Pacific NorthWest LNG, British Columbia enter into agreement

摘要

The British Columbia Ministry of Finance entered into an MOU which is expected to lead to an agreement with Petronas' Pacific NorthWest LNG. The province said it would indemnify the project from significant future changes in tax laws and would offer compensation in some cases, if those laws are changed. Those laws include the LNG Tax, Natural Gas Tax Credit, Discriminatory Carbon Tax and Discriminatory Greenhouse Gas Industrial Reporting and Control Act.