A 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 jobs, a new report by the Conference Board of Canada, and funded by the Canadian LNG Alliance reveal.
Alberta, that has struggled under the anti-pipeline movement to get its oil its primary market, the United States, those 100,000 jobs—in Canada as a whole, not just in B.C.–may not make up for what it lost from oilsands operations after B.C. fought tooth and nail against the much-needed Trans Mountain pipeline expansion.
Apart from the jobs, total wages from an LNG industry would be boosted by more than $6 billion ($4.6 billion for B.C.), and increase Canada’s GDP by $11 billion annually. More than $108 billion in provincial revenue could be generated for the provinces, according to the report, with $94 billion of it going to B.C.
The federal government would receive about $64 billion in additional revenue.
Of course, that LNG industry would come at a cost—of about $500 billion, spread over more than forty years, according to the report “A Rising Tide: The Economic Impact of B.C.’s liquified natural gas industry”.