Move in March underscores the growing political and economic uncertainty that LNG projects are facing.
Does not address opposition to the natural gas pipeline being built through their territory by Coastal Gaslink.
First fully funded and permitted LNG production facility in the Fort Nelson, BC area.
The company is applying for a five-year extension to its environmental certificate which expires in October.
Committee called for three major resource projects in BC to be halted until free, prior and informed consent of all affected Indigenous groups was granted.
Will work with Wet’suwet’en leaders, the RCMP, Coastal GasLink, the provincial public sector and other parties.
Courts have ruled in favour of the project, the rule of law will apply.
Wet’suwet’en hereditary chiefs advised the company tit was “trespassing” on unceded territory and demanded they vacate.
Lower long-term prices for oil and natural gas will reduce the value of its assets.
Will replace diesel, fuel oil, compressed natural gas and propane that cost more or have higher emissions.
Growing demand for energy in Asia will be a driving force behind the company’s Canadian midstream business.
The Split Flow Integrated LNG process uses specialized materials and chemistry to remove carbon dioxide and other impurities from the natural gas stream without having to cool and then warm the gas.
Industry was staggered by project delays and all but halted by declining global price trends.
One expert says the idea that natural gas is a solution for climate change is “a fallacy.”
Proposed $10-billion LNG project is to produce about 10 million tonnes per year.