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Energy

“Davos Elite at it’s worst” Poilievre grills Carney for killing Canadian jobs while heavily investing in regions with serious human rights issues

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Former Bank of Canada Governor Mark Carney addressed a Federal Industry Committee hearing Thursday.  That gave Conservative shadow critic Pierre Poilievre the opportunity to point out several disturbing realities regarding the work of Brookfield Asset Management.  Mark Carney is Head of Impact Investing at Brookfield.

These compelling exchanges give disturbing insight into the movement to ditch oil and gas production in favour of renewable power.  The videos clearly point out some of the issues regarding links to human rights abuses and widespread use of coal fired power.

From the Facebook page of Pierre Poilievre

Davos elite Mark Carney tells Industry Committee he opposes western Canadian pipeline project, but supports his company’s multibillion-dollar-pipeline investments in Latin America and the Middle East.
He can make money off fossil fuels abroad, but Canadian workers can’t do so at home.
Face it: the Davos elites are screwing working people.
Here’s a millionaire whose company invests in Middle East & South American fossil fuels, but he wants to shut down pipeline jobs in Canada.
He makes a fortune, while turning other people’s lives upside down.
Enough.

 

In this exchange Poilievre asks Carney to acknowledge that Brookfield Asset Management buys about 50% of the raw material they use to build solar panels from coal-powered plants in China.  The main product is suspected by US Lawmakers (from Reuters) of  being produced in work camps in the region where the Chinese Communist Party is punishing the local Uighurs population.

In a closing statement on his social media page Poilieve posted a follow up question for Canadians.

From Pierre Poilievre’s Facebook page

Carney is lecturing business about putting human values before shareholder profits.
He had a chance to put his money where his mouth is today, by recognizing the Uyghur genocide & risk angering China where his company has billions in business.
Did he choose people or profits?

 

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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2025 Federal Election

Poilievre To Create ‘Canada First’ National Energy Corridor

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From Conservative Party Communications

Poilievre will create the ‘Canada First’ National Energy Corridor to rapidly approve & build the infrastructure we need to end our energy dependence on America so we can stand up to Trump from a position of strength.

Conservative Leader Pierre Poilievre announced today he will create a ‘Canada First’ National Energy Corridor to fast-track approvals for transmission lines, railways, pipelines, and other critical infrastructure across Canada in a pre-approved transport corridor entirely within Canada, transporting our resources within Canada and to the world while bypassing the United States. It will bring billions of dollars of new investment into Canada’s economy, create powerful paycheques for Canadian workers, and restore our economic independence.

“After the Lost Liberal decade, Canada is poorer, weaker, and more dependent on the United States than ever before,” said Poilievre. “My ‘Canada First National Energy Corridor’ will enable us to quickly build the infrastructure we need to strengthen our country so we can stand on our own two feet and stand up to the Americans.”

In the corridor, all levels of government will provide legally binding commitments to approve projects. This means investors will no longer face the endless regulatory limbo that has made Canadians poorer.  First Nations will be involved from the outset, ensuring that economic benefits flow directly to them and that their approval is secured before any money is spent.

Between 2015 and 2020, Canada cancelled 16 major energy projects, resulting in a $176 billion hit to our economy. The Liberals killed the Energy East pipeline and passed Bill C-69, the “No-New-Pipelines” law, which makes it all but impossible to build the pipelines and energy infrastructure we need to strengthen the Canadian economy. And now, the PBO projects that the ‘Carney cap’ on Canadian energy will reduce oil and gas production by nearly 5%, slash GDP by $20.5 billion annually, and eliminate 54,400 full-time jobs by 2032. An average mine opening lead time is now nearly 18 years—23% longer than Australia and 38% longer than the US. As a result of the Lost Liberal Decade, Canada now ranks 23rd in the World Bank’s Ease of Doing Business Index for 2024, a seven-place drop since 2015.

