New Carbon Tracker Report Calls $82 Billion of B.C.’s LNG Ambitions into Question
desmogblog.ca| Published Monday, July 6, 2015
By Carol Linnitt
A new report released by the London-based Carbon Tracker Initiative finds more than $283 billion in potential liquefied natural gas (LNG) projects worldwide are likely unfeasible in a carbon-constrained world. The report identifies $82 billion in potential Canadian LNG projects — almost entirely in B.C. — potentially headed for the rubbish bin.
If the world is to limit global warming to an increase of 2 degrees Celsius, “energy companies will need to be selective over which gas projects they develop,” the Carbon Tracker Initiative stated in a press release. Many high carbon, high cost LNG projects will simply need to be abandoned. LNG is natural gas cooled and compressed to a liquid form for transportation via tanker… “read more>”
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