Business
Our energy policies have made us more vulnerable to Trump’s tariffs
From the Fraser Institute
By Elmira Aliakbari and Jason Clemens
As Donald Trump, who will be sworn in as president on Monday, threatens to impose tariffs on Canadian exports including oil and natural gas, the calls from some Canadian politicians and analysts for greater energy trade diversification grow louder. However, these calls highlight a hard truth—Canada has repeatedly foregone opportunities to reduce our dependence on the United States by cancelling already approved pipelines and failing to approve new pipeline and LNG projects that could have increased our access to global markets.
The U.S. is not just Canada’s largest energy customer—it’s nearly our only customer. In 2023, 97 per cent of crude oil exports and virtually all natural gas exports were sent south of the border. This dependence on the U.S. for exports leaves Canadian producers and the Canadian economy exposed to policy shifts in Washington and even state capitals.
Consider Energy East, a pipeline proposed by TransCanada (now TC Energy) to transport oil from Alberta and Saskatchewan to refineries and export terminals in Atlantic Canada. The pipeline would have reduced Atlantic Canada’s reliance on imported oil and opened export markets for Canadian oil to Europe.
However, in 2017 the Trudeau government introduced new criteria for evaluating and approving major pipeline projects, and for the first time assessments included not only the greenhouse gas (GHG) emissions from constructing the pipeline but also emissions from producing and using the oil it would transport. Later that year, TransCanada suspended its application for the project, effectively cancelling it. The CEO of TransCanada blamed “changed circumstances” but many observers recognized it was a combination of the new regulations and opposition from Quebec, particularly the City of Montreal. Consequently, the refineries in Atlantic Canada continue to rely on imported oil.
A year earlier in 2016, the Trudeau government cancelled the already-approved Northern Gateway pipeline, which would have connected Alberta oil production with the west coast and created significant export opportunities to Asian markets.
Canada is even more dependent on the U.S. for natural gas exports than oil exports. In 2023, Canada exported approximately 84 billion cubic metres of natural gas—all to the U.S.—via 39 pipelines, again leaving producers in Canada vulnerable to U.S. policy changes.
Meanwhile, Canada currently has no operational infrastructure for exporting liquified natural gas (LNG). While LNG Canada, the country’s first LNG export terminal, is expected to become operational this year in British Columbia, it’s long overdue.
Indeed, several energy companies have cancelled or delayed high-profile LNG projects in Canada due largely to onerous regulations that make approvals uncertain or even unlikely, including the $36 billion Pacific NorthWest LNG project in 2017, the $9 billion Énergie Saguenay LNG project in 2020, Kitimat LNG in 2021 and East Coast Canada LNG in 2023.
This all adds up to a missed opportunity, as global demand for LNG increases. If governments in Canada allowed or even facilitated more development of LNG facilities, Canadian companies could supply high-demand regions such as Asia and Europe. Indeed, during Europe’s 2022 energy crisis, Germany and several other countries turned to Canada for reliable LNG supply, but the Trudeau government rejected the requests.
The contrast with the U.S. is stark. Since 2011, 18 LNG export facilities have been proposed in Canada but only one—LNG Canada Phase 1—is nearing completion, more than 12 years after it was announced. Meanwhile, as of January 2025, the U.S. has built eight LNG export terminals and approved 20 more, securing its position as a global LNG leader.
Years of inaction and regulatory roadblocks have left Canadian energy producers overly dependent on a single trading partner and vulnerable to shifting U.S. policies. The looming threat of tariffs should be a wake-up call. To secure its energy future, Canada must address the regulatory barriers that have long hindered progress and prioritize the development of infrastructure to connect our energy resources to global markets.
Business
FDA bans commonly used food dye
FDA Finally Bans Cancer-Linked Red No. 3 Food Dye
The Food and Drug Administration (FDA) announced on Wednesday that it is banning the use of Red No. 3, a synthetic dye responsible for the vibrant cherry red color in foods and beverages, citing its association with cancer in animal studies:
The dye is still used in thousands of foods, including candy, cereals, cherries in fruit cocktails and strawberry-flavored milkshakes, according to the Center for Science in the Public Interest, a food safety advocacy group that petitioned the agency in 2022 to end its use.
Food manufacturers will have until Jan. 15, 2027 to reformulate their products. Companies that make ingested drugs, such as dietary supplements, will get an additional year.
This ban was LONG overdue. Unfortunately, the other synthetic food dyes that have also been linked to serious deleterious health effects still remain on the market. A few months ago, I summarized the harm linked to synthetic food dyes — outdated FDA standards expose Americans to toxic food dyes linked to cancer, neurobehavioral issues, and other health risks, demanding urgent regulatory action:
Synthetic Food Dyes: A Half-Century of Harm |
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by Nicolas Hulscher, MPH
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Batada et al found that nearly half (43.2%) of grocery store products contained artificial food colorings (AFCs), with Red 40 (29.8%), Blue 1 (24.2%), Yellow 5 (20.5%), and Yellow 6 (19.5%) being the most common. Candies (96.3%), fruit-flavored snacks (94%), and drink mixes/powders (89.7%) had the highest prevalence of AFCs, while produce contained none.
Oliveira et al summarized the deleterious health effects linked to synthetic food colorings in children: neurobehavioral disorders, allergic reactions, carcinogenic and mutagenic potential, gastrointestinal and respiratory issues, toxicity, developmental and growth delays, and behavioral changes.
