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Woodfibre LNG Limited is proposing to build a modestly-sized liquefied natural gas (LNG) processing and export facility at the former Woodfibre pulp mill site, about seven kilometres southwest of Squamish, British Columbia. The project will bring responsible economic growth to the nearby community of Squamish and the region. This includes about 650 jobs at the peak of construction and 100 full time jobs at the facility once it is operational. The project will also create an estimated $83.7 million in tax revenue for all three levels of government during the construction phase of the Project, and an estimated $86.5 million in tax revenue for all three levels of government per year of operation.
Squamish residents stand to reap the most benefits from these projects as the long-term benefits include the spin-off jobs and opportunities that will flow to local small business, especially those in the service sectors.
The municipal tax revenue alone could support a decrease in property tax or additional support for new and improved community centres, libraries, roads, parks and festivals. The added revenue will help Squamish continue to grow into a thriving and prosperous city while also enabling its eco-tourism ambitions. Squamish can seize both opportunities. Responsible economic development does not mean choosing between the environment and the economy.
*Includes the District of Squamish, Resort Municipality of Whistler, Electoral Area D of Squamish-Lillooet Regional District, Squamish First Nation communities, and Metro Vancouver.
The Woodfibre LNG Project will mean 25 + years of natural gas being transported from northeastern BC to a facility in southwestern BC, meaning more good paying jobs for British Columbians throughout the supply chain. At Woodfibre LNG Limited, it is our intention to fill positions and contracts locally when possible.
**Indirect impacts arise from changes in activity for suppliers
***Induced impacts arise from shifts in spending on goods and services as a consequence of changes to the payroll of the directly and indirectly affected businesses
The LNG industry is potentially one of the best things to ever happen to the province’s economy – it is the type of industry we should take advantage of and we need to ensure that it has every opportunity to reach its full potential.
Woodfibre's goal is to develop a project that provides sustained economic growth while continuing to support the work that has been done to improve Howe Sound over the past few years. Plans for the project include remediating the existing site, which was once home to a pulp mill, as well as supporting the ongoing cleanup in the Howe Sound area.
Woodfibre LNG will support BC's economic growth by supporting individuals to develop transferable skills through training in the new LNG industry. They will support local business capacity for stability and diversification, and by developing ongoing employment opportunities for local residents and First Nations.
Woodfibre LNG Limited is committed to building a project that is right for Squamish, BC and by continuing remediation and restoration efforts at the Woodfibre site.
Plans for additional remediation include the creation of a “green zone” around Mill Creek, and the future closure of the on-site landfill. Woodfibre LNG's work will be carried out in partnernship with local groups when possible so the local conservation targets can be met.
For more information on Woodfibre LNG, visit their website.
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