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https://energymixweekender.substack.com/p/reckless-spiteful-pipeline-project>
"The Coastal GasLink pipeline in northeastern British Columbia is quickly
sealing its reputation as a rogue construction project, with one provincial
politician citing a “reckless, spiteful, and dangerous attitude” that makes it
a poster child for trampling communities and ecosystems.
How will CGL and its parent company, Calgary-based TC Energy, justify the
senseless devastation on unceded Wet’suwet’en territory, even to their own
investors, if it turns out there’s no future export market for the fracked gas
the pipeline is meant to carry?
It will likely be years before the fossil executives who touted the project and
the banks that financed it see its business case evaporate before their eyes.
And it may not happen—the world will need some natural gas as countries
decarbonize, though not nearly as much as the industry hopes.
But CGL is one of a handful of B.C. pipeline builders still pushing through
their projects, come hell or high water, essentially betting that efforts to
drive down carbon pollution will fail—and that smart, practical, stunningly
affordable renewable energy and energy efficiency alternatives will somehow
fail.
If CGL ends up an empty husk with no gas to carry—what the financial community
calls a stranded asset—it will be cold comfort for members of the Wet’suwet’en
community who’ve been fighting the project for years, facing down an extensive
and dangerously militarized police presence funded lavishly at taxpayers’
expense. But with all the pushback and controversy the project is generating
today, how much worse will it all be in hindsight if it turns out that the
trauma, suffering, and long-term damage were all for naught?"
Via Muse.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
