British Columbia Premier Christy Clark, from BC’s Liberal Party, announced Tuesday that BC will impose a tax on LNG sales, taking part of the revenue that producers anticipate receiving in exporting BC gas to the Pacific Rim.
According to an article yesterday in the Vancouver Sun, “[t]he new tax is expected to play an essential role in building Clark’s promised Prosperity Fund …. Clark has said the fund, which is also financed from natural gas royalties and corporate tax income from the LNG industry, could amass more than $100 billion over 30 years.” Continue reading
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