{"id":368460,"date":"2025-03-03T20:21:14","date_gmt":"2025-03-03T19:21:14","guid":{"rendered":"https:\/\/climatescience.press\/?p=368460"},"modified":"2025-03-03T20:21:16","modified_gmt":"2025-03-03T19:21:16","slug":"on-energy-carney-the-wrong-man-at-the-worst-time","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=368460","title":{"rendered":"On Energy, Carney the Wrong Man at the Worst\u00a0Time"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Science Matters<\/a><\/p>\n\n\n\n

\u00a0By\u00a0Ron Clutz<\/a><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Geoff Russ explains at his National Post article When it comes to energy, Carney is the wrong man at the worst time. <\/strong><\/a> Excerpts in italics with my bolds and added images.<\/p>\n\n\n\n

The world is moving on from global climate goals to more pressing matters<\/strong><\/em><\/p>\n\n\n\n

Even if only for a matter of weeks, Mark Carney<\/strong> is likely to become prime minister of Canada when this Liberal leadership race concludes. His vision<\/strong> for the country is rife with climate strategies and schemes<\/strong> belonging to a world<\/strong> most can remember, but that no longer exists.<\/strong><\/em><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

The world has moved on. International accords such as the 2015 Paris Agreement, cooperation between financial institutions on\u00a0climate goals, and more carbon pricing are no longer priorities for Canada in 2025.<\/strong>\u00a0Canada is not a superpower, no serious person would say differently, and we have to swim in the global current of change.<\/em><\/p>\n\n\n

\n
\"\"
Trudeau was not prepared for Trump\u2019s bargaining style.<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n

This doesn\u2019t mean bowing to the whims of an unpredictable strongman, but it does require recognizing that the Obama world of liberal internationalism and high-minded ideals is gone<\/strong>. Whatever chance it had of enduring died with Joe Biden\u2019s presidency.<\/em><\/p>\n\n\n\n

Russia\u2019s invasion of Ukraine in 2022 had already scrambled world energy supply lines,<\/strong> and Trump\u2019s return<\/strong> to the White House, along with the rise of AI technology, have changed everything.<\/strong><\/em><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

AI in particular has been one of the biggest shifts since Carney\u2019s days as a central banker. The astonishing and rapid growth of AI<\/strong> has resulted in eye-popping demands for energy, with data centres set to consume more electricity<\/a> than entire cities.<\/strong><\/em><\/p>\n\n\n\n

Grids<\/strong> will be pushed to their limits. This spells danger for Canadian provinces like British Columbia<\/strong>, whose hydroelectricity regime can no longer reliably supply<\/strong> its economy and population. For consecutive years now, BC Hydro has been forced to import<\/a> energy from Alberta and the U.S., the latter of which may soon be subject to counter-tariffs and other heightened costs.<\/em><\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Carney\u2019s ideas<\/strong>\u00a0about<\/strong>\u00a0the climate and the so-called\u00a0\u201cenergy transition<\/a>\u201d are at odds with his promises<\/strong>\u00a0to grow the use of AI in the public service and future economy. Canada will have to build many data centres to keep up with other G7 countries, but where will their energy come from?<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Nuclear energy is the most commonly cited solution, and several American big-tech giants have made plans to use small modular reactors (SMRs) to power the data centres.<\/strong> Once built, nuclear power provides an abundance of cheap, low-emitting, and reliable energy.<\/em><\/p>\n\n\n\n

B.C.<\/strong> has standing laws<\/strong> that prohibit the building of nuclear generators<\/strong>, and the provincial NDP government unambiguously rejected the possibility of changing that. In the meantime, wind and solar will not cut it<\/strong>, both being subject to weather patterns that make them unreliable and insufficient.<\/em><\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

The best alternative is natural gas,<\/strong> 1,368 trillion cubic feet of which sits beneath the feet of Canadians and can serve as an abundant source of power<\/strong> for the modern economy. Unfortunately, Carney\u2019s ideas about carbon pricing would fall directly on the producers<\/strong>, making it far more expensive while deterring investment.<\/em><\/p>\n\n\n\n

Trump is an unabashed economic nationalist, and Canada needs
to make itself competitive and attractive to
both energy and technological investment.<\/strong><\/em><\/p>\n\n\n\n

Canadian natural gas is more important than ever<\/strong>, both for the country and the world. After Russia invaded Ukraine, EU countries had to rapidly seek new, stable suppliers of energy to replace the massive Russian gas imports that supplied much of the EU.<\/em><\/p>\n\n\n\n

