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Lheidli T’enneh Nation, McLeod Lake Indian Band and Prince George-based Formula Capital Corp. said Monday they are close to forming a partnership to develop a natural gas complex in the First Nations’ fledgling industrial park north of the city.
The move comes after West Coast Olefins Ltd. president Ken James said in December it has decided to renew a plan to build a complex at the BCR Industrial Site in Prince George.
WCOL had considered properties near Summit Lake and Bear Lake – including land LTN and MLIB have their eyes on for the industrial park – but backed away, James said, because opposition to the project remained just as strong as if if was to be built in Prince George.
The next day, LTN and MLIB issued a statement saying they oppose WCOL advancing the project on the BCR industrial site and that there will be no future negotiations between the parties.
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