Energy
Will Coastal GasLink Do for Natural Gas What TMX Did For Oil?
From Resource Works
New pipelines already proving their worth
It may have taken a decade, but Canada’s Asia Pacific Gateway now has two new pipelines providing egress for Canadian oil and natural gas to Asia. They are already adding billions to the Canadian economy. TMX alone has added $13 billion to the Alberta economy just in its first year of operation, according to one economist.
One year after Alberta crude started sailing to Asia via an expanded Trans Mountain pipeline and export terminal in Burnaby, Canadian natural gas is also now making its way to Asia, via the Coastal GasLink pipeline and LNG Canada export terminal in Kitimat. On June 30, the first LNG carrier loaded with liquefied Canadian natural gas left Kitimat. To date, half a dozen LNG carriers have loaded up in Kitimat. LNG Canada expects to load one LNG carrier every two days.
In the past, lumber and metallurgical coal have been B.C.’s two most valuable export commodities. By 2026, I wager natural gas will surpass both commodities to become B.C.’s most valuable export. It’s a little too early to tell just what kind of uplift LNG exports will give to B.C. and Alberta’s oil and gas sector, but if TMX is any indicator, it should be substantial. The economics math here is pretty simple. In 2024, half of the natural gas produced in Canada was sold to the U.S. at a price of $2.50 per gigajoule ($2.63 per MMBtu), according to the Canadian Energy Regulator.
The Japan-Korea Marker for LNG prices in Asia, by contrast, is about $15 per MMBtu. So Canadian natural gas sold in Asia is currently worth about six times more than pipeline exports to the U.S. Like Alberta crude oil, Canadian natural gas producers have been selling natural gas at a steep discount to the U.S. For oil, the differential has narrowed, thanks to the Trans Mountain pipeline expansion, according to Charles St-Arnaud, senior economist for Alberta Central. St-Arnaud estimates the price differential between Alberta and American oil has narrowed by about US$8 per barrel, since TMX was commissioned. He estimates this narrower spread has increased revenues by US$9 billion ($13 billion Canadian). “This means that the reduction in the oil discount has boosted oil revenues by about 10 per cent,” St-Arnaud concludes. St-Arnaud estimates this will boost revenues to the Alberta government by $5.3 billion.
The $40 billion question now is whether the Coastal GasLink pipeline and LNG Canada export terminal will provide the same economic uplift for B.C. that TMX has for Alberta. The B.C. government is banking on it. Budget 2025 projects natural gas royalties will double — from $576 million in 2024-25 to $920 million in 2025-26, and $1.2 billion in 2026-27. Heather Exner-Pirot, director of energy, natural resources and environment for the Macdonald-Laurier Institute, notes that even the Globe and Mail‘s editorial board has recently raised flags over B.C.’s massive $208 billion debt and worsening debt-to-GDP ratio. The taxes and royalties from LNG exports will provide important new revenues for B.C. “Your best hope for digging out some of that hole is natural gas exports,” she said.
There is currently such an over-supply of natural gas in Western Canada right now that it may take a while before we start seeing the kind of lift to B.C. gas that TMX gave to Alberta oil. Jackie Forrest, executive director of ARC Energy Research Institute, recently noted that, in 2024, Canadian natural gas sold for “about one-half of the U.S. price — effectively giving it away.” She estimates that, even if Canadian natural gas prices rise just $1 per gigajoule, as a result of new access to tidewater, “producers would gain an additional $7 billion per year.” “And this doesn’t even factor in the additional growth in gas and liquids production that new export terminals can unlock.”
In a recent ARC Energy Research Institute podcast with Mark Fitzgerald, CEO of Petronas Canada — LNG Canada’s second largest shareholder — estimated LNG Canada exports will be worth $2 billion a year to the B.C. economy. “Over the life of the project or the planning cycle that we use, that’s almost ($90 billion) in cumulative government revenue just to the government of British Columbia,” Fitzgerald said. He added: “That development, LNG Canada 1, with the upstream will create more than 100,000 jobs potentially annually across British Columbia.”
