LAKE BABINE HAS SIGNED A PIPELINE BENEFITS AGREEMENT

with British Columbia to take advantage of natural gas pipeline development and the emerging LNG industry. The nation’s traditional territory is along the proposed route for TransCanada’s Prince Rupert Gas Transmission (PRGT) natural gas pipeline project. They will receive about $3.56 million in one-time payments from the Province as milestones are reached: $324,000 when the agreement takes effect, $1.62 million as construction begins, and $1.62 million when the pipeline is operating. Lake Babine Nation is also entitled to a share of $10 million a year in ongoing benefits for First Nations along the pipeline route. “This project meets Lake Babine Nation’s conditions for consent: it can be built in a way that is safe for our territory and resources; it has been developed and will be built with our meaningful involvement; and it will bring significant economic benefits to our people,” said Chief Wilf Adam. Located in several communities on Babine Lake and in and around Burns Lake, Lake Babine Nation has about 2,440 members.