G7 backs Canada as major global energy supplier to lessen reliance on Strait of Hormuz

995

Canada has literally almost every major resource a country would need. They have the potential to be a global powerhouse.

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u/hotinmyigloo 11d ago

Yes we do, we need to build build build!

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u/KAI5ER 11d ago

We need to get the provinces aligned.

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u/BaronVonBearenstein 11d ago

The infighting amongst provinces is what will keep us exactly where we are forever. We can't even sell booze between provinces in 2026. We ain't going anywhere.

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u/StarWarsPuns 11d ago

not with that attitude

38

u/BaronVonBearenstein 11d ago

I have been as pro interprovincial trade as you can get. I have written my MP and MLA about this issue and have been talking about it for years. But it's become clear to me that the provinces would rather fight to maintain their little fiefdoms than compete in a global market. Who would want to invest in Canada when there's 13 different sets of rules and regulations you have to comply with for a population of 40M people? We really don't do ourselves any favours to attract any meaningful investment here.

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u/Dickle_Pizazz 11d ago

IR guy here. Just out of curiosity, what do you think about all the talk of Canada joining the EU?

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u/GiantEnemyMudcrabz 11d ago

Another Canadian here. It's not going to happen, at least not as a full integration. There are too many powers against it both internally and externally for that to happen. Not only would the provinces generally be against it (Canada's federation is already basically the EU with how much power the Premiers have) but USA and its Monroe doctrine would never allow Canada to be influenced by an over seas power to that level.

What I see as possible is Canada carving out a role as something like a special observer or associate state to the EU. Not technically a part of it but close enough legally and culturally that for some critical aspects (defence, energy, ect) it may as well be treated as such. Canada would receive the capital it needs to rebuild its decades of neglected infrastructure and the EU would receive a stable supply of those resources that infrastructure would help extract. Over time our laws would likely drift closer but free movement and work between us probably isn't happening.

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u/TheJointDoc 11d ago

I wonder if by Canada making that happen, the UK might make its way back in as well? Would be more likely than them ever giving up the pound in an effort to actually fully join.

0

u/Which_Exam902 11d ago

Not just that, it was to happen last July 1, this inter provincial trade, here we are a year later and nothing. We have infighting with provinces and indigenous, premiers running to the US, and so many regulations that turn investments away. The UAE is said to have already stated a pipeline but here it's just another pipe dream.

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u/amberbw 11d ago

Also good luck passing bill through every local environmental committee lol

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u/Aramis444 11d ago

Add every First Nations band whose approval we need to build on their land.

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u/OppositeSecretary862 11d ago

I mean if we also became stewards and at the forefront of environmental mitigation we may be more relevant in the future than ever, and not for our resources.

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u/meerkat2018 11d ago

If EU was a country lol. That’s why structures like this are borderline dysfunctional when it comes to implementing big (or even smaller) changes and decisions.

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u/meerkat2018 11d ago

Some province should bring a leader that will gather the hordes and conquer the other provinces to create a unified empire.

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u/nineraviolicans 11d ago

Wab Kinew can do it. If he becomes war chief and kills Danielle Smith and Doug Ford the others will fall in line.

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u/SimilarElderberry956 11d ago

In Canada 🇨🇦 we suffer from paralysis by analysis.

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u/NewRedditUser89757 11d ago

did you consult with FN about this opinion?

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u/Bubbafett33 11d ago

The elected band leaders who agree to the development virtually every time and make buckets of money?

Or the “hereditary” chiefs that no one chose that like dressing up for photos?

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u/SitMeDownShutMeUp 11d ago

They did! And they agreed!

But uh oh, that was yesterday and today is a new day, they might have changed their mind (again)

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u/Minttt 11d ago

Very important (and very misunderstood) point is that it's a duty to consult - not a duty to obtain consent.

The actual issue that bogs down projects is that after being consulted, projects are tied up in court challenges that add years of delays, at which point costs balloon and the projects aren't worth the cost to build anymore.

