When Trudeau and Olaf Scholz downplayed shipping natural gas to help make up for Russian cuts, they were making a virtue of necessity.
From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
The fact we’re a captive market to the U.S. means our natural gas has to be sold at a discount, costing our economy an estimated $9 billion annually. There, the economic hit we take because of having to sell it at a discount is estimated at $15 billion annually.Article content Given Canada’s Byzantine regulatory structure for approving fossil fuel projects and the lack of clarity about the future of the sector, which would have to foot the bills, don’t count on it.tap here to see other videos from our teamTrudeau said he’s willing to look at streamlining the regulatory process regarding natural gas exports but questions whether it’s economically feasible right now.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trudeau questions business case for natural gas exports from Canada to EuropeJustin Trudeau said the government is open to easing requirements for projects that would facilitate the export of natural gas to Europe.
Read more »
Video: Canada exploring feasibility of LNG exports to Europe, Trudeau saysCanada is exploring ways to see if there is a business case to export liquefied natural gas directly to Europe from its east coast, Prime Minister Justin Trudeau said on Aug. 22.
Read more »
Germany, Canada to boost energy, mineral ties as they decarbonizeGermany fears a further reduction of natural gas supplies from Russia this winter in retaliation for Western sanctions following the invasion of Ukraine
Read more »
German gas storage 80 per cent full, progresses despite Russian cutsGermany's natural gas storage facilities are now more than 80 per cent full, showing steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine.
Read more »
Gas prices will fall six cents on WednesdayWhen Gas Price Wizard’s Dan McTeague says gas prices are going to fall by as much as six cents on Wednesday.
Read more »