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
-
What Tariffs to Expect When You’re Expecting Liberation Day
Podcast
Emily and Geoff catch up on the Trump administration’s first big action on China tech competition, before digesting this week’s big tariff news (on autos) and looking ahead to...
By Emily Kilcrease & Geoffrey Gertz
-
This Secret Deal Cemented U.S. Economic Power. Donald Trump Could Squander It.
Commentary
The paradox of economic warfare is that sanctions and tariffs are only effective if you can first pull others in — and keep them there....
By Edward Fishman
-
How America Wages Economic Warfare with Eddie Fishman
Podcast
The last two decades have marked a revolution in economic warfare. As the United States has increasingly sought to weaponize the global economy against its adversaries, the wo...
By Andrea Kendall-Taylor, Jim Townsend & Edward Fishman
-
Why Financial Warfare Could Backfire on the U.S.: Podcast
Podcast
Washington has sharpened the dollar and technology into powerful weapons. Now erstwhile allies fear they are targets. In this episode of The Big View podcast Edward Fishman, t...
By Edward Fishman
