Lacking customers and suppliers, Cape Breton natural gas project faces uncertain future | CBC News
“I think many people felt that Bear Head, perhaps, was a wildly optimistic project,” said Larry Hughes, who teaches energy systems analysis at Dalhousie University and is a founding fellow of the MacEachen Institute for Public Policy and Governance.
He believes a natural gas pipeline from Russia to Germany will likely be completed soon, despite American sanctions that were recently placed on that project. He suggests this could make Europeans less interested in importing gas from Canada.
As well, Hughes said European countries are pushing to meet their greenhouse gas emissions reductions targets under the Paris Agreement. That will lead those countries to want to move away from fossil fuels altogether.