City Council - July 13, 2026 - Minutes - City of Richmond, BC

R 26 /13-6 It was moved and seconded That Council endorse the key terms for the Sewage Diversion and Funding Agreement between Lulu Island Energy Company and Metro Vancouver. The question on Resolution No. R 26 /13-6 was not called as in response to queries from Council, staff advised that (i) the current market value of greenhouse gas credits is $120 per tonne of CO 2, and this project will provide value above this amount, (ii) the current system provides about a 300-400 percent efficiency, (iii) estimated cost for the project is $114 million which includes contingencies, (iv) the $10 million funding from Metro Vancouver is based on eligible costs for Metro Vancouver-owned infrastructure, and (v) Metro Vancouver is being offered greenhouse gas credits equal to about 13% of the facility’s total generated credits. These credits are expected to be transferred within 10 years, LIEC and the City of Richmond will still retain enough credits to support their environmental initiatives. Discussion ensued with respect to (i) increase in overall efficiency with the Sewer Heat Recovery facility, and (ii) the facility being a highly localized district energy with a zero emissions component, excellent temperature stability and low infrastructure costs. The question on Resolution No. R 26 /13-6 was then called and it was CARRIED .

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