In the fight against climate change, B.C. is not just leading by example at home, but also innovating to drive global greenhouse gas (GHG) reductions.
A key part of that strategy is becoming one of the world’s cleanest suppliers of liquefied natural gas (LNG). LNG is a significant economic opportunity that is already creating thousands of jobs in the province, having attracted $20 billion in investment to date.
Natural gas is the cleanest burning fossil fuel, representing an opportunity to shift global economies off GHG-intensive fuels like coal and oil to reduce global emissions. B.C.’s climate leadership and the implementation of new technology by the natural gas industry has already contributed to a 37% decrease in emission intensity per unit of production since 2000.
B.C. has also eliminated all routine flaring at oil and gas wells and production facilities. Our carbon tax, together with offset payments, has encouraged improved efficiency in the sector, including waste heat recovery, methane leak reduction and electrification of facilities.
Under B.C.’s Climate Leadership Plan, we are doing even more to ensure we are one of the cleanest producers of LNG in the world. These actions include:
- A strategy to reduce methane emissions by 45%.
- Developing a regulatory framework so that carbon capture and storage projects can proceed.
- Investing in infrastructure that will allow us to power natural gas development projects with B.C.’s clean electricity.
To learn more how B.C. is working to become a global supplier of clean LNG, read the Climate Leadership Plan.