British Columbia will now require proposed LNG projects that are going through or entering the environmental assessment process to have a credible plan to be net-zero emissions by 2030
British Columbia’s decision this week to toughen emissions standards for new liquefied natural gas projects creates one of the most robust climate plans in North America, but sets a high hurdle for industry even as many countries look to Canada to become a global supplier of gas.
Canada is the world’s sixth-largest gas producer and its west coast LNG industry has seen revived interest as the world tries to secure alternatives to Russian gas supply following the invasion of Ukraine. “The B.C. road map to 2030 is probably North America’s strongest climate plan but what was missing until now was answers on dealing with oil and gas. This fills in the missing gaps.”
B.C. released its energy action framework alongside a positive environmental assessment for the C$3-billion Cedar LNG project, a joint venture between Haisla First Nation and Pembina Pipeline Corp. Tristan Goodman, CEO of the Explorers and Producers Association of Canada, said the framework is generally “constructive and positive,” but the industry had some concerns about how the cap would be implemented.
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