That’s just phase 1. The current output of LNG Canada — 14 million tonnes per annum (MTPA) — would double, if the LNG Canada partners sanction a phase 2 expansion. The construction of the Coastal GasLink pipeline facilitated two LNG export projects — LNG Canada and Cedar LNG. But we need another natural gas pipeline to fully exploit our abundant natural gas resources and get full value for them. The next large project in the queue is Ksi Lisims LNG and the associated Prince Rupert Gas Transmission (PRGT) pipeline. This project would add another 12 MPTA of export capacity, not to mention tens of thousands of jobs.
In 2020, the Conference Board of Canada projected Canadian LNG exports could increase Canada’s GDP by $11 billion per year, generate $2 billion a year in additional taxes and royalties, and create 100,000 additional jobs. Had we listened to the critics, who said there would be no market in Asia for Canadian oil and natural gas, and had we not built TMX and CGL, we would still be hostage to a single customer, the U.S., for our oil and gas. We would have foregone tens of billions of dollars in investments, revenue and jobs.
We will certainly hear the same arguments against PRGT and Ksi Lisims that we heard against CGL And LNG Canada. Let’s ignore them this time around, shall we?
Energy
The Trickster Politics of the Tanker Ban are Hiding a Much Bigger Reckoning for B.C.
From Energy Now
By Stewart Muir
For years, a conservation NGO supported by major foreign foundations has taken on the guise of Indigenous governance authority on British Columbia’s north coast. Meanwhile, rights-holding First Nations with an economic agenda are reshaping the region, yet their equal weight is overlooked. A clash of values has resulted.
For more than a decade, British Columbians have been told — mostly by well-meaning journalists and various pressure groups — that an organization called Coastal First Nations speaks with authority for the entire coast. The name sounds official. It sounds governmental. It sounds like a coalition of Indigenous governments with jurisdiction over marine waters.
It isn’t any of those things.
Coastal First Nations (CFN) is a non-governmental organization, incorporated under the BC Societies Act as The Great Bear Initiative Society. It doesn’t hold Indigenous rights or title. It has no legislated role to provide benefits or services to First Nations members. It has no jurisdiction over shipping, marine safety, forestry, fisheries, energy development, or environmental regulation. Yet its statements are frequently treated as if they carry the weight of sovereign authority.
It’s time to say out loud what many leaders — municipal, Indigenous, and industry — already know: CFN is an advocacy group, not a government. Case in point, a recent news story with the following lede: “B.C.’s Coastal First Nations say they will use ‘every tool in their toolbox’ to keep oil tankers out of the northern coastal waters.” A spokesperson claimed to represent “the Rights and Title Holders of the Central and North Coast and Haida Gwaii,” yet notwithstanding the rights of any individual First Nation, CFN does not hold any formal authority.
Here’s why this matters. The truth is, Alberta has already struck its grand bargain with the rest of Canada. Now it’s time to confront the uncomfortable truth that the country is still one bargain short of a functioning national deal.
In 2026, with Canadians increasingly alert to who is shaping national conversations, there is a reasonable expectation that debates affecting our economic future should be led and conducted by Canadians — not by foreign foundations, not by out-of-country campaign strategists, and not by NGOs built to advance someone else’s policy objectives.
Where the confusion came from
CFN’s rise in public visibility traces back to the “Great Bear Rainforest” era, when U.S. philanthropic foundations poured large sums of money into environmental campaigns in British Columbia. A Senate of Canada committee document notes that the Gordon & Betty Moore Foundation alone provided approximately $25 million directly to Coastal First Nations, delivered as twenty-five nearly $1 million installments.
CFN also played a central role in the Great Bear Rainforest negotiations, which were financed by a coalition of foreign philanthropies including the Packard Foundation, Hewlett Foundation, Wilburforce Foundation, Rockefeller Brothers Fund, Nature Conservancy/Nature United, and Tides Canada Foundation. These foundations collectively contributed tens of millions of dollars to the “conservation financing” model that anchored CFN’s operating environment.
