthWest LNG agreement a done deal?

      By BC Liberal Party

      The agreement will take effect only after the Province ratifies it and after the company makes a Final Investment Decision.  In addition to these two steps, the proposed project also requires a positive federal Environmental Assessment, as well as a strong commitment to continued constructive engagement with BC’s First Nations.

    • Who will be first in line for the LNG jobs?

      By BC Liberal Party

      British Columbians will be first in line.  We’ve been working with LNG companies who are committed to hiring in B.C. first, then Canada, then outside only when absolutely necessary. We’ve also set up an LNG-Buy BC program, and we’re investing in skills training so that British Columbians are qualified for LNG-related jobs.

    • When will the Pacific NorthWest LNG plant be operational?

      By BC Liberal Party

      A final investment decision is expected this year, pending federal approval. Construction will begin following a positive final investment decision.

    • What skills are needed to get a job in LNG?

      By BC Liberal Party

      All types of skills – from heavy duty mechanics, to pipe fitters, to welders. In the construction phase of the Pacific NorthWest project, there will be up to 4500 jobs created. Plus, consider that every worker in the LNG industry will need places to eat, stay and live – so that means whether you’re a welder or a cook, LNG is an equally big opportunity. This huge new industry will also employ plenty of accountants, lawyers, engineers, purchasing agents, and other professionals in our cities.

    • What’s in it for BC’s First Nations?

      By BC Liberal Party

      Nearly 90% of the 32 First Nations with proposed LNG pipelines through their traditional territories have indicated their support through one or more LNG pipeline benefits agreements. Of the undecided 10 per cent, we are attentive to the concerns raised by the communities. We know there are more steps to be taken, including reaching understandings with the nations on how environmental concerns may be addressed. Read more.

    READ THE FAQ

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