On Tuesday, Chrystia Freeland gave a speech at the Brookings Institute in Washington, DC, and she outlined some fairly ambitious economic policy that involves a retrenching of keeping our supply chains within fellow democracies, because relying on regimes like Russia and China can prove costly in the end—particularly if you look at what’s happening in Europe with their energy crisis. It also means accelerating the green energy transition, which is also happening at a faster pace. But what got a bunch of people in Canada curious was Freeland talking about fast-tracking energy and mining projects to help Europe with that transition. But there is nuance there, however.
The CBC in particular got excited because they claimed to see some kind of contradiction with what Freeland was saying with the fact that the government won’t do anything to fast-track LNG projects, and that we somehow sent German Chancellor Olaf Scholz packing when he came looking for LNG. Erm, except he didn’t, because he knows as well as anyone that we don’t have the infrastructure for LNG, and so he came looking for hydrogen, which he got. But the CBC’s Vassy Kapelos did an interview with Scholz, where she spent half of it badgering and hectoring him about LNG until he said that he would like Canadian LNG if we had it, and they kept bringing that clip up in isolation. But again, Scholz knows we don’t, that it would take too long to build, and frankly that the market case isn’t there. As I wrote in this column, the timelines for these projects don’t make sense, and frankly, the LNG projects that have been on the drawing table for decades never took off because they couldn’t get commitments from buyers for the project. And while Kapelos was hectoring and badgering natural resources minister Jonathan Wilkinson yesterday about LNG, and insisting that the Americans can get theirs to export and why not us, the difference is that they have been converting LNG import terminals for export, which we can’t do. We have one import terminal in New Brunswick, and it would take two years to retrofit, assuming they could get a steady supply of gas, which they don’t have without importing. That’s why it’s an import terminal. But apparently there are no producers at Power & Politics who can pick up the phone and call a gods damned energy economist who can explain these things before they talk to the minister and not waste everyone’s time.
So no, Freeland didn’t contradict anyone. They are putting a focus on mining critical minerals in Canada—Trudeau made such an announcement earlier in the week. They are focusing on hydrogen, some of which may come from natural gas, which again, is not LNG, but is an energy project. “Energy project” is not simply code for LNG, guys. It’s only slightly alarming that the gods damned public broadcaster can’t be bothered to do their homework to put things in context before they start hyperventilating, but this is apparently the era we’re living in.
Ukraine Dispatch, Day 231:
Ukrainian forces say that they have recaptured five settlements in the southern Kherson region, while the Zaporizhzhia nuclear plant has lost external power for the second time in five days, which puts stress on the cooling systems.
I’m back in Ukraine. Just days ago, Russian missiles rained down on cities across Ukraine, killing innocent people. MP @Yvan_Baker and I are here to show our government’s unwavering support for the people of #Ukraine, as they fight for their freedom and their country. pic.twitter.com/G5BdILVVdP
— Harjit Sajjan (@HarjitSajjan) October 12, 2022