Chrystia Freeland\u0027s economic statement was largely devoted to the Trudeau government\u0027s plan to make Canada a global leader in clean energy.
What she didn’t say demonstrates why the Liberals’ approach to clean energy is smoke and mirrors.Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.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.
Trudeau signed the G-7 communique from its August meeting in Germany that specifically said, “with the view to accelerating the phase out of our dependency on Russian energy, we stress the important role increased deliveries of LNG can play, and acknowledge investment in this sector is necessary in response to the current crisis.”
The EU calls investments in natural gas an “environmentally sustainable economic activity” qualifying for private sector investment and government support.Article contentWe apologize, but this video has failed to load.Replacing coal-fired electricity globally with natural gas is the single most effective way to reduce greenhouse gas emissions.Canada is the world’s fifth largest producer and fourth largest exporter of natural gas.
But almost all of it goes to the U.S., where we sell it at huge discounts, because we can’t get it to global markets due to a lack of infrastructure. This costs the Canadian economy an estimated $9 billion annually.Recommended from Editorial
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