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

Google Maps screenshot taken at 7:56 a.m., Oct. 29.
TRAFFIC: Westbound Highway 1 crash between Chilliwack and Abbotsford

Left lane is blocked, traffic backed up to No. 3 Road

Staff at Lowe’s Canada stores contributed more than $2.1 million to charities across the nation through their Heroes Campaign. In Abbotsford and Mission, three charities received a total of more than $25,000. (Submitted photo)
Lowe’s Canada donates more than $25K to 3 local charities

Funds will support non-profits in Abbotsford and Mission

A woman holds a packet of contraceptive pills. (AP Photo/Tsvangirayi Mukwazhi)
Chilliwack women’s organization among those lobbying for free contraception

Ann Davis Society says while it’s a women’s issue, all of society would benefit from program

Stock photo
Pair’s lawsuit dismissed against Fraser Valley soccer association and churches

Judge in Abbotsford calls claims against 14 defendants ‘an abuse of the court’s process’

Provincial health officer Dr. Bonnie Henry updates the COVID-19 situation, B.C. legislature, Oct. 26, 2020. (B.C. government)
B.C.’s COVID-19 case count jumps by 287, another senior home outbreak

Two more deaths recorded, community outbreak in Okanagan

Commissioner Austin Cullen looks at documents before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia, in Vancouver on February 24, 2020. THE CANADIAN PRESS/Darryl Dyck
RCMP lacked dedicated team to investigate illegal activities at casino, inquiry hears

Hearings for the inquiry are set to continue into next week and the inquiry is expected to wrap up next year

Robert Riley Saunders. (File)
Court approves money for B.C. foster children alleging harm from Kelowna social worker

The maximum combined total award for basic payments and elevated damages for an individual is $250,000

IHIT has been called to a home on Nelson Court in Maple Ridge. (THE CANADIAN PRESS/Graeme Roy)
Homicide team investigating at Maple Ridge home

Investigators were called to home on Nelson Court

An untitled Emily Carr painting of Finlayson Point was donated to the Art Gallery of Greater Victoria by brothers Ian and Andrew Burchett. The painting had been in their family for several decades. (Courtesy of the Art Gallery of Greater Victoria)
Never-before-seen painting by famed B.C. artist Emily Carr gifted to Victoria gallery

Painting among several donated to Art Gallery of Greater Victoria

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The B.C. Centre for Disease control is telling people to keep an eye out for the poisonous death cap mushroom, which thrives in fall weather conditions. (Paul Kroeger/BCCDC)
Highly poisonous death cap mushroom discovered in Comox

This marks first discovery on Vancouver Island outside Greater Victoria area

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

100 Mile Conservation officer Joel Kline gingerly holds an injured but very much alive bald eagle after extracting him from a motorist’s minivan. (Photo submitted)
Rescued bald eagle that came to life in B.C. man’s car had lead poisoning

Bird is on medication and recovering in rehab centre

Most Read