Texas-based Western LNG is begging for a billion-dollar bailout from Canadian taxpayers. Tell the Canada Infrastructure Bank: we need that money for projects that will benefit Canadians.
The Ksi Lisims gas terminal has been in development since 2018. It’s struggling to sign up customers, it can’t get bank loans, and its Wall Street investors don’t want to kick in more cash. So the project’s American owners are hoping for a lifeline from the Canada Infrastructure Bank.
This Crown corporation was created to fund housing, public transit and clean energy projects. Now it’s under pressure from politicians to prop up an American fossil fuel company. The CIB’s Board of Directors will vote soon on a huge loan for Ksi Lisims LNG. Will board members really go along with this?
The project wouldn’t even be built in Canada. It would be assembled on a floating platform in South Korea, using Chinese and Korean steel. And despite its Indigenous name, Ksi Lisims would be 100 per cent owned and operated by Western LNG in Texas.
We should invest our public money in Canadian-owned projects that create local jobs and real benefits in our communities. Not line the pockets of Wall Street billionaires in Donald Trump’s inner circle. Send a message to Canada Infrastructure Bank board members today.
Tell board members at the Canada Infrastructure Bank to keep our money in Canada!