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.
Clean 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.
Once operational Woodfibre LNG will create over 100 full-time, well-paid 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 cleanest LNG export facility in the world.