BC Taxpayers Digging Deep for LNG Subsidies, Tax Breaks
From cheap power to low taxes, companies winning special benefits from government.
..."The incentives offered to LNG Canada by the B.C. government include eliminating the LNG income tax, a lower price for BC Hydro electricity, exemption of the provincial sales tax on construction materials and a rebate on new carbon taxes. This is all in addition to other subsidies currently in place — such as extremely generous royalty credits for fracking operations, which virtually eliminate the public rents gas companies must pay for extracting a public resource and subsidize roads and electricity infrastructure. Let’s take a look at each in turn."