Lake Babine Nation signs LNG deal – Smithers Interior News
May 12, 2015
The Lake Babine Nation has signed an agreement with the B.C. Government to receive economic benefits from TransCanada’s proposed Prince Rupert Gas Transmission pipeline project.
If the LNG project goes ahead the First Nation will receive payments totalling about $3.56 million, including $324,000 when the agreement takes effect.
The rest would be provided in stages, with $1.62 million when construction began and $1.62 million when the pipeline started operating.
The Lake Babine Nation, which is about 142 miles west of Prince George, would also be entitled to a share of $10 million annually for First Nations along the pipeline route.
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