Economic Benefits

The energy industry is a key component of the Canadian economy, benefiting the nation’s overall economic well-being by fueling growth, contributing to royalty and tax revenues, and supporting hundreds of thousands of jobs across the country.

The abundance of shale gas reserves in British Columbia coupled with low natural gas prices presents exciting monetization opportunities for Canada’s natural gas producers.

Liquefied natural gas (LNG) is an emerging industry that could add value and create new markets for natural gas. Countries in Asia are looking for cleaner sources of fuel to generate electricity and, as as a result, LNG is in high demand. British Columbia is geographically situated with easy access to these key markets in Asia.

The proposed Pacific NorthWest LNG facility would diversify the Port Edward and Prince Rupert economies, creating jobs, contributing to the tax base and making a significant investment in the region.