Latest news with #environmentalRisks
E&E News
a day ago
- Business
- E&E News
Court ends case over Gulf of Mexico environmental analysis
An appeals court has closed the book on a case involving NOAA Fisheries' analysis of the environmental risks of offshore oil and gas development in the Gulf of Mexico. On Monday, the 4th U.S. Circuit Court of Appeals ruled that an appeal brought by the fossil fuel industry was moot now that NOAA Fisheries has released a new review of how offshore drilling in the region could harm species like the endangered Rice's whale. The court noted in its brief order that none of the parties in the case had objected to dismissing the appeal. Advertisement The American Petroleum Institute, EnerGeo Alliance and the National Ocean Industries Association had sought to overturn a lower bench ruling that tossed out a 2020 analysis — known as a biological opinion — for the Gulf, which President Donald Trump renamed the Gulf of America earlier this year.
CTV News
22-05-2025
- Business
- CTV News
New report casts doubt on revival of Quebec LNG project
Piping is seen on the top of a receiving platform of a natural gas pipeline terminus in Kitimat, B.C., on Wednesday, Sept. 28, 2022. THE CANADIAN PRESS/Darryl Dyck MONTREAL — A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec's Saguenay region would be costly and likely unprofitable. Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and 2024, and Canadian exports would have a hard time competing in Asian markets. Read the report: The missing business case for LNG exports via Canada's East Coast A report published this morning says gas production is expected to grow by 40 per cent from 2024 to 2028, driven by projects in the United States and Qatar, and demand is not expected to keep pace. A project to transport natural gas from Western Canada to an export terminal in Quebec was cancelled in 2021 due to environmental risks and public opposition, but Quebec Premier François Legault has recently opened the door to pipeline development in the province. However, the advocacy group says inflation could balloon the project's price tag to more than $33 billion, and public money would likely be required. The group says there are better ways to stimulate the Canadian economy, including integrating provincial electricity grids and mining critical minerals. This report by The Canadian Press was first published May 22, 2025.
