Montreal, July 4, 2025 -Greenpeace Canada expresses his deep concern towards the new liquefied natural gas megaprojet (LNG) of the Marinevest Energy Canada company, which provides for the construction of a floating terminal of LNG in Baie-Comeau, fueled by a new pipeline several hundred kilometers. Greenpeace Canada reiterates its request to the Government of Quebec to close the door to any new project to transport and export fossil fuels, and it also urges the federal government not to include this new gas project in its list of national interest projects in law C-5.
“While lobbyists negotiate behind the scenes, Quebecers are left in ignorance of a project that could prove devastating both for their wallet as for the well-being of the planet. Who will want to pay the bill for a last -century project which is likely to never be profitable? In a world that turns to renewable energies, resuscitate fossil infrastructure projects is madness: these undead projects no longer have their place in our energy future and should never see the light of day, “said Louis Couillard, responsible for the climate-energy campaign at Greenpeace Canada.
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Additional context
The economic viability of such a project in Quebec is nonexistent: A new report (May 2025) of investors for the Paris Agreement indicates that relaunching a LNG project in Quebec would be expensive and probably not profitable, noting that LNG production should grow from 40% from 2024 to 2028, mainly thanks to projects in the United States and Qatar, but that demand should not be monitored. This planned overcapacity questions the economic viability of new LNG projects in eastern Canada.
A new Quebec report (June 2025) explains that gas infrastructure costs involving both a gas pipeline and a liquefaction factory, like GNL Quebec, would amount to $ 30.6 billion. Colossal investments that would most certainly ask for public funding to be able to see the light of day and hope to be profitable.
LNG as transitional energy? Liquefied natural gas as transitional energy is a myth, reading the Greenpeace Canada ticket earlier this month: myths and realities: is “natural” gas a form of clean energy?. Because of leaks throughout its life cycle (from its production to its consumption), fossil gas is just as harmful to climate as coal, or even more.
Who is Marinvest? Marinvest Energy As (Norway) is a Norwegian company founded in May 2020 and based in Bergen, specializing in the distribution of LNG. The company is mainly held by Tebina Energi AS (50.23%), an active company in LNG supply chains, carbon capture and hydrogen. Marinvest Energy Canada was recently recorded by Marc Desmarais and Patricia Lemoine, consultants at National Public Relations. The company has four recorded lobbyists: Jennifer O’Bomsawin, Patricia Lemoine Smith, Marc-André Leclerc and Marc Desmarais.
What does Marinvest want? According to the lobbyist register, the objective of Marinvest Energy Canada is to “determine the conditions for the establishment of an energy project beneficial for the future of Quebec and the province”, and the objective of Marinvest Energy AS (the Norwegian promoter behind the project) according to his website is to “develop sustainable systems of marine energy terminals” and to “take advantage of natural gas/ transition energy ”.
Who directs Marinvest Énergie Canada (Méc)? The new farm (COO) of Méc is Greg Cano, a former Transcanada (for 21 years) and Saudi Aramco (5 years old). More recently, Greg Cano was very involved in the construction of the coastal Gaslink pipeline on the west coast (the famous gas pipeline project disputed by the Wet’suwet’en, among others). As Director of Operating (COO) of PAPC (Pan American Pipe Constructors), Greg Cano was responsible for supervising the operational aspects of PAPC construction contracts as part of the Coastal Gaslink pipeline project.
For more information or for an interview request:
Patou oumarou
Manager for campaign communications | Greenpeace Canada
418 431 0263 | [email protected]
Louis Couillard
Climate-energy campaign manager | Greenpeace Canada
514 531-6740 | [email protected]
