VICTORIA, BC — The International Energy Association’s annual World Energy Outlook confirms the BC Green Party’s position that there is no market for new BC LNG projects. The BC Greens are the only party who do not plan to expand the LNG industry.
“This report underscores how neither David Eby nor John Rustad have an economic plan that is rooted in reality,” said BC Green Leader Sonia Furstenau.
“They both want to prop up a sunset industry using billions in taxpayer subsidies. Not only is this industry quickly reaching its peak – the more scientists look into LNG, the more harmful we discover it is to our climate and to peoples’ health and safety. Declining global LNG prices are also hitting our provincial budget and driving up our deficit, underscoring the riskiness of an economic strategy based on harvesting raw commodities.
“On top of all that, doubling down on fossil fuel expansion puts BC at risk of having to deal with stranded assets.”
Earlier this month, a Cornell University study revealed that LNG’s carbon footprint is worse than coal. Fracking LNG has also been linked to earthquakes in Northern BC and adverse and low birth weight in other jurisdictions.
“BC has so many exciting industries that aren’t massive contributors to climate change. From tech to film to agriculture to small business, BC has no shortage of opportunities to invest in a stable, clean economy. It’s a tragedy that we have two major parties who fail to recognize this. The BC Green MLAs will push for policies to build a strong, sustainable economy.”
The BC Green Party platform promises to halt the expansion of the LNG industry and set a phase-out date for oil and gas projects.
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