January 24, 2023
On LNG, Canada Turned Away Germany, Then Japan—This Country Cannot Keep Doing That
In mid-January, Prime Minister Fumio Kishida announced Japan’s interest in buying more Canadian energy supplies. Canadian Prime Minister Justin Trudeau lauded Japan for agreements to purchase from the soon-to-launch LNG Canada project, before quickly changing the subject to critical minerals and battery production, the newest focus of his country’s industrial policy. While those latter efforts can be positive for Canada, Mr. Trudeau’s messaging reflects a missed opportunity for Canada to use its energy not just for its own benefit but that of others.
Canada has an opportunity to insist producers invest in the cleanest LNG supplies.
To his credit, Mr. Trudeau avoided making the same statement he made some months ago, when he claimed, on German Chancellor Olaf Scholz’s visit, that there was “no business case” for meaningful increases in LNG exports. Still, much like with Germany, which ended up securing only a few agreements on hydrogen projects after Mr. Scholz’s visit, Mr. Trudeau gave Japan no promises of expanding LNG projects or encouraging new ones.
Read the full article from The Globe and Mail.
More from CNAS
-
Edward Fishman: Weaponizing Finance and What It Means for Portfolios
Podcast
Edward Fishman, adjunct senior fellow at the Center for a New American Security, explains how sanctions, chokepoints, and financial tools are redefining market risk and opport...
By Edward Fishman
-
Happy Summer from Derisky Business!
Podcast
While Derisky Business goes on summer break, revisit your favorite episodes of the podcast and dive into the Summer Reading List, featuring book recommendations from previous ...
By Emily Kilcrease & Geoffrey Gertz
-
The Derisky Business Reading List
Commentary
While Derisky Business goes on summer break, revisit your favorite episodes of the podcast and dive into the Summer Reading List, featuring book recommendations from previous ...
-
Podcast
Transatlantic Security / Energy, Economics & Security
From Russia with RiskHere on the Bear Market Brief, a lot of what we focus on is, simply put, risk: what might happen, and what might it mean? On this episode, Rachel Ziemba, an adjunct senior fel...
By Rachel Ziemba
