Michael Campbell says Ottawa was wrong to reject LNG exports to Europe
Episode Stats
Harmful content
Toxicity
1
sentences flagged
Summary
We take a look at what's going on down south, the trade war, the pipeline project, the LNG exports to Asia, the Kinder Morgan pipeline project and much, much more. We also talk about what's happening in the rest of the world and why we should be worried.
Transcript
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.
00:00:15.120
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.
00:00:25.560
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.