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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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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.
Canada's Pieridae Energy Ltd has hired Japanese lender MUFG Bank to help raise $10 billion for its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia, it told Reuters on Thursday.