1- Foreign Trade Zones Eyed for Vancouver, Prince Rupert, Prince George - The British Columbia government is considering creating two foreign trade zones, one in the Vancouver region and one in the north. Click Here for the rest.
2- Clark Government Unveils LNG Plans:
By 250 News Friday, February 03, 2012 10:05 AM
Prince George, B.C. - Premier Christy Clark today announced British Columbia's natural gas strategy will be established on a foundation of four priorities for long-term economic prosperity under the BC Jobs Plan.
"We are creating new and exciting opportunities by diversifying our natural gas sector, strengthening job prospects for British Columbians and opening the door to new clean energy projects. My government is positioning liquefied natural gas (LNG) as a cornerstone of British Columbia's long-term economic success," said Premier Clark.
The Natural Gas Strategy and a complementary strategy focusing specifically on the development of a brand-new LNG sector, were released today by Clark at BCIT. Their four priorities commit the province to:
* Greater emphasis on market diversification to increase the value of B.C.'s natural gas.
* Support job creation together with industry, educators and communities.
* Continued strong leadership on clean energy and climate change moving forward.
* A redefinition of the Province's self-sufficiency policy to ensure B.C. is well-positioned to power expansion.
The Province's strategy will ultimately support job creation and economic opportunity. Over the next five years, job openings are expected to increase as a result of growth in the natural gas sector and the emergence of a LNG industry.
Development of LNG is expected to produce approximately $20 billion in new private sector investment. This investment will create 800 new long-term jobs for British Columbians working in LNG facilities and up to 9,000 more jobs during construction.
Indirectly, growth and a new LNG industry will support thousands of spin-off jobs in the fields of transportation, engineering, construction and environmental management.
British Columbia will be home to the world`s first LNG export facilities that use clean energy. BC LNG Douglas Channel and Kitimat LNG will access clean energy from the Province's existing grid. As new infrastructure is built and the industry expands, future energy needs will be served by local, clean energy, with B.C.'s natural gas used to support energy reliability if required. Discussions are underway now with LNG proponents to assess power requirements for future projects.
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