🇨🇦 Mark Carney
Mark Carney praises LNG Canada terminal expansion in B.C.
What happened
The second phase of the LNG Canada terminal in Kitimat, BC is expected to double the terminal's annual capacity to 28 million tonnes, with construction starting in the 2030s. The project, a joint venture between Shell and Asian companies, will create thousands of jobs and provide a stable supply of energy to global markets. The project's first phase, which began in 2019, has already gone into service and emits more than four million tonnes of greenhouse gases per year.
Why it matters
The project's expansion is significant because it will have a substantial impact on Canada's carbon emissions and energy exports. The terminal's increased capacity will provide a major boost to Canada's economy and energy sector. The project's approval has been controversial, with some environmental groups criticizing its potential environmental impacts.
Key facts
- LNG Canada's second phase is expected to cost over $20 billion
- The project will double the terminal's annual capacity to 28 million tonnes
- The terminal's first phase emits more than four million tonnes of greenhouse gases per year
- The project is a joint venture between Shell and Asian companies
- The project's construction is expected to start in the 2030s
Topics
Publisher evidence used
Reporting attributed to stcatharinesstandard.ca. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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