Berkshire Hathaway opts not to invest $4B in liquified natural gas plant and pipeline
Warren Buffett's investment company Berkshire Hathaway has decided not to invest $4 billion in a liquefied natural gas (LNG) plant by the Saguenay port.
The marine terminal to ship LNG to overseas markets is slated to be built roughly 230 kilometres northeast of Quebec City, at a cost of $9.5 billion.
The Lheidli T’enneh First Nation has responded to a Transportation Safety Board of Canada (TSB) report on an October 2018 Enbridge pipeline explosion near the community’s borders, saying the report contains “shocking” confirmation of serious safety breaches.
More than 100 people protested outside a mining convention Sunday in downtown Toronto, where they blocked traffic on multiple roads and stood in front of entrances to the event.
Organizers said they were demonstrating against the harmful effects of resource extraction to the environment and to Indigenous lands.
At one point, protesters attempted to enter the convention but were stopped by police.
"Projects that enable fossil fuel growth at this moment in time are an affront to our state of climate emergency, and the mere fact that they warrant debate in Canada should be seen as a disgrace."
Study indicates human fossil methane emissions have been underestimated by up to 40%
The oil and gas industry has had a far worse impact on the climate than previously believed, according to a study indicating that human emissions of fossil methane have been underestimated by up to 40%.
Although the research will add to pressure on fossil fuel companies, scientists said there was cause for hope because it showed a big extra benefit could come from tighter regulation of the industry and a faster shift towards renewable energy.
