OCTOBER 28, 2014 9:45 AM
The basic physics of LNG – A demonstration about what happens to the environment when LNG, methane gas spills or burns.
OCTOBER 28, 2014 9:45 AM
The basic physics of LNG – A demonstration about what happens to the environment when LNG, methane gas spills or burns.
By Derrick Penner
Vancouver Sun
Separating provincial profits from other operations could be tricky for global giants, accountant says
For potential liquefied-natural-gas producers in British Columbia, separating which of their profits come from activities in the province — versus their foreign operations — for the purposes of B.C.’s new LNG tax could be the biggest issue raised by the levy that was introduced this week, according to one expert.
Draft legislation tabled by Finance Minister Mike de Jong Tuesday calls for a two-tiered levy from income on gas-liquefaction activity in B.C., separate from regular federal or provincial income taxes.
“For foreign proponents who already have robust LNG activities outside of Canada, this is probably the biggest issue with this legislation,” said Byron Beswick, a partner in the tax practice of the accounting and consulting firm EY.
Thu, Oct 23, 2014 – 11:30 AM
Steelhead LNG CEO Nigel Kuzemko has been around global liquified natural gas for a long time. Now he’s spearheading a plan to build a gigantic export terminal on Vancouver Island. He says BC’s LNG tax cut makes life easier but he’s got a lot of heavy spadework ahead.
JUSTINE HUNTER
Victoria — The Globe and Mail
Published Monday, Oct. 20 2014, 5:11 PM EDT
The British Columbia government has introduced a new law that aims to build a liquefied natural gas industry with what it promises are “world-leading” targets for the lowest greenhouse-gas emissions.
“As the cleanest-burning fossil fuel, natural gas is part of a global climate solution,” Environment Minister Mary Polak said in the legislature as she introduced the Greenhouse Gas Industrial Reporting and Control Act.
Julie Gordon, Reuters
October 20, 2014 11:07 AM ET
VANCOUVER — British Columbia is set to unveil the details of its long-awaited liquefied natural gas (LNG) tax regime within days, which could sway investment decisions on a handful of proposed export terminals in the Pacific Coast province.
The provincial government, which is banking on the nascent LNG industry to create thousands of new jobs and add billions to government coffers, has promised the new tax legislation will be introduced this week.
