On Tuesday, the Hasila Nation and its partner Pembina Pipeline Corporation announced a green light with their final investment decision in the Cedar LNG plant.
RELATED: A final investment decision is looming on Cedar LNG, the first majority Indigenous-owned liquified natural gas project in the world.
“Cedar LNG will be one of the largest First Nations majority-owned infrastructure projects in Canada,” Osborne said in a statement. “It will play a key role in the Haisla Nation’s path to economic independence over the next four decades, employing up to 500 people during construction and providing 100 good, secure jobs, once operational.”The Cedar LNG plant will be powered by hydroelectricity sourced from BC Hydro, which its proponents claim will make it among the lowest carbon-emitting LNG facilities in the world.
Supporters of the liquified natural gas industry say LNG can help lower global greenhouse gas emissions by helping developing countries switch from burning coal. But environmentalists say the industry creates its own emissions through the liquefaction and transportation process and the drilling and flaring of natural gas. They also note that methane has a much more potent warming effect than carbon dioxide in the near term, and warn that the gas often leaks during shipping and production.Ottawa is mulling tariffs on Chinese EVs. Could it change how much you pay?Ottawa is mulling tariffs on Chinese EVs.
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