Legislation passed in the legislature enabling LNG project agreements sets the stage for unprecedented levels of investment, job creation, and economic activity.

Agreements reached between the government of B.C. and Pacific NorthWest LNG establish the path to a final investment decision on the project and set the stage for a potential US$36-billion investment in Northern B.C. that will likely be a key driver of jobs and economic activity in the province.

Two pieces of legislation, if passed, will enable the Nisga'a Nation to become a major participant in the emerging liquefied natural gas economy in northern British Columbia.

A comprehensive and competitive income tax applicable to the LNG industry gives proponents the certainty they need to make investment decisions while ensuring British Columbians receive the revenues they deserve from this new industry.

Government is proclaiming 2011 the Year of the Entrepreneur, extending its commitment to reducing red-tape, and showing leadership as the first government in Canada to enshrine in law a commitment to publish annual provincial reports on regulatory accountability in B.C., Finance Minister Kevin Falcon announced today.