Canada has the true potential to quench the thirst of the international markets but unfortunately the leader of the country is a blockhead who knows to turn his back to every economic opportunity. This must not come as a surprise, that LNG in Canada remains a promising opportunity for investors worldwide and in turn Canadians who are suffering with skyrocketing inflation. In today’s competitive energy world, Canada could have easily gained its fair share with its large LNG industry. Global gas demand, especially for LNG, is growing stronger day by day, particularly within the Asia-Pacific region. And fortunately, Canada has what investors are looking for and are excited by new opportunities within this market. By this point in time, Canadians must be expecting the Liberals to act in Canada’s best interests in terms of both geopolitics and economy but sadly the Prime Minister has his own ways.
Owing to the Trudeau government’s climate change narrative, the whole nation is suffering. Many provinces have risen against it and now even the first nations are following the course.
Recent times have seen Justin Trudeau ignore Germany’s desire to obtain liquefied natural gas (LNG) from eastern Canada. A wealthy ally Germany desperately wants and needs to purchase something Canada possesses in abundance. Selling fossils like LNG and oil will benefit Canada immensely but the Trudeau regime thinks otherwise.
Canada will benefit from selling LNG to Germany because it will bring in money at a time when the country absolutely needs all the money it can get. However, Germany’s requests for additional LNG from Canada were turned down by Prime Minister Justin Trudeau.
Germany hopes that liquefied natural gas (LNG) from Canada will make it easier for Germany to move away from Russian gas imports. There are currently no LNG terminals in Canada, but two are being constructed on the West Coast.
Even the welcome given by Prime Minister Trudeau to the Japanese Prime Minister Fumio Kishida in January was more embarrassing for Canada than normal. Two fantastic possibilities were passed up for no apparent reason. Not to mention, Japan is Canada’s most important trading partner, due to the country’s greatest source of FDI, as well as the exchange of Canadian minerals, natural gas, agricultural products, and softwood timber for Japanese autos, electronics, and medical technologies, to mention a few.
Evidently, Justin Trudeau couldn’t see any “commercial case” in that of Germany’s bid and even ignored Japan’s energy needs. Instead of securing the country’s future by using its vast resources to their true potential, the greenie liberal instead chose to lecture the world on decarbonization and energy diversification.
Also Read: Trudeau’s Just Transition is hurting Canada and it should be abolished
However, no such impediment exists to supplying Japan’s energy needs from Canada’s west coast. There, the LNG Canada export terminal at Kitimat is expected to be operational in 2025, fed by the Coastal GasLink pipeline. And Woodfibre LNG aims to open in 2027.
Much of this export capacity has been made possible by the participation of First Nations, 20 of whom are involved in LNG distribution through Coastal GasLink benefits agreements, employment and contracting, and potential equity participation.
In short, First Nations have contributed in helping their people escape poverty and sharing the wealth of their lands. Under existing federal policy, Canadian govt should also do its part in helping these people to come out from poverty.
In addition to helping pull populations out of poverty, natural gas is a transition fuel that can assist other countries in making the switch from coal to cleaner energy.
The world could care less about Canada’s negligible 1.6% share of global greenhouse gas emissions, which are caused by LNG. The interests of people, security, and the economy are shared by all. Gas will be supplied by anyone who wants to supply it, and while Canada writhes in strife and debt, those other suppliers will profit.
While the Prime Minister doesn’t even realise the cost of opportunities he has lost, the first nations are now demanding answers as to what he is doing for the country’s future. The leader is not only hurting the country’s economy but also his political stature.
It is important to know that the group of atleast 20 first nations is angry from Trudeau’s LNG policy. They want to benefit from the current energy scenario of the world but Trudeau is becoming an impediment instead of a facilitator. It is also a fact that these First Nations together have a huge voter base in Canada and angering a chunk of voters can prove to be fatal for Trudeau at a time when Conservatives are gaining popularity in Canada.
Rather than scaremongering the Canadians in the name of climate change, Trudeau needs to seek out new markets to maintain current production and the associated jobs.
Canada ought to take advantage of opportunities to improve the country in order to escape the current economic situation. But the Trudeau government allows its radical ideological agenda to prevail over common sense.
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