The provincial government is rolling out more tax royalties for the natural gas industry.
Premier Christy Clark announced a 120 million dollar installment to the royalty program that was introduced in 2004 to encourage more roadbuilding and pipeline construction in northern BC.
“These credits will ensure that our fiscal regime is one of the most competitive in the world, and it is, our closest competitor’s regime by the way is up to one-third higher….Australia’s competition…is looking like we’re leaving them in the dust more and more every single day.”
Clark also announced 32 million dollars in benefits for 15 First Nations along the route of the proposed pacific trails natural gas pipeline, which is to feed a liquid natural gas plant in Kitimat.
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