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The agreement between the prairie provinc- es provides a new platform to advocate mutual interests at the federal level. The vision of building nationwide connected cor- ridors to transport any number of commodities including oil, gas, hydrogen, forestry products, fish, and manufactured goods has been cham - pioned by many, including Indigenous business leader Chris Sankey. “This is good news for prairie provinces, and I’m hoping British Columbia will come on board,” said Sankey, CEO of Blackfish Enterprises, and former elected councillor of the Lax Kw’alaams First Nation near Prince Rupert. “For us to start working together, I think it’s important that Indigenous people are at the table.” Indigenous communities are the solution when it comes to building economic activity in their ter- ritory, said Sankey, adding that Indigenous par- ticipation to improve transportation corridors creates an alignment that can de-risk projects. “I would say to our leaders, we need to start thinking globally and acting locally,” he said. Canada’s challenges delivering energy to interna- tional customers are raising questions about its ability to supply other commodities, said Dade. Canada has yet to deliver a single LNG export shipment, while the global LNG sector thrives. The U.S. has become one of the world’s largest
LNG exporters. In 2022, Germany signed a 15-year LNG supply deal with Qatar after German chan- cellor Olaf Scholz ended a visit to Canada without a commitment on LNG supply. “We currently cannot have rational conversations about moving energy in this country, partially because we have those conversations in isola- tion,” said Dade. “Each transport project, each sector, each bottleneck gets its own conversa- tion. In a country with integrated supply and pro- duction chains where everything impacts every- thing else.” According to the latest industry outlook, global LNG demand is expected to exceed 700 million tonnes by 2040 from its 2022 level of 397 million tonnes. The growth is driven by emerging Asian economies seeking to curb emissions by reducing reliance on coal-fired power. Canadian LNG is expected to have among the world’s lowest emissions per tonne due to a colder climate, lower methane emissions from natural gas production, and the use of hydroelec- tricity to power operations. In February, representatives from Japan and South Korea stressed that Canada should accel- erate LNG development, saying “the world is waiting.” “Canada can and should play a very important role to support the energy situation not only in Japan and South Korea, but the world,” said Yama- nouchi Kanji, Japan’s ambassador to Canada in a webinar hosted by the Canada West Foundation.
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VOL 23 ISSUE 2 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • VOL 23 ISSUE 2
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