Germany must withdraw a US$4-billion loan guarantee that would enable Calgary-based Pieridae Energy Ltd. to build a 10-million-tonne-per year liquefied natural gas (LNG) terminal at Goldboro, Nova Scotia, a coalition of Canadian and German environmental groups argues in an open letter released last week.
“A publicly covered guarantee of the Federal Government for the promotion and import of fracked gas from North America to Europe must not be granted,” states the letter, addressed to German Environment Minister Svenja Schulze and Minister of Economics Peter Altmaier. It describes the loan guarantee as “rather a gross financial mistake against the German and international climate goals.” #nspoli