this post was submitted on 16 Sep 2025
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[–] sbv@sh.itjust.works 11 points 6 months ago* (last edited 6 months ago)

LNG Canada has no Canadian ownership. The project sits in Haisla Nation territory, with the Nation participating through related business partnerships, but the profits flow overwhelmingly to the five foreign corporations that own it: Shell, PETRONAS, PetroChina, Mitsubishi and KOGAS.

...

The inclusion of the Port of Montreal expansion at Contrecoeur raises serious environmental, governance and sovereignty concerns. ... It is also being developed in partnership with DP World, a company controlled by the authoritarian regime of Dubai. That means one of the largest industrial projects on the St. Lawrence in decades will be designed and operated by a foreign state-owned enterprise.

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The Darlington small nuclear reactor project has a projected cost of more than $20 billion, making it one of the most expensive energy projects in Canadian history. Prior to being added to the Major Projects Office list the project was already approved and had received a $975-million low-interest loan from the Canada Infrastructure Bank, the single largest public subsidy for an SMR in Canada. Although Ontario Power Generation (OPG) is the proponent, major contracts have gone to multinational corporations with substantial foreign ownership, including U.S.-based GE Hitachi and Kiewit.

“This project diverts resources from faster, cheaper clean energy options,” said May. “SMR technology remains theoretical. There are no small modular reactors producing electricity anywhere in the world.”

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The Green Party argues that true nation-building projects are those that strengthen Canadian sovereignty and cut emissions, not those that expand fossil fuel exports. Recent national polling backs this view:

  • Two thirds of Canadians say they would choose clean-energy projects over oil and gas development according to a June 2025 Abacus Data survey commissioned by Clean Energy Canada.
  • The same Abacus survey found 85% of Canadians want federal climate action maintained or increased.