|   |                                                                    |                                                                                     |  UNITED STATES                                        |   |                                       |   |
|--------|-------------------------------------------------------------------------|------------------------------------------------------------------------------------------|------------------------------------------------------------|--------|--------------------------------------------|--------|
|   |                                                                    |  SECURITIES AND EXCHANGE COMMISSION                                                 |                                                       |   |
|   |                                                                    |                                                                                     |  Washington, D. C. 20549                              |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  Form 10-Q                                            |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    | [X] QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |                                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     | For the quarterly period ended June 30, 2015               |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  or                                                   |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |                                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  For the transitionperiod from _____ to _____         |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  Commission File Number: 000-12895                    |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |  Pacific Blue Energy Corp.                                                          |                                                       |   |
|   |                                                                    |                                                                                     | (Exact name of registrant as specified in its charter)     |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |   Nevada                                                      |                                                                                     |                                                       |   | 80-0647957                                 |   |
|   |  (State or other jurisdiction of incorporation)                    |                                                                                     |                                                       |   |  (IRS Employer Identification Number) |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   | 937 Old Senecca Road                                                    |                                                                                     |                                                       |   |                                       |   |
|   |  Skaneateles, New York                                             |                                                                                     |                                                       |   | 13152-9318                                 |   |
|   |    (Address of principal executive offices and Zip Code) |                                                                                     |                                                  |   | (Zip Code)                                 |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  (315) 558-3702                                       |   |                                       |   |
|   |                                                                    |                                                                                     |  (Registrant's telephone number, including area code) |   |                                       |   |
|   |                                                                    |                                                                                     |                                                       |   |                                       |   |

| Large Accelerated Filer                     | [  ] | Accelerated Filer                                                                          | [  ]              |
|---------------------------------------------|----------------|--------------------------------------------------------------------------------------------|-----------------------------|
| Non-accelerated Filer                       | [  ] | Smaller Reporting Company                                                                  | [X]                         |
| (Do not check if smaller reporting company) |           |             Emerging growth company |   [  ]  |

|                                                                                                                            |  APPLICABLE ONLY TO CORPORATE ISSUERS: |   |
|---------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|--------|
|                                                                                                                            |                                        |   |
|  As of May 1, 2019, there were 41,029,000 shares of the registrant's $0.001 par value common stock issued and outstanding. |                                        |

----

|  Pacific Blue Energy Corp.            |
|--------------------------------------------|
| Form 10-Q                                  |
|                                       |
| For the Fiscal Quarter Ended June 30, 2015 |
|                                       |
| TABLE OF CONTENTS                          |
|                                       |   |   | Page |
|  Part I                          |
|                                       |   |   |   |
|  Item 1                               | Financial Statements |  3 |
|  Item 2                               | Management Discussion and Analysis of Financial Condition and Results of Operations |  12 |
|  Item 3                               | Quantitave and Qualitative Disclosures About Market Risk |  15 |
|  Item 4                               | Controls and Procedures |  15 |
|                                       |   |   |   |
| Part II                                    |
|  Item 1                               | Legal Proceedings |  16 |
|  Item 1A                              | Risk Factors |  16 |
|  Item 2                               | Unregistered Sales of Equity Securities and Use of Proceeds |  16 |
|  Item 3                               | Defaults Upon Senior Securities |  16 |
|  Item 4                               | Mine Safety Disclosures |  16 |
|  Item 5                               | Other Information |  16 |
|  Item 6                               | Exhibits |  17 |
|                                       |   |   |  |
| Signatures                                 |   |   |  18 |

----

Table of Content

| PART I - FINANCIAL INFORMATION                   |
|--------------------------------------------------|
|                                             |   |   |   |
|  Item 1                                     | Financial Statements |   |
|                                             |
|   Pacific Blue Energy Corp.            |
|                                                  |
|                                             |
| Financial Statements                             |
|  For the Fiscal Quarter Ended June 30, 2015 |
|                                             |
| TABLE OF CONTENTS                                |
|                                             |
|                                             |   |  Page |
| Balance Sheets (unaudited)                       | F-1 |
| Statements of Operations (unaudited)             | F-2 |
| Statements of Cash Flows (unaudited)             | F-3 |
| Notes to the Financial Statements (unaudited)    | F-4 |
|                                             |   |   |   |
|                                             |   |   |   |
| F-1                               |

