In light of news that the new Major Projects Office is due to be launched this week, and comments that prime minister Mark Carney and others have been making about the possibility of an LNG terminal at the Port of Churchill, Manitoba, it behoves me to once again bring up energy economist Andrew Leach, who has a giant reality check for everyone saying this is going to be a thing. It’s not—unless we want to spent billions of taxpayer dollars on a money-losing exercise, that is. Which is not what this whole drive toward expanding resource extraction is supposed to be about.
That said, I think that Leach is ultimately correct here—that Carney and his brain trust have spent too long reading the Conservatives’ talking points about resource development and have believed them to be true, which they obviously are not. But when you have legacy media in this country just completely uncritically regurgitating the talking points from the Conservatives and Danielle Smith, and reporters and political talk show hosts just uncritically mocking the “no business case” line about why we don’t have LNG terminals on the east coast without talking to a gods damned energy economist about why that didn’t happen, well, of course it becomes easy for someone like Carney to just uncritically believe this nonsense, because that’s all that’s being presented. Justin Trudeau and his Cabinet couldn’t actually articulate why there was no business case (because “if you’re explaining, you’re losing,” so they never explained anything), and trusted the media to do it for them, which media wasn’t going to do, and could barely be arsed to even both-sides that particular issue. And this is where we are today, and Carney is going to be forced to take the loss on this one, because Liberals refuse to take Conservatives to task for their bullshit.
Speaking of, Pierre Poilievre was in Charlottetown, PEI, to decry that the incoming clean fuel regulations are “Carney’s Carbon Tax 2.0,” even though Trudeau’s government put through those regulations years ago, they’re not a tax, and associated costs are not going into government coffers, but simply businesses passing along the costs of reducing their emissions. It’s the same brand of dishonest bullshit that he trades in, and even some Conservatives are getting tired of it, telling the National Post that he’s become a caricature of himself. So, way to go there.
Ukraine Dispatch
There was a massive Russian drone and missile attack on energy infrastructure across six regions of Ukraine in the early morning hours, looking in part to exacerbate an existing has shortage. Russia also says that they object to the European proposals around security guarantees, which is not a shock at all.