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.

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

(pixabay.com photo)
Scavenger hunt to promote family literacy in Delta

Delta Kids is holding the free month-long event to celebrate Family Literacy Day on Jan. 27

B.C. Supreme Court in Vancouver. (File photo: Tom Zytaruk)
Surrey, Langley twin brothers who own companies together battle in court

Presiding judge described Surrey resident Kerry Hawley and Langley resident Kelly Petersen as ‘self-made successes’

16500-block of 24 Avenue. (Google image)
Council pushes forward applications for 400-plus dwellings in South Surrey

Loss of trees, pressure on schools cited by public, council members as areas of concern

The Anti-Racist Coalition Vancouver started a petition calling on B.C.’s education officials to make Black Shirt Day official. The inaugural event in solidarity with Black and racialized Canadians takes place on Friday, Jan. 15. (Screenshot/Change.org)
Surrey students, staff to take part in first-ever Black Shirt Day

Special day in ‘recognition of the struggle for civil rights fought by Black and racialized Canadians’

Members of the community participate in the 7th annual Coldest Night of the Year event Feb. 22, 2020. This year’s event will have a virtual aspect to it because of COVID, says organizer Courtenay van den Boogaard. (Photo Submitted: Amanda Grewall)
Coldest Night of the Year fundraiser to support Cloverdale Community Kitchen

Annual events raises funds to help homeless community

A woman wears a face mask and shield to curb the spread of COVID-19 while walking in North Vancouver, B.C., on Wednesday, January 6, 2020. THE CANADIAN PRESS/Darryl Dyck
536 COVID cases, 7 deaths reported as B.C. find its first case of South African variant

Henry said 69,746 people have received their first dose of the COVID vaccine.

Alan Davidson was sentenced to almost six years for abusing seven boys in the late 1970s and early 1990s. (Canadian Press file)
Full parole granted to former Mountie, sports coach convicted of sex abuse of boys

Alan Davidson convicted of abusing boys in B.C. and Saskatchewan in late ’70s, early ’90s

Letisha Reimer died Nov. 1, 2016 after being stabbed at Abbotsford Senior Secondary.
No evidence that killer was in ‘psychotic state’ during Abbotsford school stabbing: Crown

Second day of closing arguments at ‘not criminally responsible’ hearing for Gabriel Klein

The first COVID-19 vaccine arrives in B.C. in temperature-controlled containers, Dec. 13, 2020. (B.C. government)
More vaccine arrives as B.C. struggles with remote COVID-19 cases

Long-term care homes remain focus for public health

The first Pfizer-BioNTech COVID-19 vaccine dose in Canada is prepared at The Michener Institute in Toronto on Monday, Dec. 14, 2020. THE CANADIAN PRESS/Frank Gunn
Doses of COVID-19 vaccine expected in 60 B.C. First Nations by next week

B.C. has allocated 25,000 doses of COVID-19 vaccine to First Nations for distribution by the end of February

Kamloops-South Thompson MLA Todd Stone questions the NDP government in the B.C. legislature, Feb. 25, 2020. (Hansard TV)
Todd Stone says he’s not running for B.C. Liberal leadership

Kamloops MLA was widely viewed as a front-runner

Wireless voice and data services are out for those on Telus as of Thursday (Jan. 14) afternoon across Western Canada, Telus Support said in a recent Tweet. (Black Press file photo)
UPDATE: Telus services restored across Western Canada

Telus said they are monitoring the situation to ensure connections remain stable

Screenshot from video.
2 students arrested in assault of transgender girl at Lower Mainland school

Mother says daughter was targeted because of how she identifies

Constable Ken Jaques broke a window and crawled into a home to rescue an elderly man who had be laying on the floor for days. Jaques was the officer who provided oversight for the 2020 Remembrance Day services and is shown here in a picture with his son. Photo Andrea DeMeer
Senior who fell and spent days lying on floor of home saved by Princeton cop

He broke the glass and crawled into the house, while calling for assistance from BC Ambulance

Most Read