Federal Energy Minister Tim Hodgson says the government will invest $200 million over three years in the Woodfibre LNG project near Squamish, B.C.
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The federal government says it will invest $200 million over three years in the Woodfibre LNG project in British Columbia.
Energy Minister Tim Hodgson made the announcement during a news conference in Vancouver, saying the investment will be directed to the project in Squamish, north of Vancouver. He said the work is being advanced in collaboration with the Squamish Nation.
Hodgson said the funding is expected to support a near-25-per-cent increase in the project’s capacity, from 2.1 million tonnes to 2.6 million tonnes of LNG per year.
Premier-designate Lorne Doerkson said the federal investment is welcome news for the region and British Columbia’s economy. He said the project, which the operators say will be substantially completed next year, shows what is possible when governments, First Nations and industry work together.
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