The Future of British Columbia LNG

Yesterday much of the Chinese capital shut down after Beijing’s city government issued its first red alert for pollution. China, which meets 66% of its energy through coal, has committed to reducing that to 62% by 2020. [source] Despite that commitment, it continues to build new coal fired power plants at an alarming rate.

Coal is the dirtiest of all fossil fuels, it creates more pollution than oil, natural gas and gasoline when burned.

Liquid natural gas (LNG) is the cleanest fossil fuel, and Canada has an abundance of natural gas.

“That’s another significant piece that people miss on this whole LNG story in B.C – that we’re actually helping large economics that are continuing to grow to create new transition fuels to get out of older fuels into cleaner-burning fuels,” said Greg D’Avignon, CEO of the Business Council of BC.

Northeastern BC is home to the Montney Formation and Horn River Basin, the third largest hydrocarbon fields in North America.

Between the drilling, piping, and exporting of the natural gas in British Columbia, there is over $100 billion of proposed capital investment. Each project has one key component, all of the natural gas comes from Northeast BC.

A few of these massive capital projects proposed:

  • LNG Canada led by Royal Dutch Shell – $40,000,000,000 [source]
  • Pacific NorthWest LNG led by Petronas – $36,000,000,000 [source]
  • West Coast Canada LNG led by Exxon Mobil – $25,000,000,000 [source]