![]() Service New Brunswick did not respond to a request for information about its valuation of the Canaport crude oil terminal, which it has not changed in seven years. The crude terminal also has an exemption from paying any provincial property tax. ![]() Given the "over 100 million barrels" of crude Irving Oil claims Canaport receives in some years, the property tax bill amounts to less than one cent per barrel. It would make it so much more to want to live in the city when industry is paying that kind of taxes," said Loweįormer Saint John city councillor and MLA Gerry Lowe advocates higher targeted property taxes on industry in Saint John, something current provincial laws forbid. "Why can't we even be somewhere in the same vicinity for the money that they're getting out there? That would make (Saint John) completely prime to live in. Lowe believes Canadian cities like Burnaby that receive substantially more revenue than Saint John from similar industrial operations prove there is room for taxation changes in New Brunswick "Expansion of Trans Mountain facilities in Burnaby would boost Trans Mountain's property taxes to $13 million per year." Room for change "Trans Mountain's major storage, distribution and marine shipping facilities are located in Burnaby, paying the city more than $7 million a year in property taxes," it explains in materials promoting the project. The two Burnaby facilities are already valued for property taxes by BC Assessment to be worth $259.5 million but that will grow substantially following the redevelopment, according to the company Irving Oil is hoping for more deliveries from an expanded marine terminal in Burnaby. The Cabo de Hornos arrived in Saint John in late July from British Columbia to unload its cargo of western Canadian crude oil. Trans Mountain is building an expanded interprovincial pipeline to more than double the amount of crude oil it transports from Alberta to British Columbia and its plan is to increase the Burnaby tank farm to 5.8 million barrels of storage by 2022 and rebuild the marine terminal to handle multiple ships at a time. A coastal loading facility for tankers on Burrard Inlet, about three kilometres away is connected to the tank farm by pipeline. The crude oil marine terminal in Burnaby is owned by the federal crown corporation Trans Mountain and includes a 76 hectare onshore tank farm with a 1.7 million barrel capacity. "From the BC Coast to the Bay of Fundy, our shipment of western Canadian crude has arrived in Saint John, NB and unloaded at Irving Canaport," Irving Oil tweeted in July about the Burnaby shipment, "We're thrilled to celebrate this milestone as we work to bring more Canadian energy home to #NB." Trans Mountain It was heralded by the oil industry as an important national moment and the expansion of the Burnaby facility has been promoted as a feasible way to move more western Canadian oil to New Brunswick. communitiesĮarlier this summer a tanker at the existing Burnaby oil terminal loaded up on western Canadian crude and sailed 11,900 kilometres through the Panama Canal to Saint John, where it delivered the cargo to Irving Oil. Canaport LNG property tax payment to Saint John to benefit 74 other N.B.Canaport LNG gets little new business from end of Nova Scotia gas.The National Energy Board endorsed the pipeline expansion earlier this year after reconsidering its effects on marine life off the coast of British Columbia. “The good old days of the oil industry are over and they need to start preparing for a new economy,” he said. He said the province’s focus on a future based on oil is “a fantasy.” Turn off the taps? Alberta already has Vancouver over a barrel with North America’s highest gas prices.vows to appeal after top court says province can’t restrict oil shipments across its borders Hurley said he doesn’t agree with Alberta’s ad campaign launched last week in an effort to sway people in favour of a pipeline that he and many residents of Burnaby do not support. ![]() “Any time you’re dealing with flammable liquids like oil there’s always a chance there can be a rupture of the tank, there can be a boilover of some sort within the tank that can cause really dangerous chemical reactions, not to mention fires that would come along with that.” “Everyone’s willing to put our community at risk to fulfil their needs and we need some answers,” Hurley said about the pipeline that would more than triple the amount of diluted bitumen flowing from the Edmonton area to a port in Burnaby. This advertisement has not loaded yet, but your article continues below. ![]()
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