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What an exciting few months it's been in the fight against liquefied natural gas (LNG). Two massive projects at the mouth of the Skeena River have been scrapped thanks to shoddy economics and fierce opposition.
These two LNG plants alone would’ve more than doubled BC’s 2050 target for carbon pollution and required a staggering 18,000 new fracking wells.
Yet one plant near Squamish seems immune to LNG’s failings. Woodfibre LNG made its final investment decision to build last year – thanks to a whopping subsidy on its power rates.
Woodfibre sells BC Hydro power from its run-of-river hydro project at $158 per megawatt hour. Now it plans to buy it back for LNG at a third of the price.
We need you to write to Premier John Horgan and BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall to demand they stop this corporate welfare scheme. Ratepayers should not foot the bill for failing LNG investments.
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