With support from First Nations, the community, all levels of government, business, labour and countless individuals and organizations, LNG Canada has been given the green light from our joint venture participants to move our LNG export facility forwards into construction.
Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – the joint venture participants – announced their Final Investment Decision on October 1, 2018.
“The Final Investment Decision taken by our joint venture participants shows that British Columbia and Canada, working with First Nations and local communities, can deliver competitive energy projects. This decision showcases how industrial development can co-exist with environmental stewardship and Indigenous reconciliation.”
—Andy Calitz, CEO LNG Canada
LiUNA Local 1611 would like to congratulate Shell and their partners, as well as Provincial and Federal governments for working together to bring this historical project to the people of our Province. This project is expected to revitalize the area and improve the economy across British Columbia.
This record investment was enabled by the B.C. government’s new LNG Framework, released in March 2018. In line with the government’s approach to LNG, projects should:
- Guarantee a fair return for B.C.’s natural resources: This project is expected to generate about $23 billion in public revenue over 40 years – new funds available to invest in health care, schools, child care and other key public services.
- Guarantee jobs and training opportunities for British Columbians: This project will create up to 10,000 jobs during construction and up to 950 permanent jobs once operations are underway.
- Respect and make partners of First Nations: Project partners have reached agreements with elected First Nations at the project site and along the pipeline route.
- Protect B.C.’s air, land and water, including living up to the Province’s climate commitments: LNG Canada’s project, as announced today – the world’s cleanest in terms of greenhouse gas emissions – will be accommodated within the government’s legislated emissions reduction targets.