The Company of Heaven has said that all old technologies that harm Gaia will not prosper but disappear. Here’s Matthew Ward of the subject from 2017:
“Expanding renewable energy forms will phase out their fossil fuel industries. Free-energy sources they have kept under wraps will emerge. And protection of the environment will end wanton destructiveness.” (1)
Is this one fossil-fuel megaproject that has succumbed?
Prince Rupert is in northern British Columbia, Canada.
Petronas cancels $11.4-billion LNG project near Prince Rupert
Nick Eaglan, Vancouver Sun, July 25, 2017
Amid a global glut and depressed prices for natural gas, one of B.C.’s most promising LNG [liquid natural gas] -export megaprojects has died.
Pacific NorthWest LNG, an $11.4-billion project once slated for construction on Lelu Island south of Prince Rupert, “will not proceed as previously planned,” Malaysian state-controlled oil and gas giant Petronas announced Tuesday morning.
Petronas said in a statement that the decision was made following a thorough review of the project as market conditions fluctuate.
“Today is a very difficult day for Pacific NorthWest LNG and Petronas,” said Pacific NorthWest LNG chairman Anuar Taib.
“We are disappointed that the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision.”
Taib said the formation of a new B.C. NDP government — which previously opposed putting the plant on Lelu Island, located near important juvenile salmon-rearing habitat of significance to First Nations — wasn’t a factor in the decision.
He said Petronas looked forward to working with Premier John Horgan and would continue to look at other options to develop natural gas assets in Canada.
“We continue to believe that LNG can thrive in British Columbia with the right project at the right time,” Taib said.
Port Edward Mayor Dave MacDonald said Tuesday he was very disappointed about the announcement, but added his community, the closest to the project, would try to position itself for other smaller development projects.
“The decision was well beyond our control. Port Edward did everything we could,” said MacDonald, whose council had supported the project.
https://vancouversun.com/news/local-news/petronas-cancels-11-4-billion-lng-project-near-prince-rupert