The provincial government is making changes to legislation governing greenhouse gas emission for prospective LNG facilities.
The revamped rules would see an LNG facility basically get a pass on meeting greenhouse gas emission regulations for the first 18 months of operation.
After they sort themselves out the LNG facilities would then be subject to the greenhouse gas emission caps under legislation…sort of.
The changes also table options for facilities who pump out more than allowable emissions.
They would be allowed to purchase carbon offsets to get back under the limits or just pay a flat per tonne rate for everything over.
All of this is to be able to say the industry meets the ‘cleanest LNG in the world’ promise by the government.
Of course as of right now no LNG proponent has made a final investment decision to set up shop in BC.