GOLDSTEIN: Carney’s claim he wants to make Canada energy superpower is suspect
The problem with Prime Minister Mark Carney saying he wants to make Canada an “energy superpower” in both conventional and clean energy is that Canada is already a superpower in conventional energy.
We’re the world’s fourth largest producer of oil and fifth largest producer of natural gas.
The problem is that when it comes to exporting our oil and natural gas to anywhere but the U.S., we’re a 10-pound weakling.
Last year 97% of our oil exports and all of our natural gas exports went to the U.S. at a huge discount because it’s our only customer, costing the Canadian economy an estimated $25 billion a year.
Before we can address that, we have to build up our energy infrastructure, and the key to that is to build more pipelines and processing and refining plants, so we can get our vast landlocked oil and natural gas resources from western Canada to tide water........
© Edmonton Sun
