{"id":49101,"date":"2021-06-30T09:53:00","date_gmt":"2021-06-30T13:53:00","guid":{"rendered":"https:\/\/www.greenpeace.org\/canada\/?p=49101"},"modified":"2025-07-02T04:09:00","modified_gmt":"2025-07-02T08:09:00","slug":"goldboro-lng-fails-to-secure-investor-by-june-30th-deadline-federal-government-ignores-request-for-nearly-1-billion-in-loans-or-grants","status":"publish","type":"post","link":"https:\/\/www.greenpeace.org\/canada\/en\/press-release\/49101\/goldboro-lng-fails-to-secure-investor-by-june-30th-deadline-federal-government-ignores-request-for-nearly-1-billion-in-loans-or-grants\/","title":{"rendered":"Goldboro LNG fails to secure investor by June 30th deadline, federal government ignores request for nearly $1 billion in loans or grants"},"content":{"rendered":"\n

Kjipuktuk \/ Halifax, NS \u00a0\u2014<\/strong>\u00a0After failing to attract a single major investor for its proposed Goldboro Liquefied Natural Gas project on the Eastern Shore of Nova Scotia (Mi\u2019kma\u2019ki), Pieridae Energy has quietly missed its June 30th deadline for a Final Investment Decision.\u00a0<\/p>\n\n

Opponents of the fossil fuel infrastructure project are celebrating the lack of investment, particularly the company\u2019s failure to receive the nearly $1 billion in public funds that it had requested from the federal government. <\/p>\n\n

The project has been flying under the radar since 2013 without attracting any investment. However, activists were alarmed to learn that Pieridae has been heavily lobbying the federal government in recent months to become its initial investor. <\/p>\n\n

Opposition to the project has existed since it was first proposed \u2014 not just in Nova Scotia, but also Alberta (where the gas will be extracted), Quebec (where major pipeline expansion is required for transporting the gas to Nova Scotia), Germany (the proposed destination), and Finland (home to the parent corporation contracted to buy the LNG). <\/p>\n\n

The news about Pieridae\u2019s demands for government funds moved activists to grow the public\u2019s awareness about its climate-wrecking plans, building even more resistance in the process \u2014 including, most recently, among Mi\u2019kmaq Grandmothers, warriors, and Chiefs, who have raised concerns<\/a> about the \u201cman camp\u201d proposed for the project site.<\/p>\n\n

Statements:<\/strong><\/p>\n\n

\u201cI\u2019m glad the federal government did not act on Pieridae\u2019s request for nearly a billion dollars, and I hope it never does. It is critical that our governments stop supporting and subsidizing fossil fuel energy projects like Goldboro LNG. Instead, governments must invest immediately in renewables and energy efficiency, and in creating a more fair economy based on that shift in our energy system.\u201d \u2014 Robin Tress, Council of Canadians<\/strong><\/p>\n\n

\u201cWe hope this project stays as unloved as it is now. Goldboro LNG is a climate change train wreck waiting to happen. It would turn backwards Nova Scotia\u2019s progress in greenhouse gas reduction. And the increased demand it would create for climate-busting hydraulic fracturing would double the problem.\u201d \u2014 Ken Summers, Nova Scotia Fracking Resource and Action Coalition (NOFRAC)<\/strong><\/p>\n\n

\u201cThe dominoes are falling faster and faster. Soon, no investors \u2014 private or public \u2014 will touch new fossil fuel projects with a ten foot pole, so it\u2019s just a matter of time before the plug is pulled on all new fossil fuel infrastructure. Governments should vocally lead the way.\u201d \u2014 Marie-Christine Fiset, Greenpeace<\/strong> Canada<\/strong><\/p>\n\n

\u201cThe Goldboro LNG terminal would not only very likely export climate-hostile and environmentally destructive fracked gas over the Atlantic to Europe, the project itself comes along with high financial risks for any investor. Now is the time to bury this zombie project, which has been kept alive with promises such as access to an Untied Loan Guarantee of up to $4.5 billion USD from the German government.\u201d \u2014 Andy Gheorghiu, German climate campaigner<\/strong><\/p>\n\n

\u201cToday\u2019s decision throws some water on Pieridae Energy\u2019s smoldering plans to build an LNG facility that would see a huge increase in Nova Scotia\u2019s GHG emissions and a work camp that raises serious concerns for the safety of Mi\u2019kmaw women, girls, and two-spirit people. We need the federal and provincial governments to show more leadership on climate action. Impacted communities should not have to be the ones pointing out the obvious perils that large fossil fuel projects pose in a climate crisis \u2014 nor should they have to remind the federal government of its commitment to implement the recommendations set out in the Final Report of the National Inquiry into Missing and Murdered Indigenous Women and Girls<\/em>.\u201d \u2014 Gretchen Fitzgerald, Sierra Club Canada Foundation<\/strong><\/p>\n\n

\u201cWe hope this means that governments and investors are finally realizing that in order to address the climate crisis that is so obviously upon us, we really cannot begin any new fossil fuel projects.\u201d \u2014 Jim Emberger, New Brunswick Anti-Shale Gas Alliance (NBASGA)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

After failing to attract a single major investor for its proposed Goldboro Liquefied Natural Gas project on the Eastern Shore of Nova Scotia (Mi\u2019kma\u2019ki), Pieridae Energy has quietly missed its June 30th deadline for a Final Investment Decision. <\/p>\n","protected":false},"author":30,"featured_media":48333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"p4_og_title":"","p4_og_description":"","p4_og_image":"","p4_og_image_id":"","p4_seo_canonical_url":"","p4_campaign_name":"not set","p4_local_project":"not set","p4_basket_name":"not set","p4_department":"","footnotes":""},"categories":[4],"tags":[23,32],"p4-page-type":[14],"class_list":["post-49101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate","tag-climate","tag-oil","p4-page-type-press-release"],"_links":{"self":[{"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/posts\/49101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/comments?post=49101"}],"version-history":[{"count":5,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/posts\/49101\/revisions"}],"predecessor-version":[{"id":70983,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/posts\/49101\/revisions\/70983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/media\/48333"}],"wp:attachment":[{"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/media?parent=49101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/categories?post=49101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/tags?post=49101"},{"taxonomy":"p4-page-type","embeddable":true,"href":"https:\/\/www.greenpeace.org\/canada\/en\/wp-json\/wp\/v2\/p4-page-type?post=49101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}