Our newsletter: 05 December 2024
LNG critics’ hype misses marks
Opponents of LNG development lost no time in urging the new BC government to squash the industry. But they ignored how world LNG demand is strong, and BC’s LNG is cleaner. And they ignored much more about the benefits.
Instead of the usual environmental attack, the hype used a new angle: It said the LNG industry needs more electricity, but LNG is a risky business, and so BC should provide clean electricity not to LNG producers but to ‘net-zero-aligned industries that are showing much more promising growth over the long term.’
The LNG critics ignored such estimates as the graphic one above, showing world LNG use growing by 90 per cent by 2039, and they ignored other forecasts of increasing global demand.
Australia’s Woodside Energy, for one, said last week that it expects the global market for LNG to grow by 50% over the next 10 years. Shell forecast earlier that world demand by 2040 will be up nearly 70%. Energy consultant Wood Mackenzie sees LNG demand from Asia growing almost 90% by 2050.
The gripers ignored, too, how the BC government expects to take in $684 million from natural gas for 2023-24. And how it expects natural-gas royalties to BC to grow to $1.43 billion in 2027.
- Read our blog here: https://ow.ly/Ack250UgUv0
Trump and Trudeau meet on U.S. tariff plan
U.S. president-elect Donald Trump said he had a “very productive meeting” with Canadian Prime Minister Justin Trudeau, after the two leaders got together at Trump’s Mar-a-Lago estate in Florida.
The visit came after Trump had promised Americans that he would impose tariffs of 25% on “all” U.S. imports from Canada and Mexico.
If he indeed means “all’, then the charges would apply to huge U.S. imports of natural gas and oil from Canada.
Canada supplies 99.5% of US natural-gas imports, sending south some 6.5 billion cubic feet a day via pipeline. Canada thus provides 9% of the gas used by US homes and businesses. And our oil exports to the U.S. have been running at some 4.3 million barrels a day.
Trump called the meeting “very productive” but did not specifically mention energy imports. Trudeau said he had an “excellent conversation” but also did not mention tariffs on oil, gas, and energy.
Sources said Trump and his team indicated they plan to balance their federal budget through tariffs, and then strike exemption side-deals on a country-by-country basis.
Trump firmly linked tariffs to his demand for tighter border controls with Canada (and Mexico) to combat organized crime’s drug smuggling and illegal entry by people. Trudeau said Canada will put more helicopters into service for border patrols.
- BBC News: https://ow.ly/6TqF50UiEjG
- Global News: https://ow.ly/9wwI50UiEjF
- How tariffs could affect our exports: https://ow.ly/WPVH50Uh0UG
Indigenous energy news
- Seven BC First Nations get $7.7 million from BC for clean-energy projects to reduce use of diesel fuel for electricity generation: https://ow.ly/8rB850UjxHv
- BC First Nations want a share in a $4-billion power line (which, among other things, would feed LNG projects) https://ow.ly/eQpn50UjX7k
- Innagreen and Cowessess First Nation launch wind farm in Saskatchewan: https://ow.ly/zHKK50Uc2H0 (Photo above)
- The First Nations Climate Initiative gets ‘new partners’ in its drive to reduce emissions from using LNG: https://ow.ly/hawG50Uh5mA
- First Nations are involved in more than 200 significant clean-energy projects across Canada: https://ow.ly/qwAh50Uj6II
- National Wah-ila-toos Indigenous council report seeks to lead Canadian renewable-energy transition: https://ow.ly/lRf750UclJi And federal ministers welcome it: https://ow.ly/OUAO50UclJj
- Ottawa looks for proposals to support Indigenous and coastal communities in Atlantic Canada to pursue offshore wind development: https://ow.ly/nUAQ50UbaAT
- Ontario’s Hydro One and nine First Nation partners break ground on Waasigan transmission line project: https://ow.ly/g6wl50UeWzY
- Pimicikamak Cree Nation in Manitoba signs deal to offer forest carbon credits: https://ow.ly/GeCg50UgSBc
- Indigenous Energy Project will help provide clean-energy jobs in Nova Scotia: https://ow.ly/TSAK50UjYSC
ALSO IN THE NEWS
- FortisBC aims to have its Tilbury Phase 2 LNG expansion in Delta ‘carbon neutral (that is, net zero) by 2030.’ https://ow.ly/9I2R50UkS4B
- Canada should look for more export customers for our natural gas and oil. And kickstart the second phase of LNG Canada or Ksi Lisims LNG. https://ow.ly/1T5g50Ui7Fo
- First Nations are participating in major projects totalling $45 billion, says a report from the First Nations Major Projects Coalition https://ow.ly/21SL50UhJJw
- The First Nations Climate Initiative gets ‘new partners’ in its drive to reduce emissions from using LNG: https://ow.ly/TraK50Uh5mq
- BC’s environmental certificate for the PRGT pipeline, to feed Ksi LisimsLNG, was to expire on Nov. 25. The BC Environmental Assessment Office now will determine if the line has been “substantially started.” If so, the certificate could remain alive. https://ow.ly/q0hz50UehiK
- The BC Environmental Assessment Office has received a request from Cedar LNG to change plans related to powerlines and the marine terminal area for its LNG facility near Kitimat. The EAO is assessing it. More info: https://ow.ly/eKhg50Ugmzg
EVENTS
- Future Fuels Forum to ‘explore the future of hydrogen and sustainable energy solutions.’ Prince George, Jan. 13-14: https://ow.ly/6Nki50TE83B
- 22nd Annual BC Natural Resources Forum, Jan. 14-16, Prince George: https://ow.ly/BajJ50Tr1aU
- Greater Vancouver Board of Trade Economic Outlook Forum, Jan. 30, Vancouver: https://ow.ly/s7bw50Ujkrp
- National Coalition of Chiefs, Clean Energy Summit, Feb. 13-14, Tsuut’ina Nation, near Calgary: https://ow.ly/TT0350TYQyr
- Canadian Institute’s Western Indigenous Consultation & Engagement conference, Feb. 20-21, Edmonton: https://ow.ly/4MsG50TUBpb
- Canadian Gas Association Energy Security Summit, March 25-26, Ottawa: https://ow.ly/ozwT50TYNRA
- Nation2Nation Women’s Gathering, April 24-25, Kitimat BC: https://ow.ly/A8yo50SYpkv
- First Nations Major Projects Coalition, 8th annual conference, April 27–29, Toronto: https://ow.ly/jcSA50Ub44c
- National Aboriginal Capital Corporations Association, Indigenous Prosperity Forum, May 7-8, Gatineau PQ. Details TBA.
- Global Energy Show Canada, June 10-12, Calgary: https://ow.ly/f6lS50Uk1zW
- Ninth Indigenous Resource Opportunities Conference, June 18-20, Nanaimo BC: https://ow.ly/m1rW50SHvIp
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