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Woodfibre LNG seeks to add 2nd ‘floatel' to house work crew near Squamish

Woodfibre LNG seeks to add 2nd ‘floatel' to house work crew near Squamish

Global News01-05-2025

The company building a liquified natural gas (LNG) export terminal near Squamish is seeking to add a second 'floatel' to house its construction workforce in Howe Sound.
Woodfibre LNG said Thursday it was submitting an application to regulators to moor a second vessel with its current floatel, the MV Isabelle X, which would house nearly 1,000 additional workers.
'If approved, the addition of a second floatel creates more than 900 new jobs and allows Woodfibre LNG to answer the call to advance and diversify Canadian energy exports, provide more employment opportunities sooner and accelerate construction of the world's first net zero LNG export facility,' Woodfibre LNG CEO Luke Schauerte said in a media release.
2:10
Confusion over controversial floatel near Squamish
Activating Woodfibre's first floatel, a converted former cruise ship, proved to be a lengthy and controversial process.
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Housing the project's non-local construction workforce aboard a floatel was mandated through an amendment to Woodfibre's environmental assessment certificate in 2023, and backed by the Squamish Nation.
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But the District of Squamish council subsequently voted to deny the company a permit to moor the vessel, citing concerns about women's safety, increased traffic, waste management and natural hazards.
The district was ultimately overruled by the province's Environmental Assessment Office, which ordered the company to move more than 300 workers who had been living in a camp in Port Mellon and nearby hotels to the vessel.
2:27
B.C. orders LNG workers onto 'floatel' near Squamish
The company argues the vessel has since proved successful at housing workers while reducing impacts on traffic and the housing market in Squamish.
It said it will seek to retain Vancouver-based Bridgemans Services Group, the same company that procured and refitted the MV Isabelle X, for its second floatel.
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Woodfibre aims to produce 2.1 million tonnes of LNG for export annually starting in 2027.

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After former Leafs and Blue Jays players, CRA now goes after ex-Raptors star Norman Powell
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OTTAWA — On Feb. 4, 2022, former Toronto Raptors star guard Norman Powell received two pieces of news that would have a major impact on his life. Article content The first was from his agent telling him that he was part of a blockbuster trade that sent him from the Portland Trail Blazers to the Los Angeles Clippers. Article content Article content The second was from the Canada Revenue Agency (CRA) claiming over $1.2 million in additional income tax on 'inducements' paid by the Raptors in 2019 and 2020 to attract the star two-way guard to the surging Toronto team. Article content Article content Powell, who was part of the Raptors' 2019 championship team, is now appealing the CRA's decision in the Tax Court of Canada. Article content Article content Powell's faceoff with the tax agency is over the same issue as ex-Toronto Maple Leafs Patrick Marleau and John Tavares, namely that his nearly $7 million in signing inducements should be taxed at only 15 per cent and not at the top income tax bracket (over 50 per cent). Article content A key question for the court to determine is if the inducement offered by the Raptors Powell's contract to entice him to Toronto fits the definition of an 'inducement' under the U.S.-Canada treaty that sets the tax rate at 15 per cent. Article content The case, like Marleau and Tavares', could have a significant impact on how Canadian professional sports teams use signing bonuses or salary inducements as a tax incentive to attract foreign athletes to Canada instead of lower-taxed American organizations. Article content Article content Powell's lawsuit argues that the millions in inducements he signed with the Raptors to attract him to Toronto are covered by provisions of a Canada-U.S. tax treaty which set the tax rate for an 'inducement to sign an agreement' at 15 per cent. Article content Article content 'The Toronto Raptors and the Appellant (Powell) both understood that the Inducement was a key component of the Appellant's decision to sign' with the Canadian team, reads the appeal. Article content But, per Powell, the CRA disagreed. On Feb. 4, 2022, the agency issued notices of assessment to him for 2019 and 2020 that taxed his inducement payments at the ordinary federal and provincial income tax rates (likely over 50 per cent) instead of 15 per cent. Article content 'The Toronto Raptors agreed to pay the Inducement to entice the Appellant 'to sign an agreement relating to the performance of' his services as an 'athlete',' Powell wrote, saying that CRA's arguing otherwise is 'to distort the legal and economic reality' of his contract with the Raptors.

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