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Canada’s Pieridae Energy Ltd has hired Japanese lender MUFG Bank to help raise US$10 billion for its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia, it told Reuters on Thursday.
The decision to hire a new banker came after Societe Generale SA, its previous financial advisor, committed to phasing out of new shale financing on environmental grounds.
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Pieridae Energy hires Japan s MUFG Bank as SocGen exits over emissions worries Back to video
Societe Generale confirmed it had stopped providing support to both Goldboro and a separate project, Quebec LNG, to limit exposure to shale oil and gas production in North America by 2023. ....

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