This history isn’t speculative. It’s well documented in foundation reports, Canadian Parliamentary evidence, and the publicly disclosed financial architecture behind the Great Bear Rainforest. For a generation, well-funded U.S. environmental campaigns have worked to make Canadians afraid of their own shadow by seeding doubt, stoking paralysis, and teaching a resource nation to second-guess the very wealth that built it.
Between 2010 and 2018, an independent forensic accounting review by Deloitte Forensic (backed by the Alberta government) found that foreign foundations provided roughly $788.1 million in grants for Canadian environmental initiatives. The largest single category — by a wide margin — was marine-based initiatives, totalling $297.2 million. In Deloitte’s categorization, “marine-based” overwhelmingly refers to coastal campaigns: Great Bear Rainforest–related advocacy, anti-tanker/shipping activism, marine-use regulation campaigns, marine ecological programs, and other coastal political work.
Land-based initiatives were the second-largest category ($191 million), followed by wildlife preservation ($173 million).
The forensic review also showed that of the $427.2 million that physically entered Canada, 82% — approximately $350.3 million — was spent in British Columbia, with the dominant share directed specifically toward coastal and marine initiatives.
Taken together, these findings confirm that foreign-funded environmental activity in Canada has been geographically concentrated in British Columbia and thematically concentrated on the coast – exactly the domain where CFN has been positioned as a public-facing authority.
The real authority lies with the nations themselves
If British Columbians want to understand who truly governs the coast, they should look to the Indigenous governments that hold rights, title, citizens, and accountability — not NGOs that comment from the sidelines. That means not overlooking:
- Haisla Nation, leaders of Cedar LNG
- Nisga’a Nation, co-developers of Ksi Lisims LNG
- Gitxaala Nation, asserting legal and territorial authority
- Kitselas and Kitsumkalum, both shaping regional development
These governments are also coastal First Nations. They negotiate major economic partnerships, steward lands and waters, and make decisions grounded in their own legal orders. Moreover, representation is the key measure of accountability in a democracy: First Nations governing councils are elected by their members. The CFN is not elected. The nations are accountable to their own people — not to U.S. philanthropies or to the strategic objectives of foreign-backed environmental campaigns.
The Haisla Nation once belonged to CFN, but quit in protest in 2012 when the body opposed LNG. The Haisla council went on to fully embrace economic development via liquefied natural gas and own the upcoming Cedar LNG project.
Meanwhile, the central and northern coastal regions where CFN has opposed numerous economic opportunities continue to suffer the worst child poverty in British Columbia.
In the delicate politics of the region’s First Nations alliances, relationships are constantly in motion and governed by inviolable traditions of mutual respect. From these threads, it has to be said that the CFN’s strategy of weaving the appearance of unanimity is truly a fabrication. In point of fact, CFN represents just one half of the story. My data source tells the story, by drawing together the latest available economic and demographic information for 216 British Columbia First Nations:
- Status Indian residents of CFN communities on the north coast number 5,484, with a total membership near and far of 20,447.
- The pro-development group noted earlier numbers 5,505 living local out of a total membership of 16,830.
In other words, virtually equal. Hence it’s obvious that any media report citing CFN as the singular authority for local First Nations interests is a misleading one. CFN speaks for only a slice of the North Coast, not the whole, and the numbers make that impossible to ignore.
When a CFN motion opposing responsible resource development was adopted by the Assembly of First Nations (see Dec. 2 news), it was further evidence that the deck is stacked against First Nations that are accountable and position themselves as having broad responsibilities, including but not limited to raising the standard of living of their members.
The future belongs to the nations
The politics of LNG on the North Coast can’t be grasped without staring directly at the tanker ban — not as scripture, but as the political curiosity it has become. Anyone who knows these waters understands it’s mostly theatre: it doesn’t question letting Alaska oil tanker ships transit our exclusive economic zone when we cannot, and it doesn’t touch the real risks coastal people actually worry about. Yet waving it away is naïve. The ban behaves like a trickster spirit in our public life — capricious, emotionally loaded, and capable of turning a routine policy debate into a cultural conflagration with barely a flick of its tail.