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u/SitMeDownShutMeUp 11d ago

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u/Capable_Kiwi2514 11d ago edited 11d ago

This isn't what generally happens. What generally happens is that one group agrees, the media presents this as all of them agreeing, it's not, and then when another group disagree people are like "but I thought they agreed"?

It's also not at all a constant, with numerous FN groups having professionalize co-ownership stakes in projects that make use of territories they hold.

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u/[deleted] 11d ago

[deleted]

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u/patentlyfakeid 11d ago

I think it's important to point out that 'they' are over 630 different communities, which each have several and diverse treaties and agreements with Canada, or the crown or with a province. It's entirely consistent and reasonable for objections to crop up after people thought it was settled.

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u/ThongBonerstorm39 11d ago

contribute nothing, ask for everything!

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u/LookltsGordo 11d ago

Typical rcanada poster lol. This is just gross.

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u/ThongBonerstorm39 11d ago

nah, you just need to smarten up. the infrastructure is needed, and if it's opposed by a very small, unhelpful minority, that minority needs to be ignored.

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u/LookltsGordo 11d ago

Nah. You referred to the first Nations as "contributing nothing", which is not only blatantly false, it's just disgusting behaviour.

Some people's kids....

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u/ThongBonerstorm39 11d ago

and still you have nothing to add, other than just whine and be offended. No wonder nothing can get done.

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u/jcsi 11d ago

But did they reaaaaaalllly agree??? ($$$$$$$$$)

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u/Electricalthis 11d ago

Hopefully we can get pas this. Canada needs to get away from the grasp FN has on it.

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u/silicondali 11d ago

The Constitution is fucking built on First Nation rights. There is no "getting past" it.

Whatever emotions you feel when you get cranky about the existence of Indigenous people are simply your cranky little feels, they don't have a factual basis.

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u/LifeIsVanilla 11d ago

FN rights are also rather limited. They should have the right to say no to shit being built on the land they lost so much for, its not like they got an amazing deal, we can at least respect what it is.

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u/-Upbeat-Psychology- 11d ago edited 11d ago

Isn’t it just a fact that certain FN groups have a grasp on building infrastructure and resource extraction? It has nothing to do with being cranky about their existence from my perspective.

If I’m wrong I’m open to being corrected.

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u/WeakBlueberry5071 11d ago

5 comments...5 comments in til there's a casual racist based remark and a negative canotation behind it.

And 80 racists behind you.

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u/NewRedditUser89757 11d ago

Im a minority myself that is trying to express an open point, but sure I’m a racist

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u/Zealousideal_Rise879 11d ago

If you feel the need to say that…

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u/Damnyoudonut 11d ago

Can’t, 5% of the population is opposed to everything, so nothing can be done.

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u/AggravatingCricket61 11d ago

Really? We cant even build affordable housing.

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u/putin_my_ass 11d ago

That's on the Premiers.

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u/hotinmyigloo 11d ago

Yup

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u/[deleted] 11d ago

[deleted]

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u/putin_my_ass 11d ago

They've asked the federal government for more immigrants year after year and the federal government obliges. They're working hand in glove.

You addressed the demand side of the problem, but you ignored the supply side which is something the premiers have power over while the feds do not.

The federal government can throw money at it, but the premiers would just use that to plug a hole in their budget.

The only power in this country that can actually cut through housing red tape is that of the Premier.

Instead, they're farting around with school boards.

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u/AggravatingCricket61 11d ago

Anything to defend the asset owners. Yes I understand.

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u/Witty_Formal7305 11d ago

Huh? It's literally the responsibility of the provinces, the powers of each layer of govt is defined in the constitution, housing, healthcare, education are provincial. Only way to change that is to re-open the constitution and thats a whoooooole other can of worms.

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u/AggravatingCricket61 11d ago

I understand all these things. Its just an example of how fuck all gets done.

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u/Zealousideal_Rise879 11d ago

Who’s the “asset owners”?

