More First Nations sign LNG benefit agreements with B.C.
The Skin Tyee First Nation and Nee Tahi Buhn Indian Band in northern B.C. can benefit from B.C.’s LNG industry after signing agreements with the province for the proposed Coastal GasLink pipeline project.
The Skin Tyee First Nation will receive approximately $2.8 million from the Province at various stages in the project: $466,000 upon signing the agreement, $1.15 million when pipeline construction begins, and $1.15 million when the pipeline is in service.
The Nee Tahi Buhn Indian Band will receive approximately $2.5 million: $420,000 upon signing the agreement, $1.05 million when construction begins, and $1.05 million when the pipeline is operating.
The terms of the agreement and initial benefit payment will come into effect once the First Nations have signed impact benefit agreements with Coastal GasLink.
Skin Tyee First Nation and Nee Tahi Buhn Indian Band will also receive a yet-to-be-determined share of $10 million a year in ongoing benefits per pipeline. The ongoing benefits will be available to First Nations along the natural gas pipeline routes. The B.C. government anticipates signing similar agreements with other nations in the near future.
Press Release; Image: gov.bc.ca