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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Hedley man advertises bounty on rats

One rat tail will net five dollars

Ninety-seven distressed animals seized from rural Princeton property

RCMP assisted as BC SPCA executed search warrant

Morning Start: There is a Hot Pink Lake in Australia

Your morning start for Friday, Sept. 25, 2020

Teach your kids to protect themselves from abuse

Two weeks ago The Spotlight published a story about a child sex… Continue reading

‘Schools are healthy’: IH medical health officer

Children have a low risk of catching and spreading COVID-19

B.C. records 98 more COVID-19 cases, most in Lower Mainland

One new senior home outbreak, Surrey Memorial outbreak over

$250K reward offered as investigation continues into Sea to Sky Gondola vandalism

Police also asking for specific footage of Sea to Sky highway around time of incident

Trudeau ‘disappointed’ by RCMP treatment of Sikh officers over mask issue

World Sikh Organization of Canada said taking Sikh officers off the front lines constitutes discrimination

Liberals reach deal with NDP on COVID-19 aid bill, likely averting election

NDP and the Liberals have reached an agreement on COVID-19 sick-leave

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Money laundering inquiry delayed over of B.C. election: commissioner

Austin Cullen says the hearings will start again on Oct. 26

2 British Columbians arrested, 3 at large in massive Alberta drug bust

Eight people are facing 33 charges in what police have dubbed Project Incumbent

Lumber hitting record-high prices as supply lags behind demand

B.C.’s forest industry hasn’t been able to keep pace with the COVID-19 building boom

‘Monkey Beach’ supernatural film adaptation premiers at VIFF

Based on Kitamaat author Eden Robinson’s debut, mystical novel

Most Read