LNG Focus of Throne Speech

Oct 8, 2014

The Honourable Judith Guichon, Lieutenant Governnor of British Columbia, read the Speech from the Throne to open the third session of the fortieth parliament on Monday.  The Speech focused on the importance of the liquid natural gas industry to the provincial economy.

The Throne Speech outlined the Province’s intent to move forward with a comprehensive legislative framework for the LNG industry during this legislative session, which will build on the previously introduced LNG tax framework.

The Speech also:

• Highlighted the opportunity for partnerships with First Nations in light of the Supreme Court ruling on aboriginal land title;
• Noted the recent release of the updated BC Jobs Plan, which places a renewed emphasis on small business, manufacturing, Aboriginal Peoples and First Nations, and international trade; and
• Re-affirmed the provincial commitment to balancing the budget and controlling public spending and “expecting the same of crown corporations and municipal governments, and just as importantly, giving them the tools to do so.”

UBCM will monitor legislative, policy and program developments and update the membership throughout the new legislative session.

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