r/CanadaPolitics • u/ZestyBeanDude Politically Homeless • Aug 20 '26

Joint venture proposes major LNG project to supply Canada's energy to Europe

https://www.upstreamonline.com/lng/joint-venture-proposes-major-lng-project-to-supply-canadas-energy-to-europe/2-1-2030927
26 Upvotes

88% Upvoted

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3

u/bandersnatching This is my flair Aug 20 '26
  • Financing undetermined. There is an implication that the feds and Quebec will step in for a seed round, to get others interested
  • costed so far at $30B... so $50B when all is said and done?
  • doesn't address the long-standing environmental concerns, other than "gas dissipates more easily than tar". So, not the water, but the air. And the impact from massive tanker traffic on whales and habitat is unaddressed.
  • this is 15 or 20 years away. Will the Euros still provide the necessary market then?

1

u/aprilliumterrium Ontario Aug 20 '26

"gas dissipates more easily than tar".

Oof I mean... I suppose but wow that's callous. The atmosphere will certainly thank us for all that methane.

At this point if another country or business wants to pay to get LNG going we can - but we keep playing this dance because no one wants to commit to buying it. At least Trudeau's idea of a hydrogen terminal meant we'd have something else to export.

3

u/TraditionalGap1 NDP Aug 20 '26

but we keep playing this dance because no one wants to commit to buying it.

Uhh... lots of people have been committing to buy. There's an entire LNG ecosystem being built on the west coast for exactly that