The war revealed how energy security amongst friends and allies<\/strong> was just as important<\/strong> as emissions reductions, if not more so. Canada\u2019s first opportunity was squandered when the Liberal government rebuffed European calls for Canadian LNG as having \u201cno business case\u201d.<\/strong><\/em><\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Germany has been forced to turn back to coal as a power source as energy bills surge, driving German automobile manufacturers to close down<\/strong> some of their plants. Canadian LNG exports need to be prioritized<\/strong> for domestic use and exports abroad, and insisting on slapping punitive carbon taxes on the industry is against Canada\u2019s interests.<\/em><\/p>\n\n\n\n

Another challenge to Canada\u2019s economic future is the recently proposed, $44 billion USD LNG project in Alaska.<\/strong> Envisioned as a joint US-Japanese, the project would establish Alaska as the leading LNG exporter to Japan, one of the world\u2019s largest importers of natural gas.<\/strong><\/em><\/p>\n\n\n\n

If completed, the Alaska LNG project would be a direct threat to BC\u2019s natural gas industry.<\/strong> One of the major projects, Cedar LNG in Kitimat, is set to come online<\/a> in 2028, followed by two more in Squamish and near Prince Rupert. B.C. has a good head start, but the US and Japan plowing ahead with $44 billion LNG deals should be a wakeup call to Ottawa.<\/strong><\/em><\/p>\n\n\n\n

An LNG export deal with Japan<\/strong> of similar value should be completed while American LNG still has to pass through the Panama Canal<\/strong> to get to Japan, not after it starts being shipped from Alaska. Taxing natural gas producers will slow potential projects down and make Canada less competitive.<\/em><\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

Canada cannot diversify its trading partners if<\/strong> the U.S. is allowed to overtake our industries<\/strong> and slowing<\/strong> it down with carbon taxes and Canada\u2019s onerous regulatory regime<\/strong> in the name of outdated climate movements is a gift to President Trump.<\/em><\/p>\n\n\n\n

Like it or not, major international initiatives live or die
<\/strong>depending on American involvement. This was true of the
Trans-Pacific Partnership (TPP), and it is true of NATO.<\/strong><\/em><\/p>\n\n\n\n

Mark Carney\u2019s own attempts<\/strong> to forge agreements such as the Glasgow Financial Alliance for Net Zero (GFANZ)<\/strong>, which has been abandoned<\/a> by major American and Canadian banks and financial institutions, have collapsed<\/strong>. Canada needs to prioritize building up our own internal energy infrastructure and making it as competitive and attractive to investors as possible.<\/em><\/p>\n\n\n\n

This is the age of nationalism,<\/strong> and we should recognize the opportunities it will bring to Canada. If Carney\u2019s pledge<\/strong> to make Canadians \u201cmasters of our own house<\/a>\u201d means trying to captain toothless climate accords and drive away investment, then he should not be the head of our house.<\/strong><\/em><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Even if only for a matter of weeks,\u00a0Mark Carney\u00a0is likely to become prime minister of Canada when this Liberal leadership race concludes. His\u00a0vision\u00a0for the country is\u00a0rife with climate strategies and schemes\u00a0belonging to\u00a0a world\u00a0most can remember, but\u00a0that no longer exists.<\/p>\n","protected":false},"author":121246920,"featured_media":368484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820083,691828206,691833621,691818618,691824698,691820492,691822517,691818728],"class_list":{"0":"post-368460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-canada","9":"tag-carbon-pricing","10":"tag-climate-strategies","11":"tag-energy-transition","12":"tag-mark-carney","13":"tag-paris-agreement","14":"tag-small-modular-reactors-smrs","15":"tag-wind-and-solar","17":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0Feds-say-solar-panels-pose-%E2%80%98significant-pollution-risk-in-landfills-but-recycling-them-is-too-costly.jpeg?fit=1200%2C799&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1xQU","jetpack-related-posts":[{"id":415502,"url":"https:\/\/climatescience.press\/?p=415502","url_meta":{"origin":368460,"position":0},"title":"Carney Directs Canada Pipeline\u00a0Charade","author":"uwe.roland.gross","date":"01\/12\/2025","format":false,"excerpt":"Had the Great Smith-Carney Pipelines and Climate Pact of 2025 emerged say, five years ago, it would have been considered squarely within the realm of Liberal environmentalism. 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Thermal coal prices are off the charts, with record demand driving record prices: Australian\u00a0thermal coal prices recently hit $US$400 ($548 a tonne),\u00a0with prices still on the rise. The crowd that tells us that we\u2019re only a heartbeat\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0fire-out.webp?fit=849%2C574&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0fire-out.webp?fit=849%2C574&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0fire-out.webp?fit=849%2C574&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/0fire-out.webp?fit=849%2C574&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/368460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=368460"}],"version-history":[{"count":8,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/368460\/revisions"}],"predecessor-version":[{"id":368486,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/368460\/revisions\/368486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/368484"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=368460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=368460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=368460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}