“In 2024, Canada exported 98% of its crude oil to the United States. This leaves us too dependent on the Americans,” said Poilievre. “Our Canada First National Energy Corridor will get us out from under America’s thumb and enable us to build the infrastructure we need to sell our natural resources to new markets, bring home jobs and dollars, and make us sovereign and self-reliant to stand up to Trump from a position of strength.”

Mark Carney’s economic advice to Justin Trudeau made Canada weaker while he and his rich friends made out like bandits. While he advised Trudeau to cancel Canadian energy projects, his own company spent billions on pipelines in South America and the Middle East. And unlike our competitors Australia and America, which work with builders to get projects approved, Mark Carney and Steven Guilbeault’s radical “keep-it-in-the-ground” ideology has blocked development, killed jobs, and left Canada dependent on foreign imports.

“The choice is clear: a fourth Liberal term that will keep our resources in the ground and keep us weak and vulnerable to Trump’s threats, or a strong new Conservative government that will approve projects, build an economic fortress, bring jobs and dollars home, and put Canada First—For a Change.”

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Economy

Clearing the Path: Why Canada Needs Energy Corridors to Compete

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From Energy Now

Originally published by Canada Powered by Women

  • Keystone XL ($8 billion), cancelled in 2021

  • Energy East ($15.7 billion), cancelled in 2017

  • Northern Gateway ($7.9 billion), cancelled in 2016

These projects were cancelled due to regulatory challenges, environmental opposition, and shifting political decisions on both sides of the border. This left Canada without key infrastructure to support energy exports.

For years, companies have tried to build the infrastructure needed to move Canadian oil and gas across the country and to sell to global markets. Billions of dollars have been invested in projects that never materialized, stuck in regulatory limbo, weighed down by delays, or cancelled altogether.

The urgency of this issue is growing.

Last week, 14 CEOs from Canada’s largest pipeline and energy companies issued an open letter urging federal leaders from all parties to streamline regulations and establish energy corridors, warning that delays and policy uncertainty are driving away investment and weakening Canada’s position in global energy markets.

The U.S. recently imposed tariffs on Canadian energy, adding new pressure to an already lopsided trade relationship. According to the 2024-2025 Energy Fact Book from Natural Resources Canada, the U.S. accounted for 89% of Canada’s energy exports by value, totalling $177.3 billion. This leaves the economy vulnerable to shifts in American policy. Expanding access to other buyers, such as Japan, Germany, and Greece, would help stabilize and grow the economy, support jobs, and reduce reliance on a single trading partner.

At the heart of this challenge is infrastructure.

Without reliable, efficient ways to move energy, Canada’s ability to compete is limited. Our existing pipelines run north-south, primarily serving the U.S., but we lack the east-west capacity needed to supply our own country and to diversify exports. Energy corridors (pre-approved routes for major projects) would ensure critical infrastructure is built fast, helping Canada generate revenue from its own resources while lowering costs and attracting investment.

This matters for affordability and reliability.

Our research shows engaged women are paying close attention to how energy policies affect their daily lives — 85 per cent say energy costs impact their standard of living, and 77 per cent support the development and export of liquefied natural gas (LNG) to help provide energy security and to generate revenue for Canada.

With increasing concern over household expenses, food prices, and economic uncertainty, energy corridors have become part of the conversation about ensuring long-term prosperity.

What are energy corridors, and why do they matter?

Energy corridors are designated routes for energy infrastructure such as pipelines, power lines, and transmission projects. With an energy corridor, environmental assessments and stakeholder consultations are completed in advance, allowing development to proceed without ongoing regulatory hurdles which can become costly and time consuming. This provides certainty for energy projects, reducing delays, lowering costs, and encouraging investment. They are also not a new concept and are applied in other parts of the world including the U.S.

In Canada, however, this isn’t happening.

Instead, each project must go through an extensive regulatory process, even if similar projects have already been approved. Energy companies spend years trying to secure approvals that don’t come to fruition in a reasonable time and as a result projects are cancelled due to sky-rocketing costs.

“Getting regulatory approval for energy transportation projects in Canada takes so long that investors are increasingly looking elsewhere,” said Krystle Wittevrongel, director of research at the Montreal Economic Institute. “Energy corridors could help streamline the process and bring back much-needed investment to our energy industry.”