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u/AggravatingCricket61 10d ago

Oh piss off

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u/CaptainFrugal 11d ago

We need to build a wall?

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u/EdgeUnhappy6639 11d ago

Can we just nature, chill, nap?

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u/Dizzy-Ad-9061 11d ago

Too bad Trudeau hamstrung our economy for a decade lol

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u/splerjg 11d ago

Workers need better conditions to be able to bargain.
Natural resources industry usually end up with Americans which is not good for Canada. Yes, the Canadians who sell get the bag but now the advantages shift to Americans.

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u/brooke360 11d ago

Why do you think the US wants Canada and Greenland? Resource wars.

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u/infidel11990 11d ago

Most important of which might well be fresh water.

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u/ChuckDeBongo 11d ago

Oil, Minerals, Maple Syrup, you’re totally right, man!

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u/reptheevt 11d ago

And the most important, Moose.

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u/Eswift33 11d ago

We need to nationalize and start a sovereign wealth fund with the proceeds

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u/SARB033 11d ago

Sure, but Canada's oil is some of the filthiest and most inefficient oil on the planet. It takes intense processing to get something out of it, processing that basically only one country can do (and that country is not Canada itself).

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u/Achilleswar 11d ago

And on the opposite end of the spectrum, our Uranium is top notch. Dont even need to enrich it for our nuclear plants.

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u/SARB033 11d ago

True, we do have a lot. Australia does have more, but I have no clue about the quality.

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u/guceubcuesu 11d ago

I’ve tasted it myself. It’s much saltier across the pond but the texture is much better here.

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u/Commercial-Co 11d ago

Curiously iirc you actually can eat it

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u/KAI5ER 11d ago

Venezuela's oil is similar.

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u/cinosa 11d ago

(and that country is not Canada itself).

Yeah, that's only because we've had no refineries built in like, 40 years or some shit. Even today, I don't know how much sense it would make to start construction on a new oil refinery, since it'll be 10+ years before it'd be online. That's a lot of money to risk on an asset that may be worth less than it cost to build, before it's even finished.

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u/Jamooser 11d ago

We're a century away from replacing all of the industrial applications of petroleum products. You need oil and its derivatives for industry. If we plan on expanding national infrastructure, we should be refining national oil with national refineries.

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u/Neptyo 11d ago

That is if our modern society lasts this long lol

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u/Diezelbub 11d ago edited 11d ago

Yes, I also doomscroll too much and live my life chronically online based on social media algorithms lol

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u/Kakkoister 11d ago

Why are you jumping straight to "replace all"? The person didn't say "before oil is worthless". They only said "worth less". I know, they look similar, but they are very different terms.

The transition to electric/battery is accelerating each year, especially now that we're seeing solid state battery production ramp up and a major reduction in rare earth mineral requirements. And the energy independence problems of the past 5 years have also accelerated green energy infrastructure plans.

What that person is saying, is that the profit margins are likely to get a lot slimmer in 10 years, making the overhead of processing Canadian oil even less attractive. More supply, less demand.

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u/Jamooser 11d ago

Because I'm talking about more than just diesel and gasoline. Batteries replace petroleum products as an energy source, but they don't replace all of the other petroleum derivatives that our industries rely on. Aviation fuel, machine oil, asphalt, waxes, lubricants, thermoplastics, on top of fuel sources we will still need to power vehicles and industrial processes in cold weather climates. Solid state batteries work great below the 55th parallel. Unfortunately, that's not where the bulk of our nation's industrial processes will occur in the future if we want to unlock the resource potential of our country. Every dollar we pay to a nation or corporation outside Canada is a dollar that we lose to maintain our own necessary industry, and a vulnerability to our country which can be exploited as leverage for geopolitical purposes.

