OTTAWA/VANCOUVER: Canada has unveiled tax measures that will allow investors in new liquefied natural gas plants to recover costs more quickly, improving the competitiveness of projects proposed for the Pacific coast province of British Columbia.
Industry groups said the new measures would encourage investment in LNG projects in Canada, some of which have stalled in recent months as companies cut spending in response to plummeting oil prices.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
