Warren Buffett’s Company Backs Out of Quebec Energy Project Due to Anti-Pipeline Blockades

Berkshire Hathaway has pulled out of a proposed large investment in the liquid natural gas pipeline near Quebec’s Saguenay port. Warren Buffetts’s investment company had been planning to invest $4 billion in the project.

The $9.5 billion LNG project is meant to be built about 230 kilometers northeast of Quebec City, according to CBC News. The marine terminal will be used to ship LNG overseas from the Saguenay port.

US Lawsuit Against CA Cap & Trade Pact with Quebec

WASHINGTON (Reuters) – The United States on Wednesday sued California for entering a climate agreement with Canada’s Quebec province, saying the state had no right to conduct foreign policy, in the latest feud between the Trump administration and the state.

FILE PHOTO: California’s Governor Gavin Newsom is seen at the California Democratic Convention in San Francisco, California, U.S. June 1, 2019. REUTERS/Stephen Lam/File Photo

President Donald Trump’s administration argued in the lawsuit that California’s 2013 agreement to link its emission-trading program – the centerpiece of its climate change policy – to Quebec’s violates the constitution, which prohibits states from making treaties or pacts with foreign powers.

Continue reading