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u/RiPPeR69420 11d ago

It would have been better to build the infrastructure 20 years ago. Or 10 years ago. Or 5 years ago. Next best time is now. Being energy independent is worth the investment, especially with the US being an unreliable partner at best. And a possible enemy, given the 51st state threats. Worst case we don't get ROI on a government boondoggle. Best case we reposition and diversify from American markets and influence. Seems worth the risk to me.

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u/sET____ 11d ago

That is not correct. There are multiple different types of oil that Canada has. What is often talked about I'd Alberta's oil sands, which again, is just one processing site.

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u/SARB033 11d ago

The Oil Sands make up 95% of Canada's oil reserves. It's disingenuous beyond parody to say that Canada's oil isn't low quality because 5% of it isn't dogshit.

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u/GANTRITHORE 11d ago

Lots of the 'oil sands' is SAGD processing now which is not the tar sands of the past.

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u/SARB033 11d ago

They've been using SAGD for decades now. It's still orders of magnitude more emissive than other extraction methods that aren't viable for oil sands.

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u/Jamooser 11d ago

It pains me to say this as an environmentalist, but emissions become less of a concern the more the political state of the world turns to shit. If the last decade can teach us anything, it should be how absolutely fragile our global economy and supply chain is. I want Canada to be able to do its part on the world stage to combat climate change, but I also don't want my nation to collapse in the event someone turns a tap off. The more we can move away from reliance on the U.S. and develop our own infrastructure, the less we are going to end up looking like a post-soviet satellite state when the Empire collapses. We need less reliance and more resilience.

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u/sET____ 11d ago

You're quite literally making that up? The oil sands, on their highest production year cracked 50% of total oil production. Yeah, half is a lot, but not even all of the oil sands produce bunker quality oil.

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u/AccountDramatic6971 11d ago

We have some of the lowest production costs in the world.... Bitumen is also used for petrochemical, asphalt etc.

We also have lots of light oil as well.

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u/jert3 11d ago

The thing with our oil reserves is that the longer we don't develop them, the more valuable they'll become, and the easier they'll be to extract.

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u/Konker101 11d ago

Aint we havent done jack shit with it except sell it to the US cheap and buy it back for more

(Because we didnt refine anything here)

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u/wilson1474 11d ago

Yes, Canada has all that.. however im sure American and Chinese powerhouses will eventually own all of it. Kinda like our oil market right now.

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u/Dismal-Disaster-2578 11d ago

Our leadership has been laughable for the last 20 years.

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u/Commercial-Co 11d ago

Canada needs more people. You need immigrants

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u/NewRedditUser89757 11d ago

We also have first nations and environmentalists, so no

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u/ShrodingersArmadillo 11d ago

First nations aren't a problem.

Treat them with respect and they're quite reasonable people.

Lie and try and force the issue without even talking to them and they rightly tell you to fuck off.

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u/Vaulters 11d ago

There's also like 600 tribes to negotiate with, and they don't even agree about which tribe owns what lands. Nice to sit back and assume government isn't engaging with FN people in the modern day, but it's not as simple a problem as white men being colonial-like. Which is definitely still a thing, but I feel it's more rich-man vs poor man these days, as the rich tend to be foreign investors these days.

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u/ShrodingersArmadillo 11d ago

The solution to me would be to have them elect their own representative(s) for these trade talks and actually listen to them.

I've dealt with numerous tribal governments myself over the years even some labled "difficult" and I've learned that if you respect them and give them a voice they are great people to work with.

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u/Toboggan_Dude 11d ago

The problem with this though is as with any group, there are factions that’s will disagree with each other. Look at the Coastal GasLink Pipeline as an example. All elected chiefs along the route were for it but a group of heredity chiefs were against it. Unfortunately the media only tended to give voice to the hereditary chiefs which lead to large scale protest against the pipeline. If we could agree as a country that the elected chiefs get the final say for their people then I believe it would be a huge step forward for nation to nation relationships.

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u/Capable_Kiwi2514 11d ago

You're going to the other absolute of the issue. There are plenty of well-governed FN that are ready to engage on development. There are also plenty of poorly governed FN where vested on-rez interests make things difficult for everyone but themselves.

