Trudeau douses excitement over East Coast gas exports, calling business case weak

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.

“But there needs to be a business case. It needs to make sense for Germany to be receiving LNG directly from the East Coast. Those are discussions that are ongoing right now between our ministers, between various companies to see if indeed it makes sense,” Trudeau said. Trudeau said Canada’s best chance of helping its allies may be to continue supplying natural gas to global markets via existing pipelines to the United States, and then eventually through LNG exports on Canada’s West Coast, where the country’s only export terminal is under construction.

The German chancellor is facing an energy crisis at home where European natural gas prices have hit record levels on fears that Russian supply cuts could tip the German economy into recession.

financialpost Sorry, not approved by WEF..

financialpost It's the job of him and his cabinet to try to make the business case strong. TrudeauNationalDisgrace

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trudeau douses excitement over East Coast gas exports, calling business case weakICYMI: Trudeau douses excitement over East Coast gas exports, calling business case weak Renewables Oil Gas Energy Commodities feckless Business No, it's all about the Photo-Op of the day. if proven reserves are enough to justify extraction over several decades, you would need a number of deep sea wells, a few transfer terminals, and a fleet of LNG carriers running on a transatlantic shuttle service, all while limiting emmisions and pollution
Source: financialpost - 🏆 7. / 85 Read more »

Trudeau douses excitement over East Coast gas exports, calling business case weakICYMI: Trudeau douses excitement over East Coast gas exports, calling business case weak — via financialpost Renewables Oil Gas Energy Commodities financialpost Meanwhile south of the border…. financialpost But legal cannabis has a strong business case 🙄 financialpost Everything he says, the opposite is true.
Source: nationalpost - 🏆 10. / 80 Read more »

Canada's real estate market cooling. Here's what to expect this fallAfter fuelling Canada\u0027s economy through the COVID\u002D19 pandemic, the real estate market is showing signs of weakness as home prices fall.
Source: TheTorontoSun - 🏆 23. / 68 Read more »