LNG is an important fuel in our energy mix, and is half the emissions of coal. LNG has benefits for Canada, for the world and for the global environment.
It means massive new investments here in Canada, will help lift hundreds of millions around the world out of energy poverty and contributes to the global effort to reduce emissions.
But that hasn’t stopped a foreign-funded group supported by organizations like the Rockefeller Brothers Fund (the same groups dedicated to land locking Canadian resources) to try and undermine this important industry.
They published a new report that claims LNG poses a greater threat than the development of new coal facilities and will hurt our ability to reduce global emissions.
Here is the real story on LNG development here in Canada and its impact on emissions:
- Global demand for natural gas will increase 43 per cent by 2040, with rising demand in India and Southeast Asia
- Globally, one billion people live without electricity and three billion people use fuels like wood or biomass to cook, impacting their health and quality of life (Source: World Bank 2019)
- Estimates show by 2040, about 1,500 megatonnes of carbon dioxide equivalent (MtCO2e) emissions could be eliminated every year if new power plants in China, India and Southeast Asia are fueled by natural gas instead of coal
- Canadian LNG is 65 per cent less carbon intense than coal for electricity
- The total net global GHG reduction from each Canadian LNG plant is estimated to be about 100 MtCO2e per year
- Canadian GHG emissions intensity from LNG facilities is expected to be uniquely low, due to strong regulations and an opportunity to electrify the upstream
- The LNG Canada project, which came with a $40-billion investment, “has been designed to achieve the lowest carbon intensityof any operating large-scale liquefied natural gas plant in the world”
- The net impact of GHG reductions from LNG production from LNG Canada alone will lead to 60 to 90 million tonnes of C02 (Source: John Hopkins University, University of Calgary, Michigan Institute of Technology and Southern Methodist University joint study)