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Musqueam and FortisBC sign benefits sharing agreement

DCN-JOC News Services
Musqueam and FortisBC sign benefits sharing agreement

DELTA, B.C. – FortisBC and the Musqueam Indian Band have signed a benefits sharing agreement, associated with the Tilbury LNG Projects.

The agreement will see Musqueam and FortisBC working in close collaboration as the projects are developed, including the Tilbury Marine Jetty.

FortisBC stated a shared goal of the agreement is to develop a world-leading LNG facility that will result in beneficial outcomes for Musqueam and the region, while improving the overall quality of the projects.

FortisBC added the agreement comes after years of the parties working to develop a mutually beneficial relationship. The agreement includes options, subject to regulatory approvals and certain conditions precedent, for Musqueam to acquire equity ownership in the proposed projects.

This includes the Tilbury LNG Storage Expansion Project and the Tilbury Marine Jetty Project.

“Musqueam is looking forward to being an equity partner with FortisBC at Tilbury, on the shore of the Fraser River, in the heart of Musqueam territory,” said Musqueam Chief Wayne Sparrow in a press relesae. “For thousands of years, Musqueam has lived along a trading route and supported trade in the region. Through our relationship with FortisBC, we are building on this strength while being leaders in energy stability and ensuring benefits for future generations.”

The parties noted the agreement is in addition to the project mitigations that have been or will be implemented as part of the Tilbury LNG Projects’ regulatory processes.

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