The Haisla First Nation's Kitimaat Village is seen in an aerial view along the Douglas Channel near Kitimat, B.C., in January 2012.
Pembina Pipeline Corp. and the Haisla First Nation say they have made a final investment decision that will see them go ahead with their proposed $4 billion US Cedar LNG project off the B.C. coast.Posted: Jun 25, 2024 6:49 PM EDT | Last Updated: 30 minutes ago
The partners said they have received "strong support from domestic and international capital providers" for the financing of the project, which is expected to be in service in late 2028.Cedar LNG will use natural gas from Western Canada to produce LNG for export to Asian markets, with a capacity of 3.3 million tonnes per year.
Crystal Smith, chief Councillor for the Haisla Nation, embraces Premier David Eby after announcing the energy project Cedar LNG in March 2023. B.C. Premier David Eby called Cedar LNG a 'shining example of how natural resource development should work' in the province. "With Cedar LNG, we have proven that Indigenous communities can successfully forge a path to economic independence and generational prosperity."
They argue that building massive LNG terminals that require huge upfront capital investments "locks in" future greenhouse gas emissions at a time when the world needs to be planning for a lower-carbon future.
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