----

Table of Content

| Pacific Blue Energy Corp.                                                               |   |        |       |    |         |   |
|-----------------------------------------------------------------------------------------|--------|-------------|------------|---------|--------------|--------|
| Consolidated Balance Sheets                                                             |   |        |       |    |         |   |
|                                                                                    |   |        |       |    |         |   |
|                                                                                    |   | June 30,    |       |    | December 31, |   |
|                                                                                    |   | 2015        |       |    | 2014         |   |
|                                                                                    |   | (Unaudited) |       |    |         |   |
|                                                                                    |   |        |       |    |         |   |
| ASSETS                                                                                  |   |        |       |    |         |   |
|                                                                                    |   |        |       |    |         |   |
| Current Assets                                                                          |   |        |       |    |         |   |
|  Cash                                                                              |   | $           | -          |    |         | $      | - |   |
| Prepaid expense                                                                         |   |        | -          |    |         |   | - |   |
| Total current assets                                                                    |   |        | -          |    |         |   | - |   |
|                                                                                    |   |        |       |    |         |   |   |   |
| Property and equipment, net                                                             |   |        | -          |    |         |   | - |   |
| Land                                                                                    |   |        | -          |    |         |   | - |   |
|                                                                                    |   |        |       |    |         |   |   |   |
| Total assets                                                                            |   | $           | -          |    |         | $      | - |   |
|                                                                                    |   |        |       |    |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY                                                    |   |        |       |    |         |   |   |   |
|                                                                                    |   |        |       |    |         |   |   |   |
| Current Liabilities                                                                     |   |        |       |    |         |   |   |   |
| Accounts payable and accrued liabilities                                                |   | $           | 7,000      |    |         | $      | 7,000 |   |
| Due to related party                                                                    |   |        | -          |    |         |   | - |   |
| Loan payable                                                                            |   |        | -          |    |         |   | - |   |
| Total current liabilities                                                               |   |        | 7,000      |         |         |   | 7,000 |  |
|                                                                                    |   |        |       |    |         |   |   |   |
| Stockholders' Equity                                                                    |   |        |       |    |         |   |   |   |
| Preferred stock- authorized 10,000,000 shares,                                          |   |        |       |    |         |   |   |   |
| par value $0.001, issued and outstanding                                                |   |        |       |    |         |   |   |   |
| nil shares                                                                              |   |        | -          |    |         |   | - |   |
| Common stock- authorized 290,000,000 shares,                                            |   |        |       |    |         |   |   |   |
| par value $0.001, issued and outstanding                                                |   |        |       |    |         |   |   |   |
| 41,029,000 shares                                                                       |   |        | 41,029     |    |         |   | 41,029 |   |
| Common stock issuable                                                                   |   |        | 27,000     |    |         |   | 27,000 |   |
| Additional paid-in capital                                                              |   |        | 3,317,739  |    |         |   | 3,317,739 |   |
| Accumulated deficit                                                                     |   |        | (3,392,768 | )       |         |   | (3,392,768 | ) |
| Total stockholders' equity                                                              |   |        | (7,000     | )  |         |   | (7,000 | )  |
|                                                                                    |   |        |       |    |         |   |   |   |
| Total liabilities and stockholders' equity                                              |   | $           | -          |    |         | $      | - |   |
|                                                                                    |   |        |       |    |         |   |   |   |
|                                                                                    |   |        |       |    |         |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements. |   |

----

Table of Content

| Pacific Blue Energy Corp.                                                               |   |                       |       |   |                     |   |       |   |   |   |       |   |
|-----------------------------------------------------------------------------------------|--------|----------------------------|------------|--------|--------------------------|--------|------------|--------|--------|--------|------------|--------|
| Consolidated Statements of Operations                                                   |   |                       |       |   |                     |   |       |   |   |   |
| (Unaudited)                                                                             |   |                       |       |   |                     |   |       |   |   |   |       |   |
|                                                                          |   | For the Three Months Ended |       |   | For the Six Months Ended |   |
|                                                                                    |   | June 30,                   |       |   | June 30,                 |   |
|                                                                                    |   | 2015                       |       |   | 2014                     |   |       | 2015   |   |   | 2014       |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |
| Revenues                                                                                |   | $                          | -          |   |                     | $      | -          |   |   | $      | -          |   |   | $ | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Operating expenses:                                                                     |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Amortization                                                                            |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Consulting fees                                                                         |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| General and administrative                                                              |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Professional fees                                                                       |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Wages and benefits                                                                      |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Impairment of long lived assets                                                         |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Total operating expenses                                                                |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Loss from operations                                                                    |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Other income (expense)                                                                  |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Interest expense                                                                        |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Interest income                                                                         |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
| Total other income (expense)                                                            |   |                       | -          |   |                     |   | -          |   |   |   | -          |   |   |   | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Net loss                                                                                |   | $                          | -          |   |                     | $      | -          |   |   | $      | -          |   |   | $ | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Net loss per share (basic and diluted)                                                  |   | $                          | -          |   |                     | $      | -          |   |   | $      | -          |   |   | $ | - |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| Weighted average shares outstanding                                                     |   |                       | 41,029,000 |   |                     |   | 41,029,000 |   |   |   | 41,029,000 |   |   |   | 41,029,000 |   |
|                                                                                    |   |                       |       |   |                     |   |       |   |   |   |       |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements. |   |

