Tsawwassen First Nation members reject proposed LNG facility

DELTA, B.C. -- The Tsawwassen First Nation in B.C. says its members have voted against the proposed development of a liquefied natural gas export facility on its territory.

See Full Article

Of the 139 people who voted, 53 per cent opposed the plan while 46 per cent supported the plan.

As a result of the vote, the Tsawwassen First Nation says it will "not be moving forward with any additional discussion regarding this proposed LNG concept."

The proposed export site would have processed three- to five-million tonnes of LNG annually, with natural gas coming through an extension of an existing pipeline about 10 kilometres away.

In November, the leadership of the tiny First Nation in suburban Vancouver encouraged its 290 eligible members to vote in favour of the LNG export facility, saying the potential benefits outweighed limited drawbacks.

Chief Bryce Williams said the facility was expected to be "relatively low-impact" and only require a short stretch of new pipeline between it and the nearby Tilbury LNG plant but acknowledged there were some "negative impacts" to consider, namely how the LNG is extracted.

Five to six tankers per month would have been expected at the export facility, which was predicted to be in operation as early as 2022.

The Tsawwassen vote is a likely setback for Premier Christy Clark's billion-dollar plans to grow the province's liquefied natural gas industry.

In November, Clark said she hoped the First Nation's membership would approve the proposal, adding there continues to be demand for LNG around the world, especially in Asia.



Advertisements

Latest Economic News

  • Dollarama reports third-quarter profit and sales up from year ago

    Economic CTV News
    MONTREAL -- Dollarama Inc. (TSX:DOL) saw its third-quarter profit grow to nearly $110.1 million compared with nearly $100.1 million in the same quarter a year ago. The retailer says the profit amounted to 92 cents per diluted share, up from 78 cents per diluted share a year a year ago when it had more shares outstanding. Source
  • NHL to move to new 67-storey tower on Manhattan's west side

    Economic CTV News
    NEW YORK -- The National Hockey League is moving its headquarters to a 67-storey office tower under construction on Manhattan's west side. Developer Brookfield Property Partners announced Wednesday the NHL will move from its current location in midtown to the tower that will be known as One Manhattan West. Source
  • EU fines 3 banks $520 million over rate market rigging

    Economic CTV News
    BRUSSELS -- European Union regulators on Wednesday fined banks JPMorgan Chase, HSBC and Credit Agricole a combined $520 million for colluding to manipulate the price of financial products linked to interest rates. EU antitrust Commissioner Margrethe Vestager said the banks illegally exchanged sensitive information and colluded to make big profits in the market on the specialized financial products. Source
  • Consumer debt and delinquency rates climb in third quarter: Equifax

    Economic CTV News
    TORONTO - A new Equifax Canada report says low interest rates and falling oil prices drove up consumer debt and delinquency rates in the third quarter. The credit reporting agency found that average debt increased by 3.6 per cent to $22,081 in the quarter ended Sept. Source
  • Bank of Canada to make final interest rate announcement of the year

    Economic CTV News
    OTTAWA - The Bank of Canada is set to make its last interest rate announcement of the year today. The central bank is widely expected to keep its interest rate target set at 0.5 per cent, where it has been since July 2015. Source
  • Asian stocks mostly higher on record Dow, telecom news

    Economic CTV News
    TOKYO -- Asian markets were mostly higher Wednesday, cheered by gains on Wall Street and optimism about the telecommunications industry. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.5 per cent to 18,454.92 in morning trading. Source
  • Mother settles JetBlue lawsuit after son flown to wrong city

    Economic CTV News
    NEW YORK -- A New York City woman has agreed to settle her lawsuit against JetBlue Airways after it mixed up her 5-year-old son with another boy and flew him to the wrong city. Maribel Martinez's lawyer announced the settlement on Tuesday, saying the matter was resolved amicably. Source
  • Apple pays US$450,000 for alleged hazardous waste violations

    Economic CTV News
    SAN FRANCISCO -- Apple is paying $450,000 to settle allegations that the iPhone maker operated and closed two hazardous-waste processing plants without submitting the proper paperwork to California environmental regulators. The agreement announced Tuesday involves a now-closed plant near Apple's Cupertino, California, headquarters and another one in nearby Sunnyvale. Source
  • Alaska Airlines gets U.S. approval to buy Virgin America

    Economic CTV News
    WASHINGTON -- Alaska Airlines has won government approval to buy rival Virgin America after agreeing to reduce its flight-selling partnership with American Airlines. Parent company Alaska Air Group Inc. said Tuesday that it expects to close the $2.6 billion deal soon. Source
  • Trump calls for cancellation of Air Force One replacement order with Boeing

    Economic CBC News
    A tweet from president-elect Donald Trump calling on the U.S. government to scrap an order with Boeing Co. for the development of a replacement for the Air Force One jet temporarily knocked about $1 billion US off the stock market value of the aircraft maker. Source