logo
‘Canada will win' race to bring LNG to Asian markets, B.C. Premier David Eby says

‘Canada will win' race to bring LNG to Asian markets, B.C. Premier David Eby says

KITAMAAT VILLAGE - British Columbia Premier David Eby says Canadian values will help the country 'win this race' to deliver liquefied natural gas to Asian markets, even as U.S. President Donald Trump sets his sights on developing the industry in Alaska.
Eby told a news conference on Tuesday that Canada is a reliable partner, which can deliver the fuel to Asia in a direct, affordable way, while Trump has been 'insulting and demeaning' towards other countries and insists his only concern is America.
The premier's remarks came as his government announced a $200-million agreement with the Haisla Nation to support infrastructure for the Cedar LNG project, a floating liquefied natural gas terminal that will be located near Kitimat on B.C.'s northern coast.
He says the funding will help the nation build infrastructure, including a new electricity transmission line and distribution lines to power the facility.
Eby hailed Cedar LNG as the world's first Indigenous majority-owned liquefied natural gas facility, saying it represents a 'model' for resource development that will help diversify the Canadian economy and reduce reliance on the United States.
The premier says Trump has meanwhile shown he will make 'arbitrary and extrajudicial decisions on a whim,' announcing them through his own social media platform, Truth Social, and cannot be relied on as a trading partner.
'If you are a government in Asia looking for reliable energy sources that you can count on and a partner that you can count on, that isn't suddenly going to cut off your access to energy, that isn't suddenly going to massively increase the tariffs on the energy or taxes on the energy that you're purchasing, then nobody, nobody would be looking at the United States right now,' the premier says.
He noted the first large-scale shipment of fuel from the LNG Canada facility, another export terminal in Kitimat, departed for Asia earlier this summer.
Eby's comments come a few weeks after Alaska Senator Dan Sullivan and Governor Mike Dunleavy issued a statement applauding Trump's support for the natural gas industry in the state during a meeting with Japanese Prime Minister Shigeru Ishiba.
The U.S. lawmakers' statement quotes Trump as saying 'Japan will soon begin importing historic new shipments of clean American liquefied natural gas in record numbers' and discussing a 'joint venture' between the two countries.
Sullivan says in the statement that Alaskans are ready to work with Trump and Japan to 'realize a dream (they) have been pursuing for almost half a century.'
'With (Trump's) leadership, we will get the Alaska LNG Project built, which will create thousands of good-paying jobs, reinvigorate our American steel industry, significantly reduce our trade deficit in Asia, and deliver clean-burning Alaska gas for Americans, our military, and our allies in the Asia-Pacific, like Japan,' the statement says.
The Haisla Nation has partnered with Calgary-based Pembina Pipeline Corp. for the Cedar LNG project, which is scheduled to come online in late 2028.
A statement from Eby's office and the Energy Ministry says the provincial funding complements $200 million in federal funding announced earlier this year.
The BC Green Party issued a statement later Tuesday saying the government's decision to provide funding to another liquefied natural gas project is 'irresponsible' and prolongs the province's dependence on fossil fuels.
'Fossil fuel expansion contradicts achieving the province's legislated emissions reduction targets — which we have already failed to meet,' says the statement from interim Green Leader Jeremy Valeriote.
'The government's continued inaction when it comes to the climate, and their disingenuous greenwashing of LNG as 'clean' energy is a distraction from their climate action failures,' it says.
Valeriote says the province should instead invest in economic pathways towards long-term sustainability, public health and community well-being.
This report by The Canadian Press was first published July 29, 2025.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Those who invested in Castings (LON:CGS) five years ago are up 9.0%
Those who invested in Castings (LON:CGS) five years ago are up 9.0%