----

Table of Content

| Pacific Blue Energy Corp.                                                               |   |                       |   |   |   |   |
|-----------------------------------------------------------------------------------------|--------|----------------------------|--------|--------|--------|--------|
| Consolidated Statements of Cash Flows                                                   |   |                       |   |   |   |   |
| (Unaudited)                                                                             |   |                       |   |   |   |   |
|                                                                          |   | For the Three Months Ended |   |
|                                                                          |   | June 30,    |   |
|                                                                                    |   | 2015                       |   |   | 2014   |   |
|                                                                                    |   |                       |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                   |   |                       |   |   |   |   |
|                                                                                    |   |                       |   |   |   |   |
| Net loss                                                                                |   | $                          | -      |        |   | $      | - |   |
| Adjustments to reconcile net loss to net                                                |   |                       |   |   |   |   |   |   |
| loss from operating activities                                                          |   |                       |   |   |   |   |   |   |
| Amortization                                                                            |   |                       | -      |   |   |   | - |   |
| Impairment                                                                              |   |                       | -      |   |   |   | - |   |
| Shares issued for services                                                              |   |                       | -      |   |   |   | - |   |
| Changes in operating assets and liabilities                                             |   |                       |   |   |   |   |   |   |
| Prepaid expenses                                                                        |   |                       | -      |   |   |   | - |   |
| Accounts payable and accrued liabilities                                                |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Net Cash Used in Operating Activities                                                   |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                   |   |                       |   |   |   |   |   |   |
| Deposit payment on property purchase                                                    |   |                       | -      |   |   |   | - |   |
| Purchase of equipment                                                                   |   |                       | -      |   |   |   | - |   |
| Net cash paid for acquisition                                                           |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Net Cash Used in Investing Activities                                                   |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES:                                                   |   |                       |   |   |   |   |   |   |
| Proceeds from loans payable                                                             |   |                       | -      |   |   |   | - |   |
| Repayment of loans payable                                                              |   |                       | -      |   |   |   | - |   |
| Proceeds from related party                                                             |   |                       | -      |   |   |   | - |   |
| Repayments to related party                                                             |   |                       | -      |   |   |   | - |  |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Net Cash Provided by (Used in) Financing Activities                                     |   |                       | -      |   |   |   | - |  |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Increase (decrease) in cash                                                             |   |                       | -      |   |   |   | - |  |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Cash, beginning of period                                                               |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Cash, end of period                                                                     |   |                       | -      |   |   |   | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| SUPPLEMENTAL DISCLOSURES:                                                               |   |                       |   |   |   |   |   |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Cash paid for interest                                                                  |   | $                          | -      |   |   | $      | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| Cash paid for taxes                                                                     |   | $                          | -      |   |   | $      | - |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
|                                                                                    |   |                       |   |   |   |   |   |   |
| The accompanying notes are an integral part of these consolidated financial statements. |   |

----

Table of Content

| a) | Basis of Presentation and Principles of Consolidation |
|----|-------------------------------------------------------|

| b) | Use of Estimates |
|----|------------------|

| c) | Interim Financial Statements |
|----|------------------------------|

----

Table of Content

|  | d) | Cash and Cash Equivalents |
|--|----|---------------------------|

----

Table of Content

|                               |   |   |      |
|------------------------------------|--------|--------|-----------|
| Purchase price                     |   |   |      |
|                               |   |   |      |
| Cash                               |   |   | 300,000   |   |
| 1,000,000 common shares            |   |   | 705,378   |   |
|                               |   |   |      |   |
|                               |   |   | 1,005,378 |   |
|                               |   |   |      |   |
| Fair value of Ship Ahoy net assets |   |   |      |   |
|                               |   |   |      |   |
| Cash and cash equivalents          |   |   | 378       |   |
| Land                               |   |   | 591,000   |   |
| Interest in Sunshine Wind Park     |   |   | 414,000   |   |
|                               |   |   |      |   |
|                               |   |   | 1,005,378 |   |

