{"id":38710,"date":"2018-10-04T12:48:42","date_gmt":"2018-10-04T17:48:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38710"},"modified":"2018-10-04T12:48:56","modified_gmt":"2018-10-04T17:48:56","slug":"lng-canada-project-called-a-tax-giveaway-as-b-c-approves-massive-subsidies","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38710","title":{"rendered":"LNG Canada project called a \u2018tax giveaway\u2019 as B.C. approves massive subsidies"},"content":{"rendered":"
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Canada and British Columbia have put “the right fiscal framework” in place for LNG Canada to go ahead, according to Shell. What that means is more than $5 billion in subsidies. Photo: Province of British Columbia \/ Flickr<\/div>\n
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LNG Canada project called a \u2018tax giveaway\u2019 as B.C. approves massive subsidies<\/a><\/h3>\n
Fracked gas export project will be B.C.\u2019s largest carbon polluter<\/strong><\/div>\n<\/div>\n
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There was a telling comment from Shell Global\u2019s Maarten Wetselaar \u2014 representing five multinational investors in a $40 billion project to ship B.C. liquefied natural gas to Asia \u2014 amidst the hoopla that accompanied Tuesday\u2019s LNG announcement.<\/p>\n

\u201cThe governments of Canada and British Columbia have helped to ensure that the right fiscal framework is in place to make sure that the pie is divided in a just and fair way,\u201d Wetselaar told a Vancouver news conference hosted by LNG Canada, which will oversee construction of a 670-kilometre pipeline carrying natural gas from northeastern B.C. to a processing plant in Kitimat, where it will be liquefied for transport in ocean tankers.<\/p>\n

\u201cAnd that fiscal framework leads to why we believe LNG Canada is in the right place.\u201d<\/p>\n

The \u201cright\u201d fiscal framework amounts to a bouquet of government subsidies<\/a> for B.C.\u2019s largest carbon polluter, including tax reprieves, tax exemptions and cheaper electricity rates for some of the largest and most profitable multinationals in the world \u2014 the LNG Canada quintet of Royal Dutch Shell, Mitsubishi Corp., Malaysian-owned Petronas, PetroChina Co. and Korean Gas Corp.<\/p>\n

At a technical briefing for media, a B.C. senior government official pegged the province\u2019s total financial incentives for the project at $5.35 billion.<\/p>\n

The first of the incentives, a break on provincial sales tax during project construction, was approved Tuesday by the B.C. Cabinet.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Canada and British Columbia have put “the right fiscal framework” in place for LNG Canada to go ahead, according to Shell. What that means is more than $5 billion in subsidies. Photo: Province of British Columbia \/ Flickr LNG Canada project called a \u2018tax giveaway\u2019 as B.C. approves massive subsidies Fracked gas export project will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4],"tags":[94,103,7235,16170,22075,22107,22108,783,21042],"class_list":["post-38710","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-british-columbia","tag-canada","tag-fracked-gas","tag-government-subsidies","tag-lng-canada","tag-maarten-wetselaar","tag-sarah-cox","tag-taxes","tag-the-narwhal"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38710"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38710\/revisions"}],"predecessor-version":[{"id":38711,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38710\/revisions\/38711"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}