{"id":8829,"date":"2023-03-29T00:00:00","date_gmt":"2023-03-28T16:00:00","guid":{"rendered":"https:\/\/rgei-2.hellopomelo.space\/uncategorized\/woodfibre-lng-accelerates-canadas-pathway-to-net-zero\/"},"modified":"2024-06-05T11:15:10","modified_gmt":"2024-06-05T03:15:10","slug":"woodfibre-lng-accelerates-canadas-pathway-to-net-zero","status":"publish","type":"post","link":"https:\/\/rgei-2.hellopomelo.space\/id\/corporate\/woodfibre-lng-accelerates-canadas-pathway-to-net-zero\/","title":{"rendered":"Woodfibre LNG Accelerates Canada\u2019s Pathway to Net Zero"},"content":{"rendered":"

Woodfibre LNG<\/a> is proud to announce its Roadmap to Net Zero,<\/a> a tangible plan to achieve net zero emissions by the time operations start in 2027, 23 years ahead of government regulation. This roadmap will see Woodfibre LNG be the first LNG export facility in the world to achieve net zero, and includes commitments to be net zero both through the construction stage of the Project and during operations. Woodfibre LNG is member of the Pacific Energy<\/a> group of companies.<\/p>\n

This fast-tracked timeline exceeds the federal requirement to be net zero by 2050, while providing benefits to local First Nations, British Columbians, and Canadians. The Project\u2019s net zero roadmap follows the B.C. Government\u2019s announcement of a new Energy Action Framework,<\/em> requiring proposed LNG facilities in or entering the environmental assessment process to develop and submit a credible plan to be net zero by 2030.<\/p>\n

\"\"<\/a>

Rendering of the Woodfibre LNG facility planned for Squamish<\/p><\/div>\n

\u201cWoodfibre LNG\u2019s roadmap prioritizes emissions avoidance and reduction opportunities, and we are proud to have a credible strategy in place that will make us the world\u2019s first net zero facility,\u201d said Christine Kennedy, President of Woodfibre LNG. \u201cAlongside the leadership and vision set out by the Province\u2019s new Energy Action Framework, achieving net zero allows Woodfibre LNG to advance the global energy transition, furthering economic reconciliation and contributing to British Columbia\u2019s standard of living.\u201d<\/p>\n

Woodfibre LNG is able to achieve net zero in part because of early stage decisions aligned with the Indigenous led environmental assessment process conducted by the Squamish Nation, which resulted in the Nation\u2019s own environmental assessment agreement related to the Project in 2015. Among these was the commitment for electric compressors using renewable hydroelectricity from BC Hydro, resulting in 14 times fewer emissions than a conventional LNG facility.<\/p>\n

\"\"<\/a>

Woodfibre LNG employee conducting environmental assessment<\/p><\/div>\n

Woodfibre LNG was already designed to be the lowest carbon intensive LNG export facility in the world, with an annual emissions profile of 83,374 tonnes of CO2e annually, and a carbon intensity of 0.04 (tonne of carbon dioxide equivalent [CO2e] per tonne of LNG), below the Provincial benchmark of 0.16.<\/p>\n

The company\u2019s net zero roadmap commits to implementing certain GHG reducing technologies, and outlines incremental opportunities to reduce emissions further as technologies develop and become more affordable.<\/p>\n

As part of its net zero roadmap, Woodfibre LNG will also offset emissions during the construction phase of the Project. Woodfibre LNG has secured carbon credits from Cheakamus Community Forest, which is a nature-based carbon offset project in Whistler, where the Squamish Nation, Lil\u2019Wat Nation and Resort Municipality of Whistler are partners. In addition, Woodfibre LNG has procured carbon credits from BigCoast Forest Climate Initiative for hard-to-abate emissions during operations. BigCoast Forest Climate Initiative is a nature-based, forest preservation project located in coastal British Columbia that has partnerships with over 25 First Nations.<\/p>\n

Woodfibre LNG\u2019s robust strategy has been independently validated by a Canadian climate engineering firm, Brightspot Climate Inc.<\/p>\n

Woodfibre LNG\u2019s net zero roadmap is consistent with Canada\u2019s Methane Strategy and draft guidance for best-in-class GHG emissions performance by oil and gas projects. The roadmap is a living document that will be updated on an annual basis to integrate efficiency improvements, new technologies, and evolving industry practices to reflect the evolving net zero industrial and regulatory landscape.<\/p>\n

\u201cWoodfibre LNG\u2019s announcement comes at a time when global trading partners, such as Japan, are calling on the Government of Canada to provide a reliable, sustainable source of LNG to support global energy demands. The Woodfibre LNG Project has a critical role to play in demonstrating that British Columbia and its diversified portfolio of energy offerings can contribute to a low carbon future, both at home and abroad\u201d, said Ratnesh Bedi, President of Pacific Energy.<\/p>\n

Review Woodfibre LNG\u2019s Roadmap to Net Zero at www.woodfibrelng.ca\/emissions<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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