March 23, 2023, Woodfibre LNG announced its net zero roadmap, outlining the steps underway to become the first industrial facility in the world to achieve net zero.
The roadmap outlines that Woodfibre LNG will be a net zero facility by 2027 – 23 years ahead of government net zero regulation.
The roadmap also commits the company to be net zero during construction – a unique commitment for construction projects in Canada.
Net zero emissions means a project that either emits no Greenhouse Gas (GHG) emissions or offsets its emissions through actions such as tree planting or utilizing technologies that can capture carbon before it is released into the air.
Our Net Zero Strategy
Achieving Net Zero
Woodfibre LNG’s net zero roadmap aligns with government emission reduction targets, climate action plans, and frameworks, and focuses on addressing two key areas:
1
Emissions Reduction Plan
Implementing and exploring technology and design upgrades to increase efficiency and reduce GHG emissions over time.
2
Emissions Offset Strategy
Utilizing B.C. nature-based carbon credits with local First Nations partners as an interim strategy for hard-to-abate emissions.
Using E-Drive Compressors
Through the Squamish Nation Environmental Assessment Agreement process, commitments were made to fulfill requirements including the use of electric drive (“e-drive”) compressors and air cooling instead of seawater cooling.
83,374
tCO2e per year
Commitments to reduce tCO2e over time
Carbon intensity of the project is 0.04 tCO2e / tLNG – much lower than the provincial benchmark for carbon intensity of 0.16 (typical LNG projects such as in the US can be at 0.26)
The Woodfibre LNG net zero roadmap includes independent verification of the project’s GHG emissions profile.
Once operational, Woodfibre LNG’s exports to Asia will serve as a lower emission fuel to support the global energy transition to net zero by displacing coal-powered electricity generation.
Woodfibre LNG’s net zero roadmap will be updated annually to reflect the evolving net zero industrial and regulatory landscape, bold government targets and plans to reduce emissions, important public policy levers to incentivize net zero actions, and opportunities to implement incremental emissions reduction opportunities in partnership with government and others.
Woodfibre LNG looks forward to collaborating with the Sḵwx̱wú7mesh Úxwumixw (Squamish Nation), federal and provincial governments, and other partners to continue advancing its net zero roadmap.
