Hello, its not 3.5% its 1.3% as they companies if any will have the ability to right off their infrastructure costs over 2-5 years. The claim that with just one LNG it will bring in more tax revenue than all of the Forest Industry is laughable at best.

What a farce.

When the news first broke all I could think of was a line from the Chili Peppers’ song… “give it away, give it away, give it away now.”

Oh, and ya, your story is factually incorrect. 1.5% for the first 4 years, then 3.5% for 20 years, then 5%…and a reduction in the provincial income tax rate from 11% to 8%. It’s almost as though we’re paying them to take our gas…

You got that right PM by Fate.

These are multi billion dollar projects in an fully supplied market. Leave it in the ground makes perfect sense for the economically retarded. This looks like a commonsense comprise. Details are few to make the final call, but billions in spending is something the Northwest has never seen. The Libs blew it up higher than it was, but this is big.

for every buck these swines make we get a penny and a half for a resource that is 100 percent british Columbians not to mention putting environment at risk. is this bitch clueless this liberal party is destroying bc.

Get a job Ice. You strike me as the equivalent of Homer Simpson at a nuclear power plant.

Ice, love your attitude. While I’m not sure whether I support LNG or not, I think you need to give your heads a shake around the economics. The CAVE (Citizens Against Virtually Everything) and BANANA (Build Absolutely Nothing Anywhere Near Anyone) mentalities frustrate me. It isn’t that simple to say no to any industrial development of our natural resources.

The BC and Federal corporate tax rates are 26% (combined) and within 20 years LNG will pay a net increased combined rax rate of 28% (assuming BC and Federal corporate tax rates are static). The tax rate also doesn’t include the natural gas royalties themselves. This is just a corporate tax added on top for LNG. A single mid-sized LNG plant is expected to generate $810M (1.6% of BC’s annual budget) in government revenue per year. To put that in perspective, forestry only generates $785M in annual revenue for BC. Assuming the two front runner plants (Petronas and Shell) go ahead, which are both larger than mid-sized facilities, BC should expect LNG to provide a healthy contribution to the provincial coffers.

Is this tax regime less than previously expected? Absolutely. Does that make it a bad deal for BC? I don’t know. If LNG doesn’t go ahead, it doesn’t matter. If it does go ahead, would it have gone ahead with a higher tax regime? No idea. I wasn’t in the negotiating room so I cannot comment. If the tax rate is too high, then there is no pie for BC to benefit from. From my economic perspective, it’s a pretty nice pie for every facility built.

If you’re against LNG, against oil pipelines, against mining, against quarries, against forestry, against wood pellets, against forestry, etc. what do you propose will create jobs in this province and generate taxes? Like it or not, BC does not have a strong enough non-resource based economy to support the current residents of the province. Until there are viable alternatives then moderate industrial development with appropriate oversight should be actively encouraged.

You seriously don’t understand…soooo….. Frustrating . Let me simplify this.

1 billion x 1.5 % = 1,500,000

Zero x 7 % = 0

Do you not get it. If you tax too much these billion dollar companies won’t even drill. Try make tax dollars off companies who don’t work in bc anymore because the ndp tried to charge corporations crazy taxes. How did that go. Alberta seams to happily accept their tax dollars while bc isn’t getting ANY of those dollars anymore

If you have reasonable taxes these companies will export a fairly safe and clean natural resource LNG compared to coal and oil

Here’s a lesson on LNG
One plant can have hundreds of wells flowing to it.
Plant cost. Anywhere from 20 million to a few hundred million bAsed on what kind of plant

But every single well must be

Logged
Drilled
Snubbed
( most are fracked )
Most are coil tubed
Most are wire lined
Serviced
Piped

Then there are a few hundred workers at every single plant to bould it anywhere from say 4 months to 4 years ( engineers truck drivers crane operators pipe fitters scaffolders electricians welders iron workers carpenters and tens of other specialized people. All these companies are billing the gas company and all these companies pay taxes. Then once the plant is built there may be 5-10 operators. Power engineers. Chemical engineers and other trades that always stay plus these plants NEVER stop having maintenance improvements done. Once there built. They don’t just get left. They must be maintained for 40 years plus

Raise the LNG taxes and NONE of This tax money will be generated

Your choice. Take a small peoce of a multi billion dollar pie or take a whole humble pie when they get gas else where

Irritated. Was it just a coincidence that this whole LNG issue came up during the last election????

If its such a good deal why are we getting into the game 30 years after the Austrailians, Russians, and a few other Countries??

Most of the equipment, ships, etc; will be built overseas in China, Korea, or Japan, so once the plants are up and running, each plant will employ something like 50 people. So good some jobs in the short term, not so good in the long term.

The money from the Royalties will help offset some of our Provincial Costs, however because these are Multi National Companies, the profits will be exported.

Somehow I cant see Christy and her cohorts pulling this off because they started it as a political maneuver and are now running like hell to try and make it a viable project.

30 years. You do realize Australia’s biggest lng plants are not up and running yet right. They are expected to be in about a year. So why are we a few years behind. How bout because all the tree huggers and other people who try hold this sorta thing up in court to get an extra dollar for themselves. And because every decision in this country needs to go through needless and pointless review processes just because not everyone agrees somthing should be done. I do believe that could hold things such as this up a bit

There is a growing competion for LNG around the world and the game was no game thirty years ago.

Now folks don’t forget the carbon tax ripoff that increases unwarranted costs. Christy I bet is finding that tax is a growing albatross around her neck.

Palpou, you are clearly out of your depth on this file. “50 people when up and running”. You obviously have zero scope of this industry. Take your evening pill and go to bed. Your embarrassing yourself.

All we know for sure is the liberals used false numbers. The bragging about bringing our debt down very fast was just another smoke screen. Now we get to all pay more to get the companies here in bc.

Funny how there is only ONE post on here that tries to use FACTS. That is from a guy who maintains, he is perched upon a fence on these matters. I do see a lot of hot air and regurgitation of dipper talking points from those who you would expect it. Good thing the majority in CANADA want to see this project go-ahead.
The product is going to market, whether with Gateway, Keystone or using existing pipes owned by Trans Canada, to direct the flow out to Irving tanker ports in Atlantic Canada, for forwarding to the refineries in the gulf states.