Canada provided up to $200 million to pipeline company Coastal Gaslink, recently updated financial data reveals — an apparent violation of a commitment to phase out fossil fuel subsidies.
According to Export Development Canada (EDC), a Crown corporation that provides loans and grants to help businesses reach the market, Coastal Gaslink was given between $100 million and $200 million worth of project financing to help it export gas. The publicly-disclosed financing is thin on details, but was signed on June 27.
Coastal GasLink, owned by Calgary-based TC Energy, snakes through several Indigenous territories, including the Wet’suwet’en Nation. Wet’suwet’en hereditary leadership, who maintains jurisdiction over the land in question, opposes the pipeline. Hereditary Chief Namoks (also known as John Ridsdale), told Canada’s National Observer he was disappointed to see hundreds of millions of dollars provided to a company violating his nation’s rights.
Any government funding “that goes against human rights, Indigenous rights and [the United Nations Declaration on the Rights of Indigenous Peoples] simply should not be allowed,” he said.
“So it clearly shows the oil and gas industry is steering the government.”