Enbridge Inc. has extended its push into liquefied natural gas as global demand soars, scooping up a stake in a proposed LNG project on the West Coast — even…
On Friday, the Calgary-based energy company announced it was buying a 30 per cent stake in the construction and operation of the Woodfibre LNG processing and export facility near Squamish, B.C.
“Expanding global access to natural gas through LNG will play a critical role in North America’s energy future and will help to reduce the world’s greenhouse gas emissions through the displacement of coal-fired power generation.” Planned for the site of the century-old Woodfibre pulp and paper mill — it closed in 2006 — the plant is slated to pump out 2.1 million tonnes of LNG per year, with a storage capacity of 250,000 cubic metres.
Saxby also claimed the facility would put residents of Howe Sound and Vancouver at risk due to ramped-up tanker and pipeline activity.
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