Highbank Resources Ltd. (TSXV:HBK,FWB:V70) has applauded the government of British Columbia for reducing levys for LNG producers. The company believes that the revised tax structure will help bring more energy investment in BC.

As quoted in the press release:

This LNG levy regime will be of tremendous benefit to Highbank, which is poised to commence production at its NI 43-101 compliant, aggregate deposit on the Portland Canal. To put the scope of the proposed development of LNG in B.C. in perspective the following map indicates the location to the companies’ involved.

Highbank president and CEO, Victor Bryant, said:

The Highbank board of directors whole-heartedly applaud B.C. Premier Christy Clark and her Ministers on their revised B.C. LNG export levy.

Click here to read the Highbank Resources Ltd. (TSXV:HBK) press release

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