LNG booty booted

February 13, 2013, three months before her first general election as Premier, Christy Clark announced:
...the new British Columbia Prosperity Fund to ensure communities, First Nations and all British Columbians benefit from the development of a new liquefied natural gas (LNG) industry...

LNG development is poised to trigger approximately $1 trillion in cumulative GDP within British Columbia over the next 30 years and that means more than $100 billion will flow directly to the Prosperity Fund.

Province wide, LNG is expected to create on average 39,000 annual direct, indirect and induced full-time jobs during a nine-year construction period. As well, there could be as many as 75,000 full-time jobs required once all LNG plants are in full operation...

Factsheet

...Projected total revenues to government are estimated between $130 billion and $260 billion over the next 30 years. In order to maximize the benefits of these developments to future generations of British Columbians, the provincial government is establishing a new British Columbia Prosperity Fund...
During the election campaign, Liberals promised that LNG revenues would not only ensure a debt free British Columbia but gas production would also fund essential spending for health care, education and social services. They claimed their plan demonstrated the superiority of BC Liberal financial management because, after almost 40 years, Alberta's Heritage Fund contained only $17 billion, a fund accumulation 1/10 or 1/20 the rate intended for B.C.

So that we don't forget this good news, Northern Insight will calculate the accrued income that is coming our way. It updates regularly.




First Pamela, we'd have to move to Norway.

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