Woodfibre LNG Project Projected to Generate Billions in Canadian Economic Output
- Reports
- 6
- Developments
- 1
- Repetition
- 83%
New informationRepeats or wire copies
What happened
A report by Deetken Insight projects that the Woodfibre LNG project, which includes the Eagle Mountain Pipeline, has contributed nearly $13.6 billion in economic output to the Canadian economy. Over its planned 40-year operating period, the project is set to generate an additional $11.6 billion in nominal government revenue.
Why it matters
The construction and operation of the net-zero LNG export facility are expected to generate significant economic ripple effects, including nearly $7 billion in Canadian GDP and over 15,000 direct and indirect jobs. This revenue is projected to include approximately $6.8 billion for British Columbia.
Who's involved
- projectThe net-zero LNG export facility being constructed in Squamish.
- British ColumbiaThe province of Canada receiving a large share of the projected government revenue.
- Government of CanadaThe federal government of Canada benefiting from the national economic output.
- CrownThe entity under whose jurisdiction major infrastructure assets operate.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- British ColumbiaSpeculative
British Columbia could see increased government revenue and municipal property tax income from the project.
- Government of CanadaSpeculative
The Government of Canada might see increased national economic output and GDP contribution.
- CrownSpeculative
The Crown may see increased revenue from major infrastructure assets operating under its jurisdiction.
- projectSpeculative
The Woodfibre LNG project could see sustained demand for labor and materials during its construction and operation.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could the Woodfibre LNG project's revenue generation affect David Eby's government?BC's provincial government could gain $6.8 billion from Woodfibre LNG projectLikely
- Woodfibre LNG project could bring billions in revenue to SquamishWoodfibre LNG project may drive strong long-term economic and tax benefits for SquamishLikely
- Woodfibre LNG project may boost Canada's national economic outputWoodfibre LNG project could boost Canada's national GDP and economic outputLikely
- Woodfibre LNG project could boost Crown revenue and economic outputThe Crown may benefit from billions in revenue from Woodfibre LNGPossible
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The entities involved
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British Columbia
province of Canada