Blog: An LNG ‘scenario’ is not a ‘forecast’
The International Energy Agency (IEA) has long collected and interpreted statistics, and calls itself “the most authoritative global source of energy analysis and projections.” In recent years, though, the IEA has also taken to painting three-part “scenarios” of possibilities. As others have noted, these scenarios tend to look like this: If current government energy policies…
Blog: FortisBC wins Indigenous support for LNG projects
With two LNG-related projects in the works, FortisBC has been seeking, and winning, support from affected First Nations. The first project is the proposed further expansion of FortisBC’s Tilbury LNG plant in Delta. Powered by renewable hydroelectricity, the Tilbury facility has been creating lower-carbon LNG since 1971. It was initially designed to store LNG that…
Blog: Federal loan-guarantee program coming, and welcome
Ottawa’s move to help Indigenous peoples fund investments in natural-resource and energy projects is coming, and, as requested by First Nations leaders, it will allow for equity investment in oil, gas, LNG, and related initiatives. The program was announced in the 2024-5 federal budget this week, with Finance Minister Chrystia Freeland promising that up to…
Blog: Canada’s LNG: Act locally, think globally
By KAREN OGEN We’ve come a long way since 2,500 years ago, when the Chinese used crude bamboo ‘pipelines’ to carry natural gas that seeped to the earth’s surface and used it to boil sea water to get drinkable water. Now we have LNG Canada testing its plant at Kitimat B.C., a $43-billion project that…
Key questions for Ottawa’s Indigenous loan program
The federal budget for 2024-5, due to be presented to Parliament on April 16, promises to include a loan-guarantee program to enable Indigenous People to invest in resource projects on their territories. Such a program should be welcome — but how welcome depends on Ottawa’s rules and red tape surrounding it. That a program is…