Exxon Mobil Corp. has withdrawn its environmental assessment application for a $25-billion LNG export facility on the B.C. coast it proposed in 2015.
The apparent shelving of the WCC LNG project is the latest blow to the West Coast liquefied natural gas export industry which at one time featured about 20 proposals, but has resulted in only one firm commitment to build.
Exxon Mobil and Imperial continuously evaluate their portfolios to identify opportunities to invest, restructure or divest assets to strengthen their competitive position and provide the highest return to shareholders, said company spokeswoman Julie King
She didn’t say why the application was withdrawn.
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