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Conference Board of Canada says LNG could be an economic boon to BC

Conference Board of Canada says LNG could be an economic boon to BC

The Conference Board of Canada says a liquefied natural gas industry in British Columbia would pump billions of dollars into the Canadian economy.

According to the report issued today, production and export of 30-million tonnes of LNG annually would grow the Canadian economy by $7.4-billion a year over 30 years.

The report also predicts BC would see almost 47,000 new jobs and more than $5-billion dollars in annual economic growth over three decades.

But the study comes just days after the small Douglas Channel LNG project was halted on the north coast and, earlier this month, Royal Dutch Shell also postponed its final investment decision on the much larger LNG Canada project in Kitimat.

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