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West coast undertaking would be the first LNG export facility on the earth to attain internet zero emissions
SQUAMISH, CANADA – Media OutReach – 28 March 2023 – Woodfibre LNG is proud to announce its Roadmap to Web Zero, a tangible plan to attain internet zero emissions by the point operations begin in 2027, 23 years forward of presidency regulation. This roadmap will see Woodfibre LNG be the primary LNG export facility on the earth to attain internet zero, and contains commitments to be internet zero each via the development stage of the Undertaking and through operations. Woodfibre LNG is member of the Pacific Vitality group of firms.
This fast-tracked timeline exceeds the federal requirement to be internet zero by 2050, whereas offering advantages to native First Nations, British Columbians, and Canadians. The Undertaking’s internet zero roadmap follows the B.C. Authorities’s announcement of a brand new Vitality Motion Framework, requiring proposed LNG services in or getting into the environmental evaluation course of to develop and submit a reputable plan to be internet zero by 2030.
“Woodfibre LNG’s roadmap prioritizes emissions avoidance and discount alternatives, and we’re proud to have a reputable technique in place that may make us the world’s first internet zero facility,” mentioned Christine Kennedy, President of Woodfibre LNG. “Alongside the management and imaginative and prescient set out by the Province’s new Vitality Motion Framework, attaining internet zero permits Woodfibre LNG to advance the worldwide power transition, furthering financial reconciliation and contributing to British Columbia’s lifestyle.”
Woodfibre LNG is ready to obtain internet zero partly due to early stage choices aligned with the Indigenous led environmental evaluation course of carried out by the Squamish Nation, which resulted within the Nation’s personal environmental evaluation settlement associated to the Undertaking in 2015. Amongst these was the dedication for electrical compressors utilizing renewable hydroelectricity from BC Hydro, leading to 14 instances fewer emissions than a traditional LNG facility.
Woodfibre LNG was already designed to be the bottom carbon intensive LNG export facility on the earth, with an annual emissions profile of 83,374 tonnes of CO2e yearly, and a carbon depth of 0.04 (tonne of carbon dioxide equal [CO2e] per tonne of LNG), beneath the Provincial benchmark of 0.16.
The corporate’s internet zero roadmap commits to implementing sure GHG decreasing applied sciences, and descriptions incremental alternatives to scale back emissions additional as applied sciences develop and develop into extra reasonably priced.
As a part of its internet zero roadmap, Woodfibre LNG may even offset emissions throughout the building part of the Undertaking. Woodfibre LNG has secured carbon credit from Cheakamus Group Forest, which is a nature-based carbon offset undertaking in Whistler, the place the Squamish Nation, Lil’Wat Nation and Resort Municipality of Whistler are companions. As well as, Woodfibre LNG has procured carbon credit from BigCoast Forest Local weather Initiative for hard-to-abate emissions throughout operations. BigCoast Forest Local weather Initiative is a nature-based, forest preservation undertaking positioned in coastal British Columbia that has partnerships with over 25 First Nations.
Woodfibre LNG’s strong technique has been independently validated by a Canadian local weather engineering agency, Brightspot Local weather Inc.
Woodfibre LNG’s internet zero roadmap is per Canada’s Methane Technique and draft steering for best-in-class GHG emissions efficiency by oil and gasoline initiatives. The roadmap is a dwelling doc that will likely be up to date on an annual foundation to combine effectivity enhancements, new applied sciences, and evolving business practices to replicate the evolving internet zero industrial and regulatory panorama.
“Woodfibre LNG’s announcement comes at a time when international buying and selling companions, similar to Japan, are calling on the Authorities of Canada to supply a dependable, sustainable supply of LNG to assist international power calls for. The Woodfibre LNG Undertaking has a essential position to play in demonstrating that British Columbia and its diversified portfolio of power choices can contribute to a low carbon future, each at dwelling and overseas”, mentioned Ratnesh Bedi, President of Pacific Vitality.
Assessment Woodfibre LNG’s Roadmap to Web Zero at www.woodfibrelng.ca/emissions.
Hashtag: #WoodfibreLNG
The issuer is solely liable for the content material of this announcement.
About Woodfibre LNG
The Woodfibre LNG Undertaking is owned and operated by Woodfibre LNG Restricted Partnership, a privately held Canadian firm primarily based in Vancouver, British Columbia held 70 per cent by Pacific Vitality Canada and 30 per cent by Enbridge. Woodfibre LNG Restricted is the proprietor of the previous Woodfibre pulp mill web site, which is positioned about seven kilometers southwest of Squamish, B.C.
Woodfibre LNG will supply its pure gasoline from 
Pacific Canbriam Vitality, a Canadian firm with operations in Northeastern British Columbia. Pacific Canbriam is an business chief in sustainable pure gasoline manufacturing. Woodfibre LNG and Pacific Canbriam Vitality are subsidiaries of Pacific Vitality Company Restricted. Woodfibre LNG is the primary industrial undertaking in Canada to acknowledge a non-treaty Indigenous authorities, Sḵwx̱wú7mesh Úxwumixw (Squamish Nation), as a full environmental regulator.
About Pacific Vitality
Pacific Vitality, which is a part of the Singapore-based RGE group of firms, is an impartial power assets growth firm targeted on serving to North America and rising Asian economies meet their growing power necessities. The corporate technique is to take a position, develop, construct, personal and function progressive and cost-competitive initiatives all through the power worth chain, whereas sustaining fixed consideration to our position as a accountable company citizen.
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