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Wednesday, October 3, 2018

Trudeau Can't Win -- Now The Canadian Environmentalists Want To Derail The One Project That Had A Chance -- October 3, 2018

From SeekingAlpha:
  • amid the enthusiasm over the final investment decision for the LNG Canada project by the Shell-led consortium, the project's potential carbon emissions have environmental advocates questioning the feasibility of British Columbia's carbon reduction goals
  • "How are we going to meet our legislated greenhouse gas targets when this substantial increase in emissions is happening?" asks Ian Bruce, a director with the David Suzuki Foundation
  • the B.C. government maintains the province will meet its climate change targets even with LNG Canada going ahead, saying the project's estimated carbon output will total 3.45M metric tons/year
  • but a Ministry of Environment spokesperson clarifies the forecast accounts only for Phase 1 of the project, with two production trains; Phase 2 would include two additional trains, which Bruce and others say could increase greenhouse gas emissions by 8M-9M tons annually
  • "This project is a carbon bomb," says Marc Lee, an economist with the Canadian Centre for Policy Alternatives.
Interestingly, if one wants to be consistent in one's reasoning, these folks have a case.

By the way, this is the problem that California now has. The state passed a law that say the state must obtain all electricity from renewable sources by 2045. Everyone knows that won't happen, but it effectively stops any new non-renewable energy projects from here on out. Unless a new non-renewable energy project is offset by a renewable project but that won't happen. Renewable energy projects can't possibly outperform a new non-renewable power project. 

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