True North: Trudeau slammed for “missed opportunity” over Germany LNG deal
As a US ship arrived in Germany’s newly built liquified natural gas (LNG) terminal with a fresh shipment of gas, critics of Prime Minister Justin Trudeau blasted him for turning down an opportunity to sell Canadian gas to the European nation.
Conservative MP and foreign affairs critic Michael Chong called the deal a “missed opportunity” for Canada as Germany seeks for ways to offset its dependency on Russian energy.
“Germany’s newly constructed LNG terminal received its first full cargo from the U.S. today – not Canada,” tweeted Chong.
“That’s partly because Trudeau believes there’s ‘never been a strong business case’ for exporting East Coast LNG. What a missed opportunity.”
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WNU Editor: Canada has the resources to become one of the top 3 energy exporters in the world (after Saudi Arabia and Russia). But because of politics, regulations, and giving First Nations people veto power over major infrastructure projects. this has all but stopped/crippled any new energy projects.
In regards to the above report on the missed opportunity for A Germany LNG deal. What makes it not possible is Quebec (where I live) is hostile to building any new pipelines from Western Canada to the East coast. Since Quebec is where a good portion of Trudeau's support comes from, you can take this to the bank, he is not going to jeopardize that base of support.
Had Canada and the USA had more intelligent people and bureaucracy the USA, Canada and perhaps Mexico could have formed an energy super power of free markets to contest against Russia and OPEC. We’d be looking at much less pricing power for Russia and the distinct possibility Russia never invaded Ukraine for fear of losing markets or the drain on its treasury. Climate change mania is driving the world to scarcity and war.
ReplyDeleteWNU Editor; “First Nation people” - what is this?
ReplyDeleteIndigenous or native tribes and their descendants. In the US = Native Americans or even Indians (dated term but Bureau of Indian Affairs is still a thing in the federal government)...in Canada = First Nations
DeleteI would say that 'First Nations' is even spreading into the U.S., though terms like California Indian are in many groups more popular than Native Californian because of the ambiguity of the latter.
DeleteMoreover there are 5 or 6 types of Canadian crude oil that are roughly comparable to the Urals crude which many European refineries operate on. Do not expect Canada to get a significant bite of that cake either.
ReplyDelete