Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Pipeline · Canada · 2021

Ruby River seeks $588m-$1bn from Canada over rejected Québec LNG plant

Short record: the main facts, with sources. A full case file has not been prepared.

Nature's voice · report
No measurement of the harm done to me here is on record.
Did nature suffer? Not measured.
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 1 none on record · 1 insufficient · 1 not measured See the gaps

Ruby River Capital, a Delaware-registered company, is pursuing an investor-state claim against Canada after Québec and Ottawa rejected the GNL Québec liquefied natural gas plant and its pipeline in Saguenay. The Canadian government page gives the claim as $588.14 million, while other sources give $1.004 billion.

What?
Ruby River Capital filed an investor-state claim against Canada after Québec and the federal government rejected the GNL Québec LNG plant and its pipeline. Global Affairs Canada
Where?
Saguenay, Québec, Canada Global Affairs Canada
When?
Rejections in 2021 and 2022; claim filed 17 February 2023; post-hearing submissions March 2026 Global Affairs Canada
Who?
Gained
  • Ruby River Capital — seeks compensation of $588.14 million or $1.004 billion; no award found Global Affairs Canada
Lost
None on record
Harmed
None on record
Why?
Not stated in the sources reviewed.
How?
Investor-state arbitration against Canada over the rejected plant. Global Affairs Canada
6 of 6 questions answered from the record

What happened

The record, in order.

Québec and the federal government of Canada rejected the GNL Québec liquefied natural gas plant in Saguenay and its pipeline in 2021 and 2022, according to Global Affairs Canada.

Ruby River Capital filed its claim against Canada on 17 February 2023.

The government page gives the claim as $588.14 million, while other sources give $1.004 billion.

The parties filed post-hearing submissions in March 2026, and no decision was found in the sources reviewed.

    In court and with insurers

    Every proceeding and every insurer decision on record.

    Lawsuits and rulings

    1. 2023-02-17–Ongoing
      Ruby River Capital v. Canada
      Investor-state arbitration (forum not named in the sources reviewed) · investor-state arbitration · Ruby River Capital → Canada

      The claim over the rejected GNL Québec plant was still pending; post-hearing submissions were filed in March 2026. Global Affairs Canada

    Insurers

    No insurer decision on record.

    What we don't know

    Undisclosed, unproven, untried: recorded as data.

    Nature

    • Not measured Harm to nature: The record holds no measurement of harm to nature.

    Record

    • Insufficient Reported but not verified: Ruby River Capital is owned by Freestone International and Breyer Capital.
    • None on record The forum and the treaty basis of the claim are not stated in the sources reviewed.

    Did the harm stop?

    Not stated in the sources reviewed.

    Who paid?

    Not stated in the sources reviewed.

    Sources

    Voices on record: — Company or project— Government and regulators— Courts✓ Press and investigations— Communities and civil society— Researchers

    Press and investigations

    1. Ruby River Capital v. Canada
      Global Affairs Canada ·

    Connected cases

    Related matters, and cases linked to this one through the same organisations, with the role each played in both.

    Bonds and banking

    Delaware, Guernsey, Cayman Islands
    Jurisdictions widely used to register companies, funds and accounts for legal, confidentiality and tax reasons.
    Guarantee
    A commitment by a third party, often a development bank, to pay if the borrower does not.

    Law and courts

    Arbitration
    A private dispute process in which an appointed arbitrator, instead of a court, decides the case.