Trudeau questions business case for natural gas exports from Canada to Europe

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Justin Trudeau said the government is open to easing requirements for projects that would facilitate the export of natural gas to Europe.

The comments came Monday during a joint news conference with German Chancellor Olaf Scholz in Montreal as the prime minister hosted the German leader during a visit that will also include stops in Toronto and Newfoundland.

“From the government’s standpoint, easing the processes ⁠— because of the difficulty that Germany is facing — to make sure that we can move through regulatory hurdles more quickly is something we’re willing to do,” he said.tap here to see other videos from our teamYet the prime minister suggested it will ultimately be up to industry to determine whether it makes business sense to invest in the facilities and other infrastructure needed to transport Canadian gas to Europe.

“We are certainly aware that even as the world needs to decarbonize and get off fossil fuels, there is a need right now to counter the energy crisis created by Russia,” he said. Deputy Prime Minister Chrystia Freeland first raised the idea of government action to make it easier for LNG exports from Canada while visiting Saint John in early July, where she met with representatives from across industry.

During Monday’s news conference, both Trudeau and Scholz underscored the need to transition from fossil fuels clean energy over the medium-to-long term. The two leaders are expected to sign a deal on hydrogen later this week.

 

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The big question is the cost effectiveness of the business. Sustainability..

Does he monetary policy now?

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Will Canada boost LNG exports amid German concerns? ‘Business case’ is key: Trudeau - National | Globalnews.caCanada's best bet for helping Germany right now, Prime Minister Justin Trudeau added, is to 'continue to contribute to the global market.' Populism isn't good because he's not popular lol this clown man
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