This is why Coastal First Nations retain such gravitational pull. For years, the ban has served as the moral architecture of their Great Bear Sea campaign. CFN represents a long-game strategy — build legitimacy, occupy the moral high ground, and shape the destiny of a nation by holding the symbolic centre. Their concerns seem genuine and rooted in lived stewardship – yet were shaped by Madison Avenue minds hired by American philanthropists to affect our politics. But a near equal number of coastal nation residents unified by a different outlook also have skin in the game. They are charting futures grounded in prosperity, environmental care, and sovereignty on their own terms, and their authority is the real thing — born of title, law, and accountability to their own people.
And here is the irony worth heeding: the tanker ban’s pageantry masks a solution. It is dragging into daylight a conversation the province has avoided for decades — a conversation that will soon prove inevitable as court rulings unsettle the very foundation of property rights in British Columbia. This is the hinge that the moment turns on.
Canada cannot resolve its growing national contradictions without moving its energy to global markets. Alberta has already made its grand bargain with the country. Now British Columbia must craft its own — harnessing the prosperity of energy development to discharge political debts and finally settle the title question that has defined the province’s modern era.
Stewart Muir
Economy
What the Data Shows About the New Canada-Alberta Pipeline Opportunity
From Energy Now
By Canada Powered by Women
Canada has entered a new period of energy cooperation, marking one of the biggest shifts in federal–provincial alignment on energy priorities in years.
Last week as Prime Minister Mark Carney and Alberta Premier Danielle Smith signed a memorandum of understanding (MOU) that outlines how both governments will approach a potential pipeline to British Columbia’s coast.
The agreement, which has been described as a “new starting point” after years of tension, lays the groundwork for a privately financed pipeline while also linking this commitment to a broader set of infrastructure priorities across oil and gas, LNG, renewables, critical minerals and electricity transmission.
It also sets out how a privately financed project, moving roughly 300,000 to 400,000 barrels of oil to global markets each day, will be reviewed.
Now that the announcement is behind us, attention has turned to how (or if) a pipeline is going to get built.
Alberta has set out its ambitions, British Columbia has its conditions, and the federal government has its own expectations. Together, these positions are shaping what some are calling a “grand bargain” which will be made up of trade-offs.
Trade-offs are not a new concept for the engaged women that Canada Powered by Women (CPW) represents, as they’ve been showing up in our research for several years now. And anyone who reads us also knows we like to look at what the data says.
According to new polling from the Angus Reid Institute, a clear majority of Canadians support a pipeline, with national backing above 60 per cent. And there’s strong support for the pipeline among those in B.C. This aligns with other emerging data points that show Canadians are looking for practical solutions that strengthen affordability and long-term reliability.
By the numbers:
• 60 per cent of Canadians support the pipeline concept, while 25 per cent oppose it.
• 53 per cent of people support in British Columbia, compared to 37 percent opposed.
• 74 per cent of people in Alberta and Saskatchewan support the pipeline.

Our research shows the same trends.
A large majority (85 per cent) of engaged women agree that building pipelines and refining capacity within the country should be prioritized. They favour policies that will progress stability, affordability and long-term economic opportunity.
A key feature of the MOU is the expectation of Indigenous ownership and benefit sharing, which Alberta and B.C. governments identify as essential, and which aligns with public opinion. As of right now, Indigenous groups remain split on support for a pipeline.
The agreement also signals that changes to the federal Oil Tanker Moratorium Act may need to be considered. The moratorium, in place since 2019, is designed to limit large tanker traffic on the North Coast of B.C. because of navigation risks in narrow channels and the need to protect sensitive coastal ecosystems.
Those in favour of the pipeline point to this as a critical barrier to moving Canadian oil to international markets.
Polling from the Angus Reid Institute shows that 47 per cent of Canadians believe the moratorium could be modified or repealed if stronger safety measures are in place. Again, we come back to trade-offs.
The MOU is a starting point and does not replace consultation, environmental review or provincial alignment. These steps are still required before any project can advance. Taken together, the agreement and the data show broad support for strengthening Canada’s energy options.
This will be an issue that engaged women are no doubt going to watch, and the conversation is likely to move from ideas to discussing what trade-offs can be made to bring this opportunity to life.
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