Woodfibre LNG strives to achieve business objectives through a quintuple bottom line approach, where results are mutually beneficial to the Community, Country, Climate, Customer and Company.
Low-emission Canadian natural gas is in high demand in growing countries where coal is a primary fuel source. Switching from coal to natural gas reduces greenhouse gas emissions by half, and eliminates 99% of toxic particulate matter. In order to get Canadian natural gas to overseas markets, it must be cooled to -162 degrees, which converts it into a liquid for shipping. LNG is stored and shipped at near-atmospheric pressure. In fact, there is more pressure in your household garden hose than in an LNG tank.
Woodfibre LNG will create over 100 stable, family-supporting operations jobs based in Squamish and will contribute over $80 million per year in taxes to government.
By using renewable hydro-electricity for power, Woodfibre will be the lowest-emission LNG export facility in the world.