Canadian Federal Politics Thread v5

[Firebot]

Canada announces new partnership with Germany on critical minerals and energy

https://www.pm.gc.ca/en/news/news-re...l-minerals-and

The Prime Minister also underlined the potential for deeper bilateral collaboration between Canada and Germany on liquified natural gas (LNG) and hydrogen, including through the Canada-Germany Energy Partnership. Canada will begin discussions regarding the supply of LNG to German buyers, while advancing co-operation under the Canada-Germany Hydrogen Alliance to develop a transatlantic hydrogen trade corridor that supports the clean energy transition and strengthens energy security.

https://financialpost.com/commoditie...rman-customers

https://www.ctvnews.ca/business/arti...hin-two-weeks/

“Our government is in the process of unleashing half a trillion dollars of investment in energy infrastructure, port infrastructure, particularly intelligence infrastructure, as well, with AI,” Carney said Tuesday.

Speaking alongside German Chancellor Friedrich Merz in Berlin, the prime minister said the first of those investments will be announced “in the next two weeks” and pointed to building up the Port of Montreal and “a new port, effectively, in Churchill, Manitoba,” as examples.

“Which would open up enormous LNG, plus other opportunities, and other East Coast ports for those critical minerals,” Carney said.

“There is a lot happening. It’s the number one focus of this government— is to build that infrastructure, and particularly infrastructure that helps us deepen our partnership with European partners and particularly Germany.”

Meanwhile 3 years ago, while in the middle of a global energy crisis:

https://www.cbc.ca/news/politics/tru...rope-1.6558542

"One of the challenges around LNG is the amount of investment required to build infrastructure for that," he said.

"There has never been a strong business case because of the distance from the gas fields, because of the need to transport that gas over long distances before liquefaction."

There was a recent post talking about business case LNG exports that I can no longer find, but I was going to discuss all the east coast LNG projects that got shelved or rejected over the past 10 years under the Trudeau government such as Repsol, Énergie Saguenay and several others.

Énergie Saguenay was rejected with joy by Guilbault just weeks before the invasion of Ukraine.

https://www.cbc.ca/news/canada/montr...ject-1.6320373

https://www.canada.ca/en/impact-asse...y-project.html

It's great to finally have a pragmatic adult running our country. It's disappointing that we lost a whole decade of country defining opportunities from the country chopping its own foot over ideology especially under the Trudeau-Singh coalition government.

"There has never been a strong business case" is now turning into "tremendous opportunity". Sometimes it's really not the party but the leader (hint hint CPC time to clean house)

[Mr.Coffee]

Feds are going to need to get an equity position and lead the way if they want LNG on the east side to Europe, I’d think.

New large LNG projects (3-4 MTPA) in Canada will need a capital investment of $CD 40 - 50 billion (LNG terminal plus pipeline). That represents about a third to a half of the value of our largest energy infrastructure companies (ENB and TCE) who transact using a cost of service model (i.e.; they want others to take the risk on capital).

Putting capital at risk is nothing new for Canada’s oil and gas producers. But they do not have the collective size to put together $CD 40 - 50 billion. Rather than have our Governments make up the difference with subsidies (like we see happening with green energy on the east coast) which is not fair to taxpayers, my view is that there is a role - at least initially - for Governments to make equity investments in very large capital projects.

It also should happen ASAP if that’s the plan. The market is looking dubiously supplied in the short term- medium term and I wonder how many more of these are needed globally for supply over the next 100-200 years.

[Fuzz]

Saskatchewan is budgeting $900-million over four years to refurbish its three coal-fired power plants and extend their lives well past a federal 2030 phase-out deadline, the government says, citing energy security needs as it doubles down on its reliance on the fossil fuel.

https://www.theglobeandmail.com/busi...s-says-no-gas/

I 'spose this is the part where Smith lobbies hard against Moe to help protect the environment and preach about the climate benefits of natural gas, right? Black lung is an honourable sign of hard work and boot strappy-ness.

Or is Saskatchewan using the energy security angle based on Alberta separatism? Or are they just all hopelessly dumb backwards ####s who would be just as happy if we all burned coal for heat?

Sorry, Conservatives, but your movement is intellectually bankrupt, and the sooner y'all realize this and kick these troglodytes out of power, the sooner we can move on to prosperity in the modern world. No, your argument is invalid. Stop it already.

[Parallex]

Originally Posted by Wolven

Canada should look to reopen those factories as Canada-only car manufacturing and detangle our production and supply chain from the US.

Or at least as much as will allow us to better export to alternative markets. I'm kind of surprised that the Big Automakers don't take more advantage of us being a part of CETA and CPTPP to make autos more suited to those markets.