Jackie Forrest, executive director at the ARC Energy Research Institute, pointed out that the time it takes to get projects approved is a major factor in driving investment away from Canada to other countries.

“Projects are taking five or more years to go through their regulatory review process, spending hundreds of millions if not a billion dollars to do things like environmental assessments and studies that sometimes need to be carried out over numerous seasons,” she said.

The cost of missed projects

Over the past decade, multiple major energy projects in Canada have been cancelled or abandoned. Among them:

  • Keystone XL ($8 billion), cancelled in 2021
  • Energy East ($15.7 billion), cancelled in 2017
  • Northern Gateway ($7.9 billion), cancelled in 2016

These projects were cancelled due to regulatory challenges, environmental opposition, and shifting political decisions on both sides of the border. This left Canada without key infrastructure to support energy exports.

LNG projects have faced similar setbacks. More than a dozen LNG export proposals were once on the table, but these same issues made most of these projects not viable.

Meanwhile, the United States rapidly expanded its LNG sector, now exporting far more than Canada, capturing global markets that Canada could have served.

“Ten to 15 years ago, there were about as many LNG projects proposed in Canada as in the U.S.,” said Forrest. “We have not been able to get those projects going. The first Canadian project is just starting up now, while the Americans are already shipping out far more.”

She cited a report that shows LNG development in the U.S. has added $408 billion to GDP since 2016 and created 270,000 direct jobs.

“That’s a major economic impact,” she said. “And Canada hasn’t been able to take part in it.”

The case for energy corridors: Creating prosperity, keeping costs in check

Energy corridors could help Canada build long-term prosperity while addressing affordability, job creation, and energy reliability.

“More efficient infrastructure reduces supply chain delays, helping to lower consumer energy costs and related expenses like food and transportation,” said Wittevrongel.

Wittevrongel notes that projects that cross provincial borders face both provincial and federal impact assessments which leads to duplication of effort and delays. Reducing this overlap would shorten approval timelines and provide more certainty for investors.

“One of the ways to improve this process is having the federal government recognize provincial environmental assessments as being good enough,” she said. “There has to be a way to balance that.”

Forrest said investors have already taken note of Canada’s high project costs and long approval timelines.

“TC Energy just built a pipeline to connect the BC gas fields with the West Coast that cost about twice as much as originally expected and took a lot longer,” she said. “Meanwhile, they recently completed a $4.5-billion natural gas project in Mexico under budget and ahead of schedule. Now they’re looking at where to put their next investment.”

Forrest explained that energy corridors could help de-risk infrastructure projects by front-loading environmental and stakeholder work.

“If we just had a pre-approved corridor for things like pipelines and transmission lines to go through, where a lot of this groundwork had already been done, it would really reduce the timeline to get to construction and reduce the risk,” she said. “That would hopefully get a lot more capital spent more quickly in this country.”

The path forward

Without changes, investment will continue to flow elsewhere.

“Energy corridors can go a long way to restoring Canada’s attractiveness for energy transportation and infrastructure projects as it cuts down on the lengthy bureaucratic requirements,” said Wittevrongel.

And Forrest agrees.

“We need to pick key projects that are going to be important to the sovereignty and economic future of Canada and get them done,” Forrest said. “I don’t think we can wait for long-term legislative reform — we need to look at what the Americans are doing and do something similar here.”

Energy corridors are about ensuring Canada remains competitive, lowering costs for consumers, and creating the infrastructure needed to support long-term economic prosperity.

For engaged women, this translates into a stronger economy, lower costs, and more reliable energy for their families.

“The two areas that this will be felt for every family are in lower energy costs and also in lower grocery or food prices as transportation of these things becomes easier on rail, or exporting grain reduces the price, for instance, ” said Wittevrongel.

Whether policymakers take action remains to be seen, but with growing trade pressures and investment uncertainty, the conversation around energy corridors is needed now more than ever.

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