Tuesday, July 2, 2019

LIBERALS DISCOURAGE LNG WHILE FUNDING LNG PROJECTS

The Global Energy Monitor says an international boom in liquefied natural gas exports is undermining global efforts to stop climate change and Canada is one of the industry's biggest players.

The federal Liberals are moving to discourage the construction of new natural gas plants, issuing regulations last week to increase the carbon tax on any new plants added after 2021. But the government is heavily supportive of exporting natural gas to Asia.

Natural Resources Canada says 18 LNG projects are proposed in Canada, 13 in British Columbia, two in Quebec and three in Nova Scotia. The federal government just announced a $220 million contribution to the LNG Canada project in Kitimat, B.C., to help fund energy-efficient gas turbines as part of the $40 billion project.

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