November 13, 2026 Squamish, British Columbia Natural Resources Canada
Canada has the abundant energy resources it takes to master our destiny. Amid significant trade and economic uncertainty around the world, Canada is building a stronger, more independent economy by accelerating major projects, attracting capital, creating jobs and diversifying trade - laying the foundations for an investment supercycle.
Building on the objectives of Budget 2026, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced a $200-million investment in Woodfibre LNG.
The Woodfibre LNG project is being advanced in collaboration with the Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) and is the first major industrial project in Canadian history to be approved through a non-treaty, Indigenous-led environmental assessment process. Powered by British Columbia's clean hydroelectricity, Woodfibre LNG is expected to be the world's first net-zero LNG facility when operations begin in late 2027. According to Woodfibre LNG, the project will have an emissions intensity that is roughly nine times lower than the global average for LNG export facilities, equivalent to avoiding the emissions of roughly 140,000 cars every year, compared with a typical LNG facility.
By exporting low-carbon Canadian LNG to our allies in Asia and beyond, the project will support our goal of doubling non-U.S. trade and create significant economic opportunities in the Squamish region, including 1,500 people working on site every day during construction and 100 full-time positions during operations.
The Woodfibre LNG facility is now under construction and was originally designed to produce 2.1 million tonnes of LNG per year. This investment will enable Woodfibre LNG to maximize reliability, efficiency and production, and increase the project's LNG capacity to a target of between 2.5 and 2.6 million tonnes per year, which represents a 19 to 24 percent increase that could power hundreds of thousands of homes. This investment will also enable exploration of a potential second phase of the project.
Supplying Canadian energy to the world strengthens global energy security, generates economic prosperity at home and reduces emissions globally. Simultaneously, it supports good jobs at home, diversifies Canadian trade, enhances energy security for our allies and advances Indigenous economic participation and reconciliation. This win-win result exemplifies the Government of Canada's approach to being an energy superpower: building big, building right, building together.