----

Table of Content

|  ITEM 2.    | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION. |
|---------------------------------|-----------------------------------------------------------------------------------|

|                                            | June 30, |   | December 31, |   |
|-------------------------------------------------|----------|--------|--------------|--------|
|                                            | 2015     |   | 2014         |   |
|                                            |     |   |         |   |
|  Current Assets             |     | $      | -            |   |   | $ | - |   |
|  Current Liabilities                  |     |   | 7,000        |   |   |   | 7,000 |  |
|  Working Capital (Deficit)  |     |   | (7,000       | )      |   |   | (7,000 | ) |

|                                                 | Jine 30, |   | June 30, |   |
|------------------------------------------------------|----------|--------|----------|--------|
|                                                 | 2015     |   | 2014     |   |
|                                                 |     |   |     |   |
|  Cash Flows from (used in) Operating Activities |     | $      | -        |   |   | $ | - |  |
|  Cash Flows from Investing Activities           |     |   | -        |   |   |   | - |  |
|  Cash Flows from (used in) Financing Activities |     |   | -        |   |   |   | - |  |
|  Net Increase (decrease) in Cash During Period  |     |   | -        |   |   |   | - |  |

----

Table of Content

|  | Operating Revenues |
|--|--------------------|

|  | Operating Expenses and Net Loss |
|--|---------------------------------|

|  | Liquidity and Capital Resources |
|--|---------------------------------|

|  | Cashflow from Operating Activities |
|--|------------------------------------|

----

Table of Content

|  | Cashflow from Financing Activities |
|--|------------------------------------|

|  | During the six months ended June 30, 2015 the Company did not receive any cash from financing activities as compared to $0 for the six months ended June 30, 2014.  |
|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | Subsequent Developments |
|--|-------------------------|

|  | Going Concern |
|--|---------------|

|  | Off-Balance Sheet Arrangements |
|--|--------------------------------|

|  | Future Financings |
|--|-------------------|

----

Table of Content

|  ITEM 3.    | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. |
|---------------------------------|-------------------------------------------------------------|

|  ITEM 4.    | CONTROLS AND PROCEDURES |
|---------------------------------|-------------------------|

----

Table of Content

|  ITEM 1.    | LEGAL PROCEEDINGS |
|---------------------------------|-------------------|

|  ITEM 1A.    | RISK FACTORS |
|----------------------------------|--------------|

|  ITEM 2.    | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
|---------------------------------|-------------------------------------------------------------|

|  ITEM 3.    | DEFAULTS UPON SENIOR SECURITIES. |
|---------------------------------|----------------------------------|

|  ITEM 4.    | MINE SAFETY DISCLOSURE. |
|---------------------------------|-------------------------|

|  ITEM 5.    | OTHER INFORMATION. |
|---------------------------------|--------------------|

|  | None |
|--|------|

----

Table of Content

|  ITEM 6.    | EXHIBITS |
|---------------------------------|----------|

| Exhibit Number             |                                                                                                                            |  Form |  Date |  Number |  Filed Herewith |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------|------------|------------|--------------|----------------------|
|                       |                                                                                                                            |       |       |         |                 |
| 31.1                       |     Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  |       |       |         | X                    |
| 31.2                       |     Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002  |       |       |         | X                    |
| 32.1                       |     Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |       |       |         | X                    |
| 32.2                       | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                         |       |       |         | X                    |
|                       |                                                                                                                            |       |       |         |                 |
|  101.INS              |     XBRL Instance Document.                                                                                      |       |       |         |  X              |
|  101.SCH              |     XBRL Taxonomy Extension – Schema.                                                                 |       |       |         |   X        |
|  101.CAL    |     XBRL Taxonomy Extension – Calculations.                                                                |       |       |         |   X        |
|  101.LAB         |     XBRL Taxonomy Extension – Labels.                                                                      |       |       |         |   X        |
|  101.PRE         |     XBRL Taxonomy Extension – Presentation.                                                                |       |       |         |   X        |
|  101.DEF              |     XBRL Taxonomy Extension – Definition.                                                             |       |       |         |   X        |
|                       |                                                                                                                            |       |       |         |                 |
|                       |                                                                                                                            |       |       |         |                 |
|  Reports on Form 8-K: |                                                                                                                            |       |       |         |
|                       |                                                                                                                            |            |            |              |                 |
|                            |                                                                                                                                 |            |            |              |                 |
|                       |                                                                                                                            |       |       |         |                 |

----

Table of Content

|   |  PACIFIC BLUE ENERGY CORP.  |
|--------|---------------------------------------|
|   |  (the "Registrant")              |
|   |                                  |   |
|   |  BY:                   |  /s/CARMEN J. CARBONA |
|   |                                  |  Carmen J. Carbona |
|   |                                  |  President, Principal Executive Officer, |
|   |                                  |   |