Trudeau douses excitement over East Coast gas exports, calling business case weak — via financialpost Renewables Oil Gas Energy Commodities
Trudeau made the comments Monday during a joint press conference with his German counterpart, Olaf Scholz, who is visiting Canada for the first time as chancellor.
“We are looking right now and companies are looking at whether or not the new context makes it a worthwhile business case to make those investments,” Trudeau said, adding the federal government would be willing to ease regulatory hurdles to assist its allies. The two leaders spoke at length about the challenge of safeguarding the energy security of Western democracies during the news conference in Montreal Monday. The leaders, along with numerous federal cabinet ministers, will gather this week for meetings on investment and partnership opportunities in the areas such as critical minerals and the automotive sector.Article content
“We are looking at every possible different way to help out the German people and Europeans in the short term as they face a real challenge this coming winter and the next as Russia continues to squeeze off gas supply,” Trudeau said.
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