The Canadian government unveiled Thursday tax breaks for developers of liquefied natural gas export projects in an effort to kick-start investment amid a low energy-price environment. At an event in suburban Vancouver, British Columbia, Canadian Prime Minister Stephen Harper said LNG developers would be eligible to write off industrial equipment and real estate at a faster pace. The write-off is eligible for equipment and real estate acquired after Thursday up until 2025. Ottawa estimates the cost to the federal treasury of about 50 million Canadian dollars (US$40.3 million) over a five-year period. The province of British Columbia, which is banking on LNG development and shipments to spur future growth, had lobbied for such tax breaks, as did the industry. Mr. Harper said in a statement that the move “builds on our low tax plan for jobs and growth, strengthening the […]