00:00:12.220While the United States continues to treat its longtime ally as an enemy,
00:00:15.940Canada has been looking for other customers for its vast supply of natural resources
00:00:19.540and has finally found an unlikely buyer, a company based in Germany.
00:00:24.080Pretty soon, Canada will be shipping 2 million tons of clean Canadian energy to Europe every year.
00:00:29.180Let's watch this clip from CBC together, and I'll explain why this is great news for Canada.
00:00:59.180That's roughly enough power to power around 3 million homes.
00:01:04.080Now, you know, Germany would not seem like a most likely partner for British Columbia in this deal, just judging off geography.
00:01:13.840But many European countries are looking to source their gas from other areas after the war in Ukraine began, as they were mostly sourcing that natural gas from Russia.
00:01:24.480And this is, you know, a second deal of its kind.
00:01:28.240And earlier in May, the German government-owned company securing energy for Europe
00:01:33.560signed a long-term agreement to buy 1 million tons of LNG per year
00:01:38.140from the Silasim plant for up to 20 years.
00:01:42.120Have a listen to Energy Minister Adrian Dix from earlier this morning.
00:01:47.780I can't say, if you look at the economic history of B.C.,
00:01:50.920that the creation of a new industry that's essentially world-leading
00:01:53.420amongst the leaders in the world in such a short period of time,
00:01:56.740This is not a regular occurrence in the economy of any nation.
00:02:01.620And so for us, it's a significant achievement.
00:02:03.880And the way we're doing it, a project owned and led by our treaty partners in the Nishka Nation,
00:02:10.860boy, that's a message to the world that this is the place to invest.
00:02:16.760And Troy, what is the status of the Silasim's LNG plant?
00:02:20.060When do we think that it could actually come online?
00:02:21.960yeah leanne so that floating plant uh if it comes online would export up to 12 million tons of lng
00:02:31.120per year on the site on parse purse island near the alaskan border houston-based uh western lng
00:02:39.060they're the lead developer and the future operation operator of silasims alongside the
00:02:44.580nation whose land the project would be on the 10 billion project has regulatory approval but the
00:02:51.040partners have yet to make a final investment decision. But these procurements and these
00:02:56.720deals they've been signing are led to believe that they will encourage that future investment
00:03:01.920and hopefully see that come online in roughly 2028 or 2029. When Carney said that the old
00:03:07.440relationship with the United States was over, he meant it. Canada now plans on selling over
00:03:12.020half its natural gas to countries besides the United States. Carney is serious about making
00:03:16.640Canada an energy superpower. It appears this hard work advertising Canada as such is providing
00:03:21.680results because Germany is not the only non-American country that is interested in
00:03:25.560doing more business with Canada. Canada has been selling LNG to Japan. As the Strait of Hormuz
00:03:30.620remains closed, Canada has begun shipping crude oil to her friends in East Asia. This comes as
00:03:35.140Carney spent time strengthening the trade relationship between both countries. The
00:03:39.060Japanese have been begging for access to Canadian energy and Carney is happy to provide. Canada has0.99
00:03:44.700also opened the doors to Chinese electrical vehicles. Under the previous government, there
00:03:48.320was a 100% tariff on Chinese electrical vehicles. Carney scrapped that tariff and reversed their
00:03:53.720Trudeau-era policy. Now, Chinese EV makers are preparing to sell their cars in Canada.
00:03:58.580This is just part of Carney's plan to increase cooperation with the People's Republic. This
00:04:03.380gives Carney a lot of leverage when dealing with America. Carney's hard work making deals with
00:04:08.080other countries, it's paying off. Canada experienced a 0.3% growth back in May. And that
00:04:14.380exceeded the expectations of experts. People thought that the Canadian economy would collapse
00:04:19.060due to a trade war with the United States. But that didn't happen. We're growing. As Trump
00:04:24.600continues to burn bridges, Carney continues to help Canada reach its potential. This is just
00:04:29.520the start of a new era of Canadian excellence. Thanks for tuning in. Talk to you next time.