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It’s being billed as the largest-ever private investment in Canadian history and fulfills the dreams of two B.C. premiers: the $40-billion LNG Canada project has received the green light from shareholders.

The co-owners of the liquefied natural gas project, which will be located in Kitimat, B.C., flew to Vancouver to make the announcement alongside Prime Minister Justin Trudeau, B.C. Premier John Horgan, and First Nations leaders. The terminal and associated pipeline are expected to create 10,000 construction jobs, revitalize B.C.'s north coast and boost the confidence of international investors looking to do business in Canada. It also gives the federal government and the petroleum industry a much-needed victory on the heels of a Federal Court of Appeal ruling that blocked the Trans Mountain pipeline project.

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Mr. Trudeau, already buoyed by this week’s agreement with the U.S. and Mexico to replace NAFTA, hailed the LNG Canada project as a sign of confidence in the Canadian economy, which he says depends on getting the country’s resources to market.

But the project also has risks for both Mr. Trudeau and Mr. Horgan, who have made fighting climate change and reducing greenhouse gas emissions major priorities. LNG Canada will generate significant amounts of greenhouse gas emissions, which the B.C. government estimates will amount to 3.4 megatonnes a year (environmentalists say the real figure will be much higher).

Those emissions will make it more difficult for B.C. to meet its climate targets, and this poses a particular problem for Mr. Horgan. His NDP government is in power thanks to support from the third place BC Greens. Leader Andrew Weaver has previously threatened to bring down the government over the issue.

Mr. Weaver has softened his threats somewhat, saying he will look at the province’s climate plan before acting. And his party’s support for LNG-related legislation won’t be needed, because the Opposition BC Liberals, who all but took credit for the project’s approval, are expected to be enthusiastic supporters.

This is the daily Politics Briefing newsletter, written by Chris Hannay in Ottawa and James Keller in Vancouver. Have any feedback? Let us know what you think.

You have less than two weeks left to take advantage of our special offer of 75 per cent off all digital access to The Globe & Mail. Beginning October 11, the Politics Briefing newsletter will become a subscriber-only feature. We rely on our subscribers to support our ambitious journalism. If you’re not a paying subscriber yet, we hope you’ll join us to continue to receive this newsletter and get full digital access. The offer expires Oct. 11. Thank you for your readership and please let me know if you have questions. Scott Adams

TODAY’S HEADLINES

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Prime Minister Justin Trudeau says his government will continue pursuing closer trade ties with China, and will not be held back by a new clause in the U.S.-Mexico-Canada Agreement that would seem to discourage trade with China.

The government’s top cybersecurity official says there are many “layers" to keeping tabs on potential espionage threats, such as Chinese telecom giant Huawei.

Parliament has officially revoked the honorary Canadian citizenship of Myanmar leader Aung San Suu Kyi after the Senate unanimously agreed to do so.

François Legault, the incoming premier of Quebec, says his government will ban the wearing of religious symbols by public servants, such as police officers, teachers and judges, and he’ll use the notwithstanding clause to get around the Charter of Rights and Freedoms if he has to.

Research out of B.C. suggests overprescribing of opioids may not be a significant factor in overdose deaths in the province. The preliminary findings by the BC Centre for Disease Control come as the B.C. government prepares a lawsuit seeking compensation from pharmaceutical companies for the harm opioids have caused.

And the New York Times is reporting that Donald Trump used a number of questionable tax schemes – including, the report says, “outright fraud” – in the 1990s so that his parents did not have to pay as much tax on money transferred to their children. Mr. Trump’s lawyer says he had no direct involvement in the schemes, and any problems must have been due to his accountants and family members.

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David Parkinson (The Globe and Mail) on the new U.S.-Mexico-Canada trade agreement: “For a Canadian economy that has grown increasingly handcuffed by trade uncertainty even as it gained momentum over the past year, the removal of the dark cloud looming over the North American free-trade agreement brightens Canada’s growth prospects significantly.”

Hugh Stephens (The Globe and Mail) on the deal’s impact on Canada-China relations: “Of all the penalties we have had to pay to get the North American free-trade agreement essentially renewed, this is the highest. We have just sacrificed our independent trade (and arguably foreign) policy on the altar of the USMCA. What were our negotiators thinking?”

Colin Robertson (The Globe and Mail) on the path ahead: “We are not out of the woods – congressional approval of the necessary implementation legislation is no slam dunk and there is still the threat of further Trumpian protectionism, whether direct or through collateral damage.”

Liberal MP Majid Jowhari in The Hill Times on the mental health of those working on Parliament Hill: “I don’t think anyone would be surprised by the kind of culture these conditions can so easily foster: a workplace clouded by unanswerable questions, that fetishizes exhaustion and encourages staff to take pride in being overworked and under-appreciated.”

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