TC Energy is carefully reviewing yesterday’s announcement by the B.C. Government of a new Energy Action framework for the province’s liquefied natural gas (LNG) sector. We applauded the B.C. Government’s decision to approve the Haisla Nation’s Cedar LNG Project.
If B.C. is serious about fighting climate change and improving affordability for British Columbians, the best tool in our toolbox is the export of cleaner LNG. We are optimistic that the Haisla Nation’s legacy will unlock more Indigenous-led LNG projects in B.C. LNG exported from B.C.’s facilities, including Cedar LNG, will help end Asia’s reliance on coal-fired power plants, drastically improving air quality for billions of people. Through the Coastal GasLink and LNG Canada project alone, we will be able to reduce global emissions by 60 to 90 million tonnes of CO2. That’s more than BC’s total annual emissions eliminated from a single LNG project. Not only will Canadian LNG replace high-emission coal, it will also curb Russia’s dominance as the world’s largest exporter of natural gas. Instead, Indigenous Peoples like the Haisla Nation and British Columbians will prosper as part of the global clean energy transition.
For example, Coastal GasLink has awarded over $1.5 billion in contracts to Indigenous and local businesses. These are high-paying, family-supporting jobs that make a difference in local communities. More LNG projects in B.C., especially those in close partnership with Indigenous communities, will mean more dollars in the pockets of British Columbians. The world needs more Canadian LNG, and British Columbia can deliver it.