Latest News and HighlightsREPORT: CANADIAN LNG INDUSTRY CAN CONTRIBUTE TO A POST-PANDEMIC NATIONAL ECONOMIC RECOVERY

2020/07/28

Pieridae’s Goldboro LNG is a Critical Project for Canada’s Economic Future

A new report released by the Conference Board of Canada discusses the exciting economic impacts of a strong Canadian liquid natural gas industry across the country.

The report concludes annual spending in the LNG sector would increase national GDP by more than $11 billion per year, substantially increase national employment, and become a major contributor to reducing GHG emissions in Canada and globally.

Our multi-billion-dollar Goldboro LNG Project will contribute to this growth in Canadian prosperity from the country’s East Coast. Projected to be one of Nova Scotia’s largest-ever “mega-projects”, Goldboro will create 5,000-6,000 jobs during peak construction, and around 200 full-time jobs for operation and maintenance after construction. Over 30 years, the project will create spending across most of Canada through engineering, manufacturing, general labour, banking, software development, environmental monitoring, and more – that’s hundreds of millions of dollars for the Maritimes, Quebec, Ontario and Alberta.

Along with the economic potential, we are proud to have signed a joint Benefits Agreement with the Assembly of Nova Scotia Mi’kmaq Chiefs. Built on a philosophy of respectful engagement, the agreement sets the framework for how the Mi’kmaq will benefit economically from the development, construction, and operation of the Goldboro LNG facility.

Alberta Associate Minister of Natural Gas and Electricity, Dale Nally, praised the report saying, “This report reinforces the tremendous economic and environmental benefits of developing a strong Canadian liquefied natural gas industry…Our historical strengths as a natural gas powerhouse have set a solid foundation. Now, together as Team Canada, we must work to build an innovative and sustainable LNG industry that will create ripple effects of success well into our future.”

You can check out the full report here: https://www.conferenceboard.ca/e-library/abstract.aspx?did=10763