The business case for LNG just keeps getting weaker...
www.nationalobserver.com/2026/06/03/o...
New modelling supports what many have been saying about the Canada-Alberta deal. It is bad emissions math. This may lock Canada into a industrial C pricing system that is far too weak to make up for concessions around a new pipeline, carbon capture, etc.
440megatonnes.ca/insight/cana...
This is a devastating loss. Dr Raúl Pacheco-Vega, a UBC alumnus and former UBC faculty member, was a warm and engaging human being who put great effort into supporting students and other early career researchers develop their scholarship. Such an authentic person. He will be greatly missed.
Why I'm worried:
i) lack of details in the Alberta deal about the benchmark tightening rate (given ample research and advice),
ii) deal's language around "cost sharing" on contracts for difference; could turn a good idea into subsidizing high-emitting companies that can afford emissions cuts