Launching a Loss

This report by the International Institute for Sustainable Development (IISD) analyzes public financial support for the liquefied natural gas (LNG) sector in British Columbia, arguing that government subsidies shift risks from private investors to the public while ignoring environmental costs and market volatility.

• Public financial support for LNG projects in British Columbia from both the provincial and federal governments is projected to reach CAD 3.93 billion by the end of 2030.
• The LNG Canada Phase 1 project is expected to receive at least CAD 1.36 billion in government support by 2030, including annual support of CAD 103.35 million from the British Columbia government.
• Federal government support for the LNG sector consists of CAD 1.62 billion in public finance and CAD 151.95 million in infrastructure funding, while the BC government is projected to provide approximately CAD 2.16 billion by 2031 through reduced electricity rates, enabling infrastructure, and foregone revenue.
• Government support is delivered through various mechanisms, including preferential electricity rates, carbon tax exemptions, favorable tax rules, public financing, infrastructure development, direct transfers, and a specific waiver on anti-dumping steel tariffs.
• The report warns that Canadian LNG may become unviable stranded assets due to a projected global supply glut that will drive down prices, combined with the high cost of Canadian LNG and the global transition away from fossil fuels.

APA

Rempel,, D. L. D. (2025). Launching a Loss. International Institute for Sustainable Development. https://www.iisd.org/publications/report/government-support-lng-british-columbia

Chicago

Rempel,, Danielle LaBrash,Nichole Dusyk,Zachary. Launching a Loss. International Institute for Sustainable Development, 2025. https://www.iisd.org/publications/report/government-support-lng-british-columbia.

Wikipedia

{{cite report |last1=Rempel, |first1=Danielle LaBrash,Nichole Dusyk,Zachary |title=Launching a Loss |publisher=International Institute for Sustainable Development |date=17 September 2025 |url=https://www.iisd.org/publications/report/government-support-lng-british-columbia |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rempel2025launching, author = {Rempel,, Danielle LaBrash,Nichole Dusyk,Zachary}, title = {{Launching a Loss}}, institution = {International Institute for Sustainable Development}, year = {2025}, month = sep, url = {https://www.iisd.org/publications/report/government-support-lng-british-columbia}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }