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The Nisga’a Nation — whose lands are located on the northwest coast of B.C. near the city of Terrace — and its partner,
Financial details of the transaction were not disclosed, but
“Today is a historic day for the Nisga’a Nation and represents a sea change in major industrial development in this country,” said
“In taking an equal ownership role in this pipeline, we are signalling a new era for Indigenous participation in the Canadian economy."
The
It is the same proposed pipeline that was meant to supply the
The Nisga'a Nation and Western LNG have since proposed their own project, the Ksi Lisims LNG project, which they say would be a floating production facility capable of producing 12 million tonnes per year of liquefied natural gas off of B.C.'s northwest coast.
The partners have not yet made a final investment decision on whether to go ahead with the terminal, which is in the early stages of consultations and hasn't received regulatory approval yet.
But the purchase of the
“We want to acknowledge TC Energy’s efforts developing the project to this point,” said
"(The project) is fully engineered, permitted and ready to construct ... We will move this critical project forward with renewed momentum and a fresh perspective."
But the massive
Two other facilities, Cedar LNG and Woodfibre LNG, have also been proposed.
Proponents of a Canadian LNG industry say liquefied natural gas from
But environmentalists argue that LNG creates its own emissions through the liquefaction and transportation process, as well as through the drilling and flaring of natural gas in
Last month, the Gitanyow Hereditary Chiefs of B.C. challenged Ksi Lisims LNG to prove its greenhouse gas reduction promises and urged the
The Nisga’a Nation and Western LNG said they intend to enter into an agreement soon with a construction manager to build the pipeline. The companies said they anticipate being able to contract with many of the same companies that have worked on other recent pipeline projects in B.C., including the now-complete Coastal GasLink and the almost-complete
This report by The Canadian Press was first published
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