Canadian natural gas producers are hyping AI data centres as the next growth opportunity for their polluting product on investor calls.
DeSmog dove into transcripts from recent investor calls and found that gas companies are promoting a massive build-out of controversial server farms as their next growth sector even as the energy transition accelerates, opposition to data centres increases, and climate change undermines already-low gas prices.
TC Energy, which operates natural gas pipelines across North America and owns gas-fired power plants told investors in their Q4 report, “We continue to see growing demand across multiple segments, driving potential expansion projects to support new natural gas-fired power generation, coal to natural gas conversions, LDC [Local Distribution Company] growth and data centres.”
The energy company plans to complete the $900 million Northwoods pipeline project to the U.S. Midwest by 2029, which will supply 400 million cubic feet of natural gas per day to power data centres in Wisconsin, Michigan, Illinois, and Ohio.
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