Heather Exner-Pirot: Canada is hoarding its resources. Our allies have noticed via nationalpost
Scholz and Prime Minister Justin Trudeau journeyed to the western Newfoundland town of Stephenville on Tuesday to sign a deal for the export of “green” hydrogen to Germany in the coming years. But Scholz’s trip to Canada was never supposed to be about hydrogen. It was meant to address liquified natural gas exports, as Germany and the rest of Europe struggle to replace Russian natural gas in the wake of the war in Ukraine.
So where did Europe, Japan, South Korea and the United States look to find a reliable ally that has more natural resources than it needs, and what’s more, capacity to spare, not only to meet today’s needs but those of the multitrillion-dollar energy transition as well? The obvious answer was Canada. Canadian producers’ phones have been ringing off the hook since February, with trade partners looking to buy more of our fertilizer, uranium, oil, gas, wheat and more. With security threats from Russia and China growing, this is not merely an economic strategy, but a security one as well.Article content
But uniquely, maddeningly, the federal government seems intent on limiting producers’ ability to export more resources. The culprit: an uncertain regulatory environment that deters both investors and producers, and a lack of infrastructure to get it to global markets efficiently, from pipelines and terminals to railroads and ports. No other country in the world — certainly no other big western exporters such as Australia, Norway and the U.S.A.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prime Minister Justin Trudeau, German Chancellor Olaf Scholz to sign hydrogen deal | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Prime Minister Justin Trudeau, German Chancellor Olaf Scholz to sign hydrogen dealPrime Minister Justin Trudeau and the German chancellor are visiting the western Newfoundland town of Stephenville later today, where they're set to sign a green energy deal.
Read more »
Prime Minister Justin Trudeau, German Chancellor Olaf Scholz to sign hydrogen dealPrime Minister Justin Trudeau and the German chancellor are visiting the western Newfoundland town of Stephenville later today, where they're set to sign a green energy deal.
Read more »
Trudeau and German Chancellor Olaf Scholz to sign hydrogen dealHydrogen is seen as a critical component of Europe’s plan to reduce its reliance on Russian fossil fuels
Read more »
Prime Minister Justin Trudeau, German Chancellor Olaf Scholz to sign hydrogen dealOTTAWA — Prime Minister Justin Trudeau and German Chancellor Olaf Scholz are visiting the western Newfoundland town of Stephenville later today, where they’re…
Read more »
Heather Exner-Pirot: Canada is hoarding its resources. Our allies have noticedGerman Chancellor Olaf Scholz\u0027s trip to Canada was supposed to be about LNG, not hydrogen
Read more »