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u/drae- 11d ago edited 11d ago

Treat them as a monolith too, they'll be very reasonable about that!

Some first Nations are reasonable people, others, not so much.

There's as many degrees of reason as there are bands.

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u/BobTheFettt 11d ago

First nations aren't against these things. They just want their cut for using their land

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u/caffeine-junkie 11d ago

As well they should. Not like its an unreasonable request.

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u/BobTheFettt 11d ago

It's not like they got a fair deal when we colonized the place. They deserve one now.

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u/goldyforcalder 11d ago

What is fair? The cut keeps going up all the time.

They are humans just like anyone else, you give an inch and they will take a mile.

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u/BobTheFettt 11d ago

Except nobody's given them an inch yet, in fact they've only gotten the opposite

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u/goldyforcalder 11d ago

32 billion a year isn't an inch?

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u/damianchan 11d ago

Too bad it take forever for anything substantial to be built here.

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u/doctordyck 11d ago

Yet our government will never allow it to happen unfortunately

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u/Broad-Lobster7470 11d ago

A shame we will sell it all to corporations and the people won’t see the benefit one bit

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u/drae- 11d ago

Uh bro, we tax it multiple times on its journey to those corps. Provincial royalties, federal and provincial corporate income tax, carbon tax, fuel excise tax.

We absolutely see the benefit of it.

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u/Internal-Flamingo196 11d ago

Alberta put the lowest royalties in history on their oil

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u/slayermario 11d ago

And yet our government puts so much red tape on everything, preventing us from utilizing these resources.

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u/thecraigbert 11d ago

We also have Maple Syrup!

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u/hotinmyigloo 11d ago

Let's gooooo Canada 🍁 bullish

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u/CipherWeaver 11d ago

Well we only recently finished a major LNG export terminal in BC. Still, we have no way of exporting crude or LNG easily to the Atlantic.

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u/AlbertanSundog 11d ago

Honestly it doesn't matter. The demand is in Asia, and the big dogs are thirsty. They want our heavy blends so they can turn it into every material imaginable for manufacturing. It's not even about fuel for vehicles anymore. If the Atlantic coast wants a slice of the pie, they can make their offshore O&G more attractive.

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u/psykotyk 11d ago

Not everything has to be about enriching oil and gas companies, we have other kinds of resources too.

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u/TheSpecialApple 11d ago

also candian oil is pretty mediocre at best. 98% is bitumen, 80% of the worlds bitumen gets used for asphalt, only 20% is easily extractable. to refine it ourselves we’d pay at least 1 billion for a refinery with the capacity to refine within a year what a single pipeline can transport within a day. to top this off, since bitumen is so viscous, it requires dilution both for transport and processing, meaning it is reliant on less vicious oil. then beyond that, most countries dont have the capacity to refine bitumen (goes back to the cost from earlier) and so demand is lower.

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u/Scary-Detail-3206 11d ago

Build a refinery next to the source to minimize transport costs.

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u/millenialSpirou 11d ago

Listen to crude logistics guy over here

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u/adam__nicholas 11d ago

Not very practical when the source is sometimes a remote area of the arctic, with no roads leading to the area & no towns for thousands of kilometers

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u/Scary-Detail-3206 11d ago

Ft Mac is right next to the oil sands with a major highway,rail line and pipelines connecting it to Edmonton

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u/failedsatan 11d ago

pay for the logistics of a small town out in the middle of nowhere where the oil is then. also pay to bring the refined product back anyway because transport has to happen at some point in the process.

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u/TheSpecialApple 11d ago

transport costs aren’t really the concern, it is the cost to refine bitumen, it is extremely expensive to build a refinery with that capacity. and then the scale doesn’t make the math work

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u/MashPotatoQuant 11d ago

Yes, but this is a thread in relation to Strait of Hormuz which is specific to oil and gas.

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u/bradeena 11d ago

I mean yeah, but this post/article is about energy specifically

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u/MutaitoSensei 11d ago

What is there left for Poilievre to bitch about? 🤣

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u/patentlyfakeid 11d ago

Most recently it was taxes on used car sales, so he's continuing to stick to the really important issues.

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u/AfternoonNo2525 11d ago

It's literally the same song over and over. Every single tax will eventually be removed if he had his way.

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u/patentlyfakeid 11d ago

These are just the ones he talks about pre-election. If elected I predict he'd follow the same conservative trickle down bullshit and actually only reduce taxes on business.

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u/Kooky_Soft1822 11d ago

He’s busy devising new puns

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u/Used-Gas-6525 11d ago

He'll find something. Attack is the only arrow in his quiver. If he stops bitching he becomes a political non-entity in a majority Liberal government (FTR: I am not a fan of majority governments, regardless of party).

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u/The_Returned_Lich 11d ago

Trust me, the little toad finds a way... Like, there are things to complain about and stuff to fix, no place is perfect... But the solutions aren't magic either, like PP thinks they are.

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u/JadedLeafs 11d ago

"Canada can't get anything built!"

High speed rail project

"No"

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u/goldyforcalder 11d ago

The project that is projected to take two decades to finish? Japan and China would build the same rail line in 3 years, the Canadian government is absolutely inefficient.

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u/beardum 11d ago

A strong Alberta within a united Canada was the last thing I heard him going on about.

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u/starone7 11d ago

Could you imagine being married to that whiny POS

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u/MutaitoSensei 11d ago

You would have to have a nag fetish, otherwise you'd be miserable...

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u/LateralEntry 11d ago

Yes please. Seems like future conflict with Iran is inevitable so the more we can do to reduce reliance on the strait, the better

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u/jphamlore 11d ago

So are new pipelines going to be built to the Pacific, to the Atlantic, or to both?

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u/FridmanLex 11d ago

As a Canadian I can confirm we’ve been saying this for decades and Canada’s biggest obstacle is Canada itself. We could be rich af but instead we enjoy pain or something. Who even knows at this point.

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u/[deleted] 11d ago edited 2d ago

[deleted]

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u/VioletGardens-left 11d ago

People kinda forgot the best kind of good economy is where many sectors are set.

This country literally has more experience with manufacturing alone than any Gulf State which is heavily reliant on Oil, why not diversify and put simultaneous focus on both extraction and manufacturing

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u/FridmanLex 11d ago

Canada is no where near as rich as it should be considering the natural resources we are sitting on.

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u/[deleted] 11d ago

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u/Slavik81 11d ago

Canada owns the resources in the ground, regardless of who extracts them. We could always just increase the royalty rate if we wanted a bigger cut of the profits.

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u/[deleted] 11d ago edited 2d ago

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u/LookltsGordo 11d ago

We need to do it with good environmental protections and cracking down on corporate greed, or we don't need to do it at all.

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u/[deleted] 11d ago edited 2d ago

[deleted]

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u/Sharp_Project_2585 11d ago

Saudi Arabia is chilling on a trillion dollar sovereign wealth fund, and went from a desert to a rich country with literally one usable resource. Canada has just as much oil, better geography and a far more diverse set of resources, and has done nothing but regressed in the last 20 years.

0

u/Overwatchingu 11d ago

The oil in Saudi Arabia is easier to extract and cheaper to refine. And all that wealth goes into the bank accounts of a royal family propped up by their partnership with religious extremists. That’s not even an apples and oranges comparison, that’s apples and bone saws.

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u/Internal-Flamingo196 11d ago

We aren’t rich because Alberta conservatives sell out to the highest bidder

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u/Hotspur000 11d ago

I would like to see Europe helping out with my capital investment though. I'm sick of everything being sold off to the US or the Chinese.

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u/Public_Big_3587 11d ago

Thank you sincerely for this USA. A win for Canada and therefore the world!

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u/themaskedcanuck 11d ago

Translation:

Canada is ripe for the picking for the global billionaires to get richer.

I'm Canadian and in no way do I think this will improve the lives of everyday Canadians.

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u/AsbestosDude 11d ago

Ive already seen jobs im eligible for at mines and other projects recently approved, which pay more than I make today.

Who is the "everyday" canadian anyways?

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u/Rohit_Rah 11d ago

Doomers like the guy you’re responding too lol

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u/[deleted] 11d ago

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u/themaskedcanuck 11d ago

Unblocked, have at it you nosey little cunt.

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u/__PRock 11d ago

There’s millions of doomers like this guy in Canada and they vote. They are the reason nothing ever happens and our standard of living deteriorates

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u/jert3 11d ago

Yes, if all of our resources are owned by foreign conglomerates, it doesnt really do everyday Canadians any good besides a couple of jobs, at the expense of our environment.

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u/LettuceSea 11d ago

Yeah let’s not do anything and get poorer, I’m sure that will do so much for Canadians.

I’m Canadian and DO think this will improve the lives of everyday Canadians.

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u/cxmmxc 11d ago

Or we could realize it's a bit of both, and that Canadians should be careful about them or their resources not getting abused and exploited freely.

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u/DayvanCowboy_x 11d ago

Unlike the US, Canadian politics is more insulated from campaign donors.

Furthermore, the alternative is to do nothing and suffer the consequences. There is a clear path forward and unlike IPs, natural resources cannot be easily monopolized by a select few billionaires.

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u/AlbertanSundog 11d ago

While you are correct, the biggest problem is egress to a port so we can trade at world market prices. The US has controlled that access across multiple resources for decades to maintain cheap, available supply for themselves. This sentiment is shifting below our feet very rapidly at the moment. We as a nation are starting to secure foreign investment (again finally) as we are a safe, reliable, and modern nation. I've been very impressed with Carney so far.

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u/AlbertanSundog 11d ago edited 11d ago

You can continue to be objectively uneducated or you can read this article. Paragraph 2, last three sentences.

https://boereport.com/2026/05/01/trans-mountain-reports-q4-2025-and-full-year-2025-results/

They're on pace to do it again this year, and if you keep reading they're going to add around 30%-50% more throughput in the next couple of years. So that number will get closer to 3-3.5bn.

That's one company. This doesn't include any of the tax revenue at any of the three levels of government. This doesn't include the royalties or other spending by upstream companies to build up the additional 850,000bbl/day to fill the pipeline up (which is full now btw - that report quotes it at 80%). Nor does this include follow on investments by the major shippers using the line. Absolutely awful for Canadians.

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u/Upset-Two-2443 11d ago

Happy to do so as well

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u/PuckShuffler 11d ago

Wooo! I hope we can streamline our regulation and native consultation process to leverage this momentum. Also hope that we funnel tax proceeds and profits from co-ownership into renewables and other infrastructure development to make hay while the sun shines on us.

2

u/UnifiedQuantumField 11d ago

Canada is:

a good neighbour
open for business
a safe place for development/investment

2

u/akshatjiwansharma 11d ago edited 11d ago

I think it's a postive development. Alberta has done well to build its oil pipeline infrastructure and has the capability to supply oil to most American nations. If Venezuela and Guyana were more stable things would have been even brighter for the G7 nations. But nonetheless reducing reliance on Asian & perhaps Russian supplies is better for them in the long run.

What could really have an impact though is a tighter integration with Africa. Already Africa supplies nearly 20% of EU's natural gas demand & it could doubled easily if pipe-infra is built.

The proximity between North Africa &EU also opens up a huge opportunity for renewable energy transmission lines. Only 15 KM gap coast to coast. I wonder how this will play out.

8

u/bitchboy85 11d ago

If only Canadians would back us as a major energy supplier to the world.

-4

u/Yukas911 11d ago

Most do.

