The “right” fiscal framework amounts to a bouquet of government subsidies for B.C.’s largest carbon polluter, including tax reprieves, tax exemptions and cheaper electricity rates for some of the largest and most profitable multinationals in the world — the LNG Canada quintet of Royal Dutch Shell, Mitsubishi Corp., Malaysian-owned Petronas, PetroChina Co. and Korean Gas Corp.
At a technical briefing for media, a B.C. senior government official pegged the province’s total financial incentives for the project at $5.35 billion.https://thenarwhal.ca/lng-canada-project-called-a-tax-giveaway-as-b-c-approves-massive-subsidies/
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