Thursday, 23 May 2019

Lately things haven’t been looking so great for Pieridae Energy, promoter of the $10 billion proposed Goldboro liquefied natural gas plant in Guysborough County. Researcher Ken Summers explains how a Supreme Court decision affecting already struggling gas producers is pulling the company into financial trouble.

A German environmental organization has launched a petition asking Germany to withdraw from a loan guarantee process that would provide more than $4 billion US to the Goldboro LNG project in Guysborough County. The petition is getting a lot of signatures very quickly

Ken Summers takes a closer look at the viability of the Goldboro LNG plant, and he finds serious obstacles to full development that the company would rather its German government investors wouldn’t know about. Not stated, but implied, this also means that it isn’t too late to resist this mega project that will jeopardize Nova Scotia’s greenhouse gas reduction targets.

There are solid signs the proposed Goldboro Liquefied Natural Gas (LNG) plant in Guysborough County is getting ever closer to ramping up. This is bad news for people who worry about climate change as it raises doubts about Nova Scotia’s ability to meet its greenhouse gas (GHC) reduction targets.  Independent researcher Ken Summers did a deep dive, and this is what he discovered.