Nisga'a Nation members allege 'heightened financial risk' of B.C. LNG projects [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
citizens before partnering with Western LNG on the development of the Prince Rupert Gas Transmission Project. Cecil Mercer and Stephen Nyce say in their lawsuit that the pipeline project is interconnected with the Ksi Lisims floating natural-gas facility and marine export terminal near Prince Rupert, B.C., which has been dubbed a nation-building project by the federal Liberal government. The lawsuit says the projects "rely on the export of LNG," at a time of declining demand in target markets, and it argues infrastructure built to facilitate LNG exports could become obsolete as countries transition to low-carbon energy. The lawsuit says the pipeline's cost was first estimated to be $5 billion in 2014, but has since ballooned to between $10 billion and $12 billion. Mercer and Nyce's lawsuit, which contains allegations not tested in court, says the ownership structure of the pipeline creates financial risk for the Nisga'a Nation, and they claim the Nisga'a Lisims Government was
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- 2/13/26 - Form 40-F
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