Juno News - Michael Campbell says Ottawa was wrong to reject LNG exports to Europe

00:00:00.000 We take a look at what's going on right now down south.

00:00:02.960 We take a look at this ongoing trade war that's going on, this tariff war.

00:00:06.900 And there's all this, you know, silly childish language of elbows up and we should be best friends.

00:00:12.180 And like, I don't care.

00:00:13.660 Like, quit talking like an eight year old.

00:00:15.120 What I care about is the fact that we've got billions and billions of dollars on the line here.

00:00:20.900 We're not getting along with our biggest trading partner.

00:00:24.280 And all we need to do is look.

00:00:25.560 look at what the deals are that US President Donald Trump is doing here. He's finding deals

00:00:32.340 for his natural resources. He's convincing megacorporations to do business in the United

00:00:38.500 States. Apple for one. And I'm taking a look at what's going on in Ottawa. I am not seeing the

00:00:45.000 same up to snuff work going on here. I got to ask you because I'm not a business person. You

00:00:50.500 understand this world? Is there a market demand around the world for Canada's natural gas? Would

00:00:57.200 they buy it if we had it ready to go? Well, I think the best story we've had economically in

00:01:02.480 the last short while has to be the first shipments of LNG going to Asia. The first boat went, of

00:01:09.240 course, and it did get some coverage. I think another three, though, are leaving right now.

00:01:13.300 So there's a huge appetite. Also, it's become a recognition that if you really want to,

00:01:18.540 if your big worry is global emissions. Well, natural gas is far superior to coal. And so if

00:01:26.000 we can ship and get China off coal, for example, that'll have a monstrous impact. But then on the

00:01:31.260 other side, Prime Minister Trudeau famously said there was no business case looking at supplying

00:01:36.660 Europe. I mean, I think it was very short-sighted, but I also look at what the US has done recently.

00:01:41.920 They've signed some major deals for LNG going there. Just that it was such a glib statement,

00:01:47.880 a glib attitude that was born out of their ideology of no fossil fuels well that's proved

00:01:52.680 incorrect and as i say thank goodness we're doing something out of the west coast could have been

00:01:56.840 easier but happy to see it happy to see there is a kinder morgan despite the fact that you're

00:02:01.400 absolutely accurate i think the the numbers they were throwing around when uh trans mountain sorry

00:02:06.760 pardon me trans mountain kinder morgan was talking about seven eight billion dollars it ended up 34

00:02:11.720 billion. But you know what? It still makes sense because up till then, we were forced to sell so

00:02:18.480 much of our oil coming out of Alberta at a discount, Western Canada Select. Well, that

00:02:23.380 discount shrunk dramatically because now we can access other markets. So I think in the end,

00:02:29.140 yeah, I'm not happy about spending about 25 billion more than we thought, but it still makes

00:02:34.440 sense economically. And so would another pipeline. And that's what they're talking about. But as

00:02:40.760 people will certainly are aware of. BC Premier David Eby made the comment, no pipelines on my

00:02:46.520 watch. Absurd. But anyways, it's there. But yeah, so that's the challenge. There is an LNG market.

00:02:53.240 There is a market for our energy.

Juno News - August 11, 2025