TC Energy’s President and Chief Executive Officer François Poirier says revised agreements with LNG Canada have been signed, solidifying the “timely execution of our largest LNG-linked project.”

The 670 km project, which will transport natural gas from northern BC to LNG Canada’s export site in Kitimat, BC, is roughly 70% complete.

RCMP arrested two people after fresh violence erupted at a Coastal GasLink pipeline site.
30 people block RCMP vehicle at northwest B.C. pipeline site as protests continue https://t.co/Cexb8bu0Mc

— Canadian Riley (@TiaRileyCanada) July 29, 2022

TC Energy says capital costs increased due to impacts of COVID-19, weather, and other events outside the company’s control, reiterating the project remains “economically viable.”  “We currently estimate our portion of the equity contributions to Coastal GasLink LP over the project life to be approximately $2.1 billion, including the $1.9-billion equity contribution,” the company said.

In a Thursday statement, LNG’s CEO Jason Klein said he’s “happy” with the resolution with Coastal GasLink.

The pipeline project conjured up a whirlwind of controversy, met by vicious opposition from some and staunch support from others, including sporadic protests popping off at construction areas near Houston, BC for nearly five years.

Statement from Wet’suewet’en Hereditary Chiefs re: violent attack against CGL workers. The Wet’suewet’en and other Indigenous land defenders I have covered work from a place of non-violence. What happened is against Wet’suewet’en protocol pic.twitter.com/lH4CI2aQKB

— Brandi Morin (@Songstress28) February 23, 2022

On February 17, Coastal GasLink security workers on the Morice River Forest Service Road were rolled up on by a masked group of people armed with weapons, including axes, who began setting fires and destroying property.

At this point, neither the police nor CGL have said whether they believe the alleged attack is tied to opposition to the pipeline.

RCMP have not responded to requests for more details.https://t.co/WUuTbEqOiC

— andrew kurjata (@akurjata) February 18, 2022

“There are things that we’re trying to do in the very short term, as we look at this coming winter and the challenges that Germans are going to be facing with Russia choosing to weaponize the source of gas and oil for them,” Trudeau said Thursday.

More than 4 years ago Trump accused Germany of becoming ‘totally dependent’ on Russian energy at the U.N. The Germans just smirked. pic.twitter.com/agu014GVn8

— Canadian Riley (@TiaRileyCanada) July 22, 2022

Europe has been facing an energy supply crisis as Russian President Vladimir Putin has been using countries’ reliance on Russia for oil and gas as what officials are viewing as a form of retaliation over sanctions imposed in support of Ukraine. This has resulted in considerable reductions to the flow of natural gas, leaving countries clamouring to shore up reserve supply.

Scholz has expressed interest in Canada becoming an energy alternative, and is planning to visit Canada in August “to secure key partnerships on energy security, critical minerals and clean technology,” according to a statement from the Prime Minister’s Office issued following the two leaders’ meeting at the G7 Summit in Germany in June.

Trudeau’s comments were made in response to a question from a reporter in Nova Scotia about the potential for LNG projects in that province to advance, given the current situation in Europe.

“I will say that we are looking at a number of different proposals around that,” Trudeau said, declining to speak to any specific potential LNG export facilities in that province or others, of which there aren’t currently any in Canada.

The NDP-Liberals don't care if you are paying more at the pump, grocery store, or for housing. They’re more than happy to use inflation to collect more taxes. pic.twitter.com/Zl4PFATcvU

— Candice Bergen Harris (@CandiceBergen_) June 20, 2022

Candice Bergen: We are suffering with record high inflation:

“We are suffering with record high inflation, and it’s clear these liberals have no plan to deal with it responsibly, except more of the same mismanagement that got us here in the first place out of control spending.”

Nailed It! pic.twitter.com/oBKTzMN4ml

— Canadian Riley (@TiaRileyCanada) August 22, 2022