Yahoo

time7 minutes ago

  • Yahoo

Those who invested in Castings (LON:CGS) five years ago are up 9.0%

Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. So we wouldn't blame long term Castings P.L.C. (LON:CGS) shareholders for doubting their decision to hold, with the stock down 23% over a half decade. On top of that, the share price is down 5.9% in the last week. However, this move may have been influenced by the broader market, which fell 2.6% in that time. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the five years over which the share price declined, Castings' earnings per share (EPS) dropped by 16% each year. The share price decline of 5% per year isn't as bad as the EPS decline. So investors might expect EPS to bounce back -- or they may have previously foreseen the EPS decline. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Castings, it has a TSR of 9.0% for the last 5 years. That exceeds its share price return that we previously mentioned. This is largely a result of its dividend payments! A Different Perspective Investors in Castings had a tough year, with a total loss of 16% (including dividends), against a market gain of about 22%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 1.7%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Castings is showing 2 warning signs in our investment analysis , and 1 of those is potentially serious... We will like Castings better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

Trump, Murdoch agree to pause WSJ case deposition until after dismissal ruling
Trump, Murdoch agree to pause WSJ case deposition until after dismissal ruling

Axios

time8 minutes ago

  • Axios

Trump, Murdoch agree to pause WSJ case deposition until after dismissal ruling

President Trump and Rupert Murdoch reached a deal Monday to postpone the media mogul's deposition in a libel lawsuit related to the Wall Street Journal publishing a report on an Epstein birthday book, per court filings. Why it matters: Trump's lawyers had raised concerns about Murdoch's age and health when they asked a federal court in Florida last week to expedite the 94-year-old's deposition, but the deal postpones this until after the outlet's upcoming motion to dismiss the case. Now, neither Murdoch nor the 79-year-old Trump are likely to be deposed for months, per Politico's Josh Gerstein, who first reported on Monday's filing in Miami. Zoom in: "Until Defendants' Motion to Dismiss the Complaint is adjudicated, the Parties agree not to engage in discovery," according to the filing. If the WSJ's motion to dismiss Trump's lawsuit is denied, Murdoch would appear in person for a deposition within 30 days of such a ruling. Murdoch must provide a sworn declaration about his current health condition within three days of a court order approving the agreement and the Australian-born mogul has agreed to provide regular updates on his health, per the filing. Driving the news: Trump is suing Murdoch, the WSJ, its owner Dow Jones, its parent company News Corp. and others over the Journal report last month about a " bawdy" birthday letter" that the outlet said bore the president's name.

Trump pressures China and India to stop buying cheap Russian oil
Trump pressures China and India to stop buying cheap Russian oil

San Francisco Chronicle​

time38 minutes ago

  • San Francisco Chronicle​

Trump pressures China and India to stop buying cheap Russian oil

U.S. President Donald Trump is pushing China and India to stop buying oil from Russia and helping fund the Kremlin's war against Ukraine. Trump is raising the issue as he seeks to press Russian President Vladimir Putin to agree to a ceasefire. But cheap Russian oil benefits refiners in those countries as well as meeting their needs for energy, and they're not showing any inclination to halt the practice. Three countries are big buyers of Russian oil China, India and Turkey are the biggest recipients of oil that used to go to the European Union. The EU's decision to boycott most Russian seaborne oil from January 2023 led to a massive shift in crude flows from Europe to Asia. Since then China has been the No. 1 overall purchaser of Russian energy since the EU boycott, with some $219.5 billion worth of Russian oil, gas and coal, followed by India with $133.4 billion and Turkey with $90.3 billion. Before the invasion, India imported relatively little Russian oil. Hungary imports some Russian oil through a pipeline. Hungary is an EU member, but President Viktor Orban has been critical of sanctions against Russia. The lure of cheaper oil One big reason: It's cheap. Since Russian oil trades at a lower price than international benchmark Brent, refineries can fatten their profit margins when they turn crude into usable products such as diesel fuel. Russia's oil earnings are substantial despite sanctions The Kyiv School of Economics says Russia took in $12.6 billion from oil sales in June. Russia continues to earn substantial sums even as the Group of Seven leading industrialized nations has tried to limit Russia's take by imposing an oil price cap. The cap is to be enforced by requiring shipping and insurance companies to refuse to handle oil shipments above the cap. Russia has to a great extent been able to evade the cap by shipping oil on a 'shadow fleet' of old vessels using insurers and trading companies located in countries that are not enforcing sanctions. Russian oil exporters are predicted to take in $153 billion this year, according to the Kyiv institute. Fossil fuels are the single largest source of budget revenue. The imports support Russia's ruble currency and help Russia to buy goods from other countries, including weapons and parts for them.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store