Australia’s Fortescue has suspended its plans for a $2 billion green hydrogen plant in Prince George, B.C., citing a lack of clean and affordable energy. The decision, communicated in a letter to B.C.’s environmental regulator, puts the Coyote Hydrogen Project in limbo, jeopardizing Canada’s hydrogen export hopes.
The plant would have produced hydrogen for local use and ammonia for export to Japan, South Korea, and the U.S. Fortescue’s suspension of the project comes as Canada struggles to meet demands for clean energy from Asian markets. The setback raises questions about future large-scale green energy projects in the region.
Want to know more? Check out the source code on The Logic.