A Rising Tide: Economic Impacts of LNG in Canada
The Conference Board of Canada, 2 pages
July 27, 2020
Summary for Executives
This summary focuses on the investment, GDP, employment, and fiscal gains that the LNG industry would generate for Canada in general and B.C. in particular.
British Columbia is becoming the focal point of a new Canadian industry—liquefied natural gas (LNG). These highlights summarize the impacts based on a scenario that creates a 56 million tonne per annum LNG industrial footprint in the province.
- Between 2020 and 2064, total annual investment would average over $11 billion, totalling in excess of $500 billion over the entire period.
- For Canada as a whole, LNG would mean 96,550 more jobs a year and over $6 billion in wages.
- For British Columbia, there would be over 71,000 more jobs a year and over $4.6 billion in wages.
- From 2020 to 2064, over $108 billion in provincial revenue could be generated for the provinces. Of this total, nearly $94 billion would go to British Columbia.