Ottawa commits $200 million over three years to Woodfibre LNG near Squamish

The federal government will invest $200 million over three years in the Woodfibre LNG export facility near Squamish, B.C., Energy Minister Tim Hodgson announced. He said the money would support a nearly 25 per cent increase in capacity, to 2.6 million tonnes a year from 2.1 million, and help diversify Canada's energy exports. The project, which Hodgson said was approved through an environmental assessment led by the Squamish Nation, is about 75 per cent built, with exports over a year away, its CEO said. An economist with the Canadian Centre for Policy Alternatives and the BC Greens criticized the funding.