Site preparation work is underway at Woodfibre, a former pulp mill near Squamish that investors want to use to export liquefied natural gas to Asia.

Woodfibre LNG moves to next step with approval from Squamish First Nation

The First Nation says the agreements include annual and milestone payments totalling about $226 million, cultural fund and jobs

The Squamish Nation has approved economic benefit agreements for Woodfibre LNG, a project worth up to $1.8 billion in British Columbia’s Howe Sound.

The approval of the agreements by an eight to six vote means the First Nation could receive cash and contract benefits worth almost $1.1 billion.

Woodfibre LNG is licensed to export about 2.1 million tonnes of liquefied natural gas a year for the next 40 years from a former pulp mill about seven kilometres south of Squamish.

The First Nation says in a news release the agreements include annual and milestone payments totalling about $226 million, a cultural fund and cash for employment opportunities.

It says the agreements also mean the Squamish Nation and member-owned businesses could be awarded up to about $872 million in contracts, but only if they are fully qualified to win the bids.

Squamish councillor Khelsilem says it was a difficult decision for many in the community.

“The next steps will be holding the proponents accountable for the life of the project and beyond; that includes the construction, operation and eventual decommissioning of Woodfibre LNG.”

The First Nation says it will help develop management plans for the project and will have its own monitors to report any non-compliance with environmental, cultural, employment and training requirements.

The deals also mean nine parcels of land would be transferred to the Squamish Nation for housing and economic development along with five cultural leases in Howe Sound.

In a statement issued Friday, the company says it has already received environmental approvals from the federal, provincial and Squamish Nation governments.

Byng Giraurd, vice-president of corporate affairs at Woodfibre LNG, says it is pleased to have fulfilled another key condition of the project.

“The Woodfibre LNG project is the first industrial project to undergo Squamish Nation’s groundbreaking environmental assessment process and is the first industrial project in Canada to be awarded an environmental assessment certificate by an Indigenous government.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Warmer fall weather could extend wildfire season: AccuWeather

Above seasonal temperatures are expected throughout September, October and November

South Okanagan dangerous offender back in court

Administrative error has led to more court time being used up in Penticton

Nominees announced for 2019 Business Excellence Awards

The event is presented this year by McPhail Kilt Makers, hosted Oct. 5 at Penticton Lakeside Resort

Penticton Vees gearing up for exhibition games

Among their exhibition hockey games are two against the defending champion Brooks Bandits

Cannings to pedal through South Okanagan — West Kootenay riding

MP leaves from Nakusp on Aug. 23 and ends in Kaleden on Aug. 29.

VIDEO: Title of 25th Bond movie is ‘No Time to Die’

The film is set to be released in April 2020

RCMP catch ‘erratic’ driving thieves; upon release steal mountain bike

The incident involved a police chase, taser, and a destroyed vehicle

New study suggests autism overdiagnosed: Canadian expert

Laurent Mottron: ‘Autistic people we test now are less and less different than typical people’

B.C. father tells judge he did not kill his young daughters

Andrew Berry pleaded not guilty to the December 2017 deaths

Trans Mountain gives contractors 30 days to get workers, supplies ready for pipeline

Crown corporation believes the expansion project could be in service by mid-2022

Riot on the Roof returns to top of North Okanagan Parkade

Party of the summer will rock out above the city

Heavy police responses in Kamloops connected to unfounded weapons calls

Mounties were seen in Westsyde and in North Kamloops on Tuesday night and Wednesday morning

Suspect drops white powder running from police near Kelowna playground

Kelowna RCMP responded to reports of two individuals swinging a chain in a park

Rosemount cooked diced chicken linked to listeria case in B.C.

The symptoms of listeria include vomiting, nausea, fever, muscle aches

Most Read