Sierra Club Canada Foundation ad creative
Sierra Club Canada Foundation
Sierra Club Canada Foundation

Inactive· since May 29, 2026

19
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0
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Ad copy

The Germany 'deal' is not a secured contract but only a non-binding "HoA" for a SMALL amount of LNG: Three things to know: A) Even if it was fulfilled Germany has only agreed to buy a SMALL fraction of the LNG that Ksi Lisims LNG would need to export to be viable. B) This HoA for a very small amount actually casts doubt on the project's viability and speaks to a desperation to make the project look attractive. It’s hype to try and attract private sector interest that has not appeared yet (for good reason). C) The Federal Government is trying to find ways to waste taxpayer money on this U.S.-owned project with ties to the U.S. Administration, because the private sector case is so poor. As Anil Hira writes in The Globe and Mail: "[Ksi Lisims LNG] has not yet attracted the many billions in private investment needed. This deep shortfall, along with numerous other hurdles along the way, raises the likelihood the federal government becomes the investor of last resort, putting Canadians on the hook... Already, almost $4-billion in federal and provincial government funding has been committed to LNG development. LNG Canada, also in B.C., received a $40-billion capital investment, including the $14.5-billion Coastal GasLink pipeline that cost more than twice the original estimate and took seven years to get from final investment decision to operations. The same financial uncertainties hold true for Ksi Lisims. The project is estimated to cost $26-billion, nearly three times the initial estimate. Proponents anticipated making a final investment decision in early 2026, after missing the 2025 target. But the turmoil in the Middle East is not expected to translate into enough interest from LNG buyers." As Richard Brooks writes on Bluesky: "Canada Infrastructure Bank has [also] been repurposed to fund risky LNG project Ksi Lisims, risking the bank's positive reputation. The wholly-owned US project is seeking taxpayer funds to move towards a final investment decision and construction." Ecojustice's recent media release notes that Ksi Lisims "raises fundamental questions around why Ottawa is considering subsidizing projects that appear unable to pull in adequate private capital." Read more about the links of the project to the U.S. and the economic unviability of new LNG expansion here: https://www.sierraclub.ca/lng-national-interest-canada/ Why the Iran war UNDERMINES the business case for new oil, and gas/LNG projects in Canada: https://www.sierraclub.ca/iran-oil-gas-profits-prices/ Exporting more oil and gas would actually make the cost of living in Canada worse, as illustrated by Australia’s example of increasing gas exports leading to increasing costs for everyday consumers. Instead of handing over public dollars to massive oil and gas corporations, Canada should instead tax windfall oil and gas corporate profits and reinvest the revenue in renewable alternatives or redistribute it to consumers, according to recent research by the Centre for Future Work: https://centreforfuturework.ca/2026/05/17/a-sequel-we-dont-want-what-the-2026-oil-price-shock-will-cost-canadians/ An existing LNG operation like this is already costing Canadians their health: “Residents of Kitimat, B.C., say LNG Canada’s operations are leaving them exhausted and worried for their health” as The Narwhal reported, there are already increased reports of respiratory problems linked to flaring as a “plume of black smoke rises from LNG Canada.” More resources: How batteries let renewables get around needing baseload power: https://www.sierraclub.ca/renewable-energy-does-not-need-baseload-power-more-facts-on-wind-solar-batteries-grids/ Canada Wind Power Facts: https://www.sierraclub.ca/canada-wind-power-facts/ Canada Electric Vehicles Facts (no, they will not overwhelm the grid and can actually help grids): https://www.sierraclub.ca/canada-electric-vehicles-facts/ Canada can go renewable instead: https://www.sierraclub.ca/canada-can-go-100-renewable/ A comprehensive list of climate denial myths and why they are myths: https://skepticalscience.com/argument.php

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Sierra Club Canada Foundation Ad — Ran 19 Days | Crush Ad Library