Site preparation work is underway at Woodfibre, a former pulp mill near Squamish that investors want to use to export liquefied natural gas to Asia.

Woodfibre LNG moves to next step with approval from Squamish First Nation

The First Nation says the agreements include annual and milestone payments totalling about $226 million, cultural fund and jobs

The Squamish Nation has approved economic benefit agreements for Woodfibre LNG, a project worth up to $1.8 billion in British Columbia’s Howe Sound.

The approval of the agreements by an eight to six vote means the First Nation could receive cash and contract benefits worth almost $1.1 billion.

Woodfibre LNG is licensed to export about 2.1 million tonnes of liquefied natural gas a year for the next 40 years from a former pulp mill about seven kilometres south of Squamish.

The First Nation says in a news release the agreements include annual and milestone payments totalling about $226 million, a cultural fund and cash for employment opportunities.

It says the agreements also mean the Squamish Nation and member-owned businesses could be awarded up to about $872 million in contracts, but only if they are fully qualified to win the bids.

Squamish councillor Khelsilem says it was a difficult decision for many in the community.

“The next steps will be holding the proponents accountable for the life of the project and beyond; that includes the construction, operation and eventual decommissioning of Woodfibre LNG.”

The First Nation says it will help develop management plans for the project and will have its own monitors to report any non-compliance with environmental, cultural, employment and training requirements.

The deals also mean nine parcels of land would be transferred to the Squamish Nation for housing and economic development along with five cultural leases in Howe Sound.

In a statement issued Friday, the company says it has already received environmental approvals from the federal, provincial and Squamish Nation governments.

Byng Giraurd, vice-president of corporate affairs at Woodfibre LNG, says it is pleased to have fulfilled another key condition of the project.

“The Woodfibre LNG project is the first industrial project to undergo Squamish Nation’s groundbreaking environmental assessment process and is the first industrial project in Canada to be awarded an environmental assessment certificate by an Indigenous government.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

In photos: Residents learn to paint the scenes of Salmon Arm

The free workshop was held at Piccadilly Mall

Year-round training envisioned for Salmon Arm’s Rapattack base

Mayor hopes council’s support of Rapattack will pay off in longevity for base

Letter: Better fix needed than what’s proposed for Balmoral Road/Highway 1 intersection

Province already behind on widening of Trans-Canada Highway

Salmon Arm approved for worker based in Vernon to support homeless

While application to Ministry of Social Development gets nod, one to BC Housing denied

Column: Potentially valuable WorkSafeBC review let down by bias

Notes from the Legislature by Shuswap MLA Greg Kyllo

VIDEO: B.C. woman meets biological mother, 38 years later

Mother never gave up hope of finding daughter, despite all the obstacles

B.C. Lions fall to 1-9 after 13-10 loss to Ticats

Lowly Leos have dropped six straight CFL contests

Man shot near Coalmont airlifted to hospital

A man was shot near Coalmont B.C. Saturday afternoon. The victim was… Continue reading

VIDEO: B.C. woman meets biological mother, 38 years later

Mother never gave up hope of finding daughter, despite all the obstacles

B.C. man who died after rescuing swimmer was known for helping others

Shaun Nugent described as a dad, a coach, a hero and ‘stand-up guy’ at celebration of life

In photos: Salmon Arm’s downtown farmers market

Out of the many sights and sounds from Salmon Arm’s downtown farmers… Continue reading

B.C. RCMP plane chases fleeing helicopter as part of major cross-border drug bust

The helicopter eventually landed at a rural property near Chilliwack

Renter of torched Okanagan home a British Army veteran, new Canadian

Owen Wilson was just beginning to settle into life in Canada when the blaze occurred

Thousands cycle to conquer cancer

The 11th annual Ride to Conquer Cancer took place Saturday morning, Aug. 24 in Surrey, B.C.

Most Read