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B.C. Finance Minister Carole James.
VICTORIA – The B.C. government should make public the details of a $ 40-billion LNG Canada project in Kitimat, say the Opposition Liberals.
Finance Minister Carole James said that it is finalizing an operating performance payment agreement with the LNG Canada consortium, although it is well known, which has not been made public.
James said Thursday, April 24th, 2011 at 8:15 pm The LNG Canada, the United States of America, and its recapture of revenue over the last 20 years.
"Basically, it's going to pay back," said James. "We're working through that we've done with the oven (additional LNG) agreements, those have been out since March, we'll release all the information."
But the Liberals said in question that the legislature is not being transparent and that it is not possible to negotiate with tax exemptions and revenue assumptions. James has been completed.
"What is the future of government and taxpayers in the future?" Asked the Liberal critic Mike de Jong. "What has this government promised in exchange for the decision to proceed, and how long have they promised it for?"
"It may be eminently defensible, but surely people are entitled to know."
LNG Canada announced Oct. 1 it was proceeding with what will be the largest private sector project in Canadian history. The consortium of oil and gas companies, headed by Royal Dutch Shell, will receive more than $ 5 billion in tax breaks from the government of Premier John Horgan. However, the government could still receive $ 22 billion in revenue over 40 years, and the project is expected to create thousands of jobs.
Horgan has said the LNG Canada does not require an official project development agreement. The previous Liberal government did a petroleum project with Petronas when it was trying to negotiate a Petronas LNG terminal. Petronas has become a partner in LNG Canada.
The NDP in opposition was sharply critical about the Liberal agreement with Petronas, demanding it be made public.
"If the project development agreement is complete, British Columbians have a right to know what the BC Liberals have committed taxpayers to," NDP MLA Bruce Ralston said in 2014. "The problem is it's difficult to take the first (Christy Clark) at her word, so we are concerned that it may not be complete British Columbians believe. "
The Liberals tabled the deal in the legislature for debate in 2015 as part of a bill that would require all future project development agreements on LNG be made public by government. De Jong said Thursday the NDP has said it's going to repeal that 2015 legislation, though James did not comment on that during debate in the legislature.
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