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B.C. government offers PST exemption for LNG facility construction costs

NDP Leader John Horgan speaks during a post election news conference in Vancouver, B.C., on Wednesday May 10.
NDP Leader John Horgan speaks during a post election news conference in Vancouver, B.C., on Wednesday May 10. THE CANADIAN PRESS/Darryl Dyck

B.C.’s provincial government is offering a PST exemption for the construction costs on any LNG facilities in an effort to secure a final investment decision from LNG Canada.

The government is also setting a cap of $30 per tonne on its carbon tax, exempting LNG facilities from having to pay more in the event that the tax goes up to $50 per tonne.

But the rebate would only apply if LNG Canada met a target to build the world’s cleanest LNG facility when it comes to carbon emissions.

You can read more about the announcement right here.

  • With files from Richard Zussman

 

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