“For Immediate Release”
INTERNATIONAL COALITION ADVISES GERMAN GOVERNMENT TO NOT INVEST IN CANADIAN LNG EXPORT SCHEME
Calgary, September 29, 2020 : Yesterday more than 100 environmental, indigenous and social justice groups from Canada, Germany, United States, Spain, Portugal, France, UK, and Ireland (“the Coalition”) sent the German Government (“Germany”) a letter and briefing report outlining the many risks associated with Germany providing Calgary based Pieridae Energy with a $US 4.5 billion loan guarantee to underwrite the construction of its Goldboro, Nova Scotia, LNG plant and for upstream development of natural gas supplies. Pieridae needs the German loan guarantee to advance the project.