Pembina is about to make the final investment decision on the $4-billion Cedar LNG project in British Columbia.
Pembina is about to make the final investment decision on a $4-billion LNG project in British Columbia , Bloomberg has reported, citing unnamed sources close to the company. The Cedar LNG project will use funding from at least 15 banks, according to the report. That’s despite a push from climate activists for banks to stop funding energy projects that involve hydrocarbons.
The project will be powered with electricity produced from hydropower plants, making it one of the lowest-emission LNG facilities, according to its operators. The news about the Cedar LNG final investment decision comes despite the fact that Canada’s federal government does not consider the idea of LNG exports a priority in its energy agenda.
LNG Natural Gas FID Cedar Climate Activists
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