FORT ST. JOHN, B.C. — In Japan, the Trudeau government has continued its delicate clean energy versus oil and gas industry development act at the 42 G-7 Summit of nations, said to represent nearly two-thirds of the net global wealth.
According to a Reuters report, Natural Resources Minister Jim Carr has told the Summit, despite Canada’s economic pain associated with the industry slump, his government sees it as an opportunity to prepare for a transition phase in the energy economy.
He says the recently-tabled Trudeau government budget will invest significantly in this transition through green technologies and infrastructure, as well as electric vehicles.
That noted it should be remembered that some of the G-7 members, like Germany and Japan benefit from cheaper oil prices because they’re major auto producing countries.
However, they’re also dealing with fuel consumption and emissions scandals and Germany announced just last week the launch of a 4,000 euro-per-electric-vehicle subsidy.
Meantime, Carr has also suggested while going green his government is also bullish on Canadian LNG industry development.
He’s argued, “Our policy objective is that Canada should be an exporter of LNG on both the east and west coasts, and the geography is favorable to a Canadian Japanese relationship.”
That could be a message within a message, since Japan is one of the five partners in the Petronas led consortium behind the Pacific Northwest LNG project.
The long-delayed federal project decision is to a large extent believed tied, to pipeline construction opposition, but Carr offered nothing new on that front.
Instead, he argued again the way in which the previous Harper government went about trying to get pipeline approval didn’t work. His government hopes to learn from that, and make a decision on pipeline construction before the end of this year.