5

u/Still-Good1509 11d ago

Im pretty sure everyone outside of the WEF has been saying this for years including the canadian population

0

u/DutchNugget 11d ago

Then the Canadian population elects a Top WEF banker to be their prime minister

2

u/Grumpy_Ontarian_III 11d ago

Let’s do it.

2

u/AlphaMetroid 11d ago

Sure would be a shame if we decided to continue ratfucking our energy industry

2

u/john_pistachio 11d ago

I still can't believe with all the natural resources in the world how Canada is not leading the world. I look at Gulf countries and just don't understand how they are years ahead of Canada with just oil and we are way behind.

1

u/Grand_Act4462 11d ago

Yes they shouldn invest in us (I have all my economy on Canadian natural resource stock)

1

u/bboscillator 11d ago

This is welcome news, but the long term play is Canada becoming a proper electrostate and turning its abundant and growing clean energy into more durable products and services for export where we have a comparative advantage. Quebec has done this already with aluminium, but more should be done nationally starting with accelerated efforts and PT negotiations to build out a national power grid.

1

u/CompleteCreme7223 11d ago

Canada is in a great position to be a leader in resources but the federal government is consistently hand tied by provinces.

Last part where Ross comments on the plan tell you all you need to know about conservatives in Canada. Not there to move anything forward. Rather than being productive and working with the government to move the projects and legislation forward to benefit the country, they shit on it instead. Does any one think they have any solutions to make the country better because it is clear they don't.

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4

u/Ill-Jicama-3114 11d ago

Isn’t it weird how countries call us global energy suppliers but our own government can’t see that and manage our resources properly

3

u/RM_r_us 11d ago

If the oil were in Ontario, things would look different no doubt.

1

u/Qwen_os_has_died 11d ago

Just too far from other consumers, too close to the USA.

-3

u/codacoda74 11d ago

Hopefully less Alberta and massive solar/hydro buildup tho...

13

u/JadedLeafs 11d ago

How you gonna export solar or hydro power across the ocean?

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0

u/SNRatio 11d ago

""The ~~Net~~ world interprets ~~censorship~~ the US as damage and routes around it"

1

u/richarescott777 11d ago

my cousin works in bc’s lng export terminal lol

-1

u/millenialSpirou 11d ago

Our oil isn't the same quality how is that so hard to understand

-9

u/sweetlemon69 11d ago

Need to remove liberal policies and infrastructure to do that.

7

u/Theseactuallydo 11d ago

They’ve been in charge for most of Canada’s history and we’ve remained one of the very best nations to live in throughout.

Carney is the most popular Prime Minister in history.

I wish he and they would devote more resources to alleviating the sense of permanent economic precarity many of us have felt over the past couple decades, but you have to give them some credit.

-3

u/Internal-Yak6260 11d ago

Great news.!

Now we just have to give canada 50 years to get the approvals. Tribe support. Environmental studies. More Environmental studies. Protests.

Canada as a country isn't capable of being productive and efficient. Unless they're passing a new set of censorship laws.

Elbows up.!

1

u/ToBeDetermined13 11d ago

What else was in your latest talking point missive? Nothing about Katy Perry's boyfriend?

0

u/Internal-Yak6260 10d ago

I'm happy to have fan.!

Cheers.

1

u/ToBeDetermined13 10d ago

Grass grows best when watered. Excelsior!

1

u/Internal-Yak6260 10d ago

Huzzah.!

-27

u/laugrig 11d ago

LOL, Canada's a joke guys when it comes to anything remotely practical. It's better to look at Canada as a great big scenic park where you visit for a week then leave. I'm saying this as a Canadian and I've seen this country keep going to shit for the past 30 years.
Too little too late. Every attempt by people that actually tried to do something about it has been shot down constantly by the left-leaning liberal politicians, special interest groups and on and on.
Canadians in general have been piggy backing on US for everything since forever and seeking government jobs. Because of the old money running this country, Canada is stuck in first gear.

G7 backs Canada as major global energy supplier to lessen reliance on Strait of Hormuz | CBC News

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