Canada Aboriginals Reject $960 Million Petronas Gas Deal

will's picture

Happy to see some people who understand what's truly valuable.

An aboriginal group along Canada’s Pacific Coast turned down Petroliam Nasional Bhd.’s offer of C$319,000 ($267,000) for each member as compensation for building a natural gas export terminal on ancestral lands.

The Lax Kw’alaams Band in northern British Columbia spurned the C$1.15 billion package after the community unanimously voted against the $30 billion project in three polls. The group is concerned that the project will harm the environment. The rejection is a new obstacle to plans to export liquefied natural gas from North America to Asian markets.

The public should recognize that “this is not a money issue: this is environmental and cultural,” the group said in a statement Wednesday. Opposition to the plan was overwhelming, Garry Reece, mayor of the town of Lax Kw’alaams, said in an interview in Vancouver Tuesday, before the band leadership made a final decision.

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