Export Development Canada confirms it will provide $400 to $500 million in financing to the proposed Cedar LNG export facility.
Canada’s export credit agency has approved financing a major liquefied natural gas terminal in British Columbia — a plan four environmental groups recently warned breaches the federal government’s 2021 commitment to end funding of all new domestic fossil fuel projects.
For weeks, Export Development Canada (EDC) had listed its latest “Category A” project disclosure as a proposed loan for the Cedar LNG facility near Kitimat, B.C. The class of project applies to those considered to have “potential significant adverse environmental or social effects that are sensitive, diverse, or unprecedented.”
“On June 25, 2024, Export Development Canada (EDC) signed financing for this project, as part of a wider lending group,” confirmed…
