Federal finance minister Bill Morneau traveled to Kitimat on Monday to announce that Ottawa will invest $275-million for two big-ticket items, one vital for making the liquefied natural gas competitive on the world market, the other to facilitate infrastructure development in the region.
Speaking to a small group of dignitaries and local workers at the Rod and Gun Club, Morneau said the federal government subsidies “would help support the overall advancement of the LNG Canada facility.”
The $275 million will go towards two projects, the first being $220 million provided through the federal Strategic Innovation Fund (SIF) to help fund high energy-efficient gas turbines to minimize greenhouse gas emissions and fuel use at the facility, which LNG Canada has long touted as being the world’s greenest LNG facility once it is complete and in production.