An Australian-based minerals company is withdrawing from a project in Prince George, B.C., that would have been a key part of the province’s plan to scale up production of hydrogen and reach net-zero emissions.
Fortescue announced its decision in a letter dated Sept. 26, posted by the B.C. Environmental Assessment Office this month, saying the Coyote Hydrogen Project was no longer “commercially viable.”
“We have decided to put on hold our Project Coyote in Prince George until we are able to secure more favourable power pricing and availability,” Fortescue North America president and CEO Andrew Vessey wrote in the letter.
The hydrogen facility was set to be one of the largest in Canada, and would have put B.C. on track to massively scale up production of the low-emissions fuel. An industry analyst says the project’s pause underscores significant gaps in the province’s plan to become a world leader in production …