$40B natural gas investment could be undermined by China, warns environmentalist
CBC Radio ·
An artist's rendering of the proposed LNG Canada project in Kitimat, B.C. (LNG Canada/Flickr)
The $40-billion liquefied natural gas project in northern B.C. could be obsolete a lot sooner than we think, according to environmentalist Karen Tam Wu.
"It shouldn't come as a surprise China will say, we don't need natural gas anymore, because we are fully self-sufficient on renewable sources of energy."
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The $40-billion project was announced Tuesday. Construction begins "immediately," according to LNG Canada, and the new facility is scheduled to be operational sometime in the early 2020s.
Five primary investors — Royal Dutch Shell, Mitsubishi Corp., Malaysian-owned Petronas, PetroChina Co., and Korean Gas Corp. — will fund the pipeline. It will carry natural gas from Dawson Creek in B.C. to a new processing plant on the coast in Kitimat. There, the gas would be liquefied and exported in the main to the Chinese.
Final approval has been given for a $40-billion liquefied natural gas plant and pipeline for Northern B.C. The 670-kilometre pipeline will run natural gas from Dawson Creek to the plant in Kitimat, which will liquefy and export the gas to Asia. (CBC News)
But Tam Wu warned the investment could be undermined by by the Chinese.
"The terminal and this project has somewhere between 40- and 60-year lifespan," she said.
Given China's development, the lifespan could be cut short, she added.
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