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Carney says LNG Canada expansion offers ‘secure’ supply for Asia, Europe

Click to play video: '‘Thousands of new jobs’: Carney announces $33B investment in LNG Canada 2'
‘Thousands of new jobs’: Carney announces $33B investment in LNG Canada 2
Prime Minister Mark Carney was in Vancouver on Tuesday, where he announced that LNG Canada is moving forward with its Phase 2 expansion project in Kitimat, B.C. “Today’s $33 billion investment in LNG Canada 2 will make LNG Canada the second-largest facility of its kind in the world. It will create over thousands of new jobs,” Carney said. “It will connect low-cost, low-carbon Canadian energy to global markets, providing the secure supply our partners in Asia and Europe need," he added.

Canada’s Prime Minister Mark Carney announced in Vancouver on Tuesday that LNG Canada is moving forward with the Phase 2 expansion project in Kitimat, B.C.

“Today’s $33 billion investment in LNG Canada 2 will make LNG Canada the second-largest facility of its kind in the world. It will create thousands of new jobs,” Carney said.

“It will connect low-cost, low-carbon Canadian energy to global markets, providing the secure supply our partners in Asia and Europe need.”

The expansion comes as global energy markets have been in turmoil amid the war in the Middle East and the closures of the Strait of Hormuz over recent months, sending prices soaring.

Carney added that this is a “great” day for Canada.

“The scale of this investment shows it,” he said.

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“The partnership proves it. The speed confirms it. Canada is working. Canada is building big again”

Click to play video: 'LNG Canada gets final green light for expansion'
LNG Canada gets final green light for expansion

Carney said that this project represents Canada coming together on a bigger scale.

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“It’s above and beyond this project,” he added.

“It’s the way it’s come together. It’s the way it’s being built. It’s the teamwork that’s here that teaches a lesson for all Canadians.”

BC NDP leader David Eby called the announcement a “big deal.”

“I want to recognize a few people who are very key to getting us here today,” Eby added.

“But I also want to take a moment to reflect on what it means to have the partners that we have committing to Phase 2 of this project in British Columbia and in Canada.

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“We have very high standards, unapologetically. Workers have to be treated right. Indigenous partners need to be at the table. We need to ensure that when we build a project like this, that it has world-leading environmental standards and there has to be a fair return to Canadians and to British Columbians.”

Eby said he visited Kitimat and spoke to those working in Phase 1 and they wanted to know when Phase 2 would become a reality.

“This project means 4,000 in just the Phase 2 project, 4,000 high-paid jobs,” he added.

“It doesn’t talk about all the ancillary jobs that come with that. It means $28 billion over the life of the project in revenue for governments to pay for the services that people depend on.”

Former B.C. premier Christy Clark said she was thrilled by Tuesday’s announcement.

“I am so delighted,” she said.

“We started talking about LNG in 2011. Everybody made fun of us, and me in particular. And I think John Horgan and David Eby both said that I was like some kind of crazy dreamer just making stuff up. And I’m glad they both turned out to be so wrong.

“This is so good for workers and for our economy.”

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Clark added that if B.C. had embraced LNG years ago, the province would not be in the position that Carney is now trying to fix.

“He says we don’t have diversified markets, we don’t have partners in Asia, we’re not selling enough of our natural resources,” she said.

“That was the whole point of LNG. Create jobs at home and diversify our market so that we’re no longer so dependent on the United States. If we’d been allowed to just, you know, by other levels of government, federal government in particular, but then subsequently the NDP governments of Horgan and Eby, we’d been allowed to go ahead, we would be way ahead of the game right now, much better protected from the aggressive moves from the American government against us on tariffs.”

BC Green Party Leader Emily Lowan was not excited, however, about the Phase 2 announcement.
“LNG Canada is an entirely foreign-owned project,” she said in a statement.

“It is owned by Shell, one of the most profitable companies in history, several foreign state-owned oil companies, and U.S. private equity. LNG Canada’s owners also own the fracking operations in the Peace (region) that feed the project.

“The profits from LNG development flow directly to shareholders and governments abroad, while the costs stay here. ”

Lowan referred to the announcement as a “nation-draining” project.

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With a file from The Canadian Press.

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