Pembina Close to Making Final Decision on LNG Project ...Middle East

Pembina is about to make the final investment decision on a $4-billion LNG project in British Columbia, Bloomberg has reported, citing unnamed sources close to the company. The Cedar LNG project will use funding from at least 15 banks, according to the report. That’s despite a push from climate activists for banks to stop funding energy projects that involve hydrocarbons. If it materializes, the Cedar LNG facility, with a capacity of 3 million tons annually, will be the second Canadian LNG export project after LNG Canada which is led…

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