Sultana et al illustrated the specific health hazards associated with particular synthetic food dyes:
Miller et al conducted a systematic review of the potential neurobehavioral impacts (activity and attention) of food dye consumption. They included 27 clinical trials of children exposed to synthetic food dyes and found that 16 of 25 challenge studies (64%) demonstrated evidence of a positive association, with 13 studies (52%) reporting statistically significant findings. The authors concluded, “Current evidence from studies in humans, largely from controlled exposure studies in children, supports a relationship between food dye exposure and adverse behavioral outcomes in children, both with and without pre-existing behavioral disorders.” They also noted that:
“Animal toxicology studies were used by FDA as the basis for regulatory risk assessments of food dyes [25]. All current dye registrations were made between 1969 and 1986 based on studies performed 35 to 50 years ago. These studies were not designed to assess neurobehavioral endpoints. Dye registration was accompanied by derivation of an “acceptable daily intake” (ADI) based on these studies. FDA ADIs have not been updated since original dye registration, although there have been several reviews of specific effects since then, the latest in 2011.”
Synthetic food dyes, widely prevalent in U.S. products and lacking nutritional value, rely on outdated FDA approvals despite evidence of widespread toxicity, carcinogenicity, and adverse neurobehavioral effects, strongly warranting urgent regulatory action to protect public health.
While the FDA has finally made a decision that will benefit public health, they are still allowing the dangerous COVID-19 genetic injections to be administered to all individuals aged 6 months and older despite far exceeding criteria for a Class I recall. The immediate removal of unsafe and ineffective gene therapy injections should be the first priority before anything other product bans.
Nicolas Hulscher, MPH
Epidemiologist and Foundation Administrator, McCullough Foundation
Please consider following the McCullough Foundation and Nicolas Hulscher on X (formerly Twitter) for further content.
Business
ESG Is Collapsing And Net Zero Is Going With It
From the Daily Caller News Foundation
By David Blackmon
The chances of achieving the goal of net-zero by 2050 are basically net zero
Just a few years ago, ESG was all the rage in the banking and investing community as globalist governments in the western world focused on a failing attempt to subsidize an energy transition into reality. The strategy was to try to strangle fossil fuel industries by denying them funding for major projects, with major ESG-focused institutional investors like BlackRock and State Street, and big banks like J.P. Morgan and Goldman Sachs leveraging their control of trillions of dollars in capital to lead the cause.
But a funny thing happened on the way to a green Nirvana: It turned out that the chosen rent-seeking industries — wind, solar and electric vehicles — are not the nifty plug-and-play solutions they had been cracked up to be.
Even worse, the advancement of new technologies and increased mining of cryptocurrencies created enormous new demand for electricity, resulting in heavy new demand for finding new sources of fossil fuels to keep the grid running and people moving around in reliable cars.
In other words, reality butted into the green narrative, collapsing the foundations of the ESG movement. The laws of physics, thermodynamics and unanticipated consequences remain laws, not mere suggestions.
Making matters worse for the ESG giants, Texas and other states passed laws disallowing any of these firms who use ESG principles to discriminate against their important oil, gas and coal industries from investing in massive state-governed funds. BlackRock and others were hit with sanctions by Texas in 2023. More recently, Texas and 10 other states sued Blackrock and other big investment houses for allegedly violating anti-trust laws.
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations created one such institution, the “Net Zero Asset Managers Initiative,” whose participants maintain pledges to reach net-zero emissions by 2050 and adhere to detailed plans to reach that goal.
The problem with that is there is now a growing consensus that a) the forced march to a green energy transition isn’t working and worse, that it can’t work, and b) the chances of achieving the goal of net-zero by 2050 are basically net zero. There is also a rising consensus among energy companies of a pressing need to prioritize matters of energy security over nebulous emissions reduction goals that most often constitute poor deployments of capital. Even as the Biden administration has ramped up regulations and subsidies to try to force its transition, big players like ExxonMobil, Chevron, BP, and Shell have all redirected larger percentages of their capital budgets away from investments in carbon reduction projects back into their core oil-and-gas businesses.
The result of this confluence of factors and events has been a recent rush by big U.S. banks and investment houses away from this UN-run alliance. In just the last two weeks, the parade away from net zero was led by major banks like Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and, most recently, JP Morgan. On Thursday, the New York Post reported that both BlackRock and State Street, a pair of investment firms who control trillions of investor dollars (BlackRock alone controls more than $10 trillion) are on the brink of joining the flood away from this increasingly toxic philosophy.
In June, 2023, BlackRock CEO Larry Fink made big news when told an audience at the Aspen Ideas Festival in Aspen, Colorado that he is “ashamed of being part of this [ESG] conversation.” He almost immediately backed away from that comment, restating his dedication to what he called “conscientious capitalism.” The takeaway for most observers was that Fink might stop using the term ESG in his internal and external communications but would keep right on engaging in his discriminatory practices while using a different narrative to talk about it.
But this week’s news about BlackRock and the other big firms feels different. Much has taken place in the energy space over the last 18 months, none of it positive for the energy transition or the net-zero fantasy. Perhaps all these big banks and investment funds are awakening to the reality that it will take far more than devising a new way of talking about the same old nonsense concepts to repair the damage that has already been done to the world’s energy system.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
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