So the Liberal Government, under Carney, is looking for mandatory climate disclosures from companies (Oil and gas), yet there's a current gag order (Bill C-59) on how these companies are addressing climate change and reducing emissions. Secondly, until the market will accept and purchase a 'premium' barrel of 'net-zero' oil, the buyers will continue to find and buy the cheapest oil on the market. Unfortunately, there's no oil police.
Unfortunately, with respect to a "premium" for "net-zero oil", that isn't how oil pricing works. You're right, buyers will go for the cheapest oil. For North American producers, because they're mostly non-state owned entities, the companies and their shareholders will have to absorb those cost increases. Policing will come from banks, insurers, investors, regulators, and activists, which is the point of the Net-Zero Data Public Utility, climate lawfare, and protests. The information will be freely available to anyone and be leveraged to force compliance. Companies will be compelled to report, even with C-59, how they plan to transition away from emissions and the specific time line for achieving those targets, which then opens up the possibility for litigation by actvists and activist investors for being misled on the targets if the targets aren't met. There will likely be constant monitoring and auditing to force compliance. But understand, technically it won't be the government doing this, it will be the "stakeholders" -- the regulators, and the banks, and the insurers, and the investors, and the activists, and "civil society". Unless, that is, Carney supports Senate Bill S-243, the Climate-Aligned Finance Act, then the federal government will become more directly involved.
Tammy, This reminds me of Davey Crockett movie in Ft Smith Arkansas where poor Davey is taken to the cleaners playing Thimble rig at local fair. Canadians should stick to maple sugar making and hockey. I can't wait to see how Can voters react to Carney's mumbo Jumbo and UN WEF bullshit. That will play well in Albeta, you betcha!
"In other words, he wants Canada to integrate with the EU"
At this point, does Canada have a choice? It's primary trading partner, the US, has imposed drastic trade barriers and repeatedly made statements that it wants to annex Canada.
I hold many reservations about Carney and his energy policies, but given the current US position, Canada must do everything it can to integrate its economy with its trading partners beyond the US.
Indeed. India has a great deal of potential but the Canadian government under Justin Trudeau alienated that huge market. Could it be rejuvenated? Yes, if appropriate attention were focused in that direction. Japan would be good to expand trade with, like the recent LNG, hydrogen, and oil agreement signed last week with Alberta. There is a growing frustration with China in Africa, but Canada would have to really up its game and compete with Turkey which is currently working to replace China as a trade partner.
There are other places to trade with in the world like India, southeast Asia, and Africa where populations are increasing and economies are growing. It makes little sense for Canada to tie its economy to the EU which is in decline. Why hitch your sail to an economy that's floundering? Not only that, increasing ties with the EU will force Canadian companies to adopt many of the regulatory burdens that are strangling Europe's companies.
Other than the US and China, Canada's primary trading partners are the United Kingdom (3.6%), Japan (1.9%), Mexico (1.1%), South Korea (0.98%), Netherlands (0.9%), Germany (0.87%), Switzerland (0.8%), India (0.7%), France (0.56%) and Belgium (0.48%).
No doubt, it could strengthen its trading relationships with African countries and Southeast Asia. But given that it is currently not doing much trade there, it will take time to ramp up these relationships. Unfortunately, China has aggressively fostered relationships with African countries, so that will be a tough sell for Canada.
So the Liberal Government, under Carney, is looking for mandatory climate disclosures from companies (Oil and gas), yet there's a current gag order (Bill C-59) on how these companies are addressing climate change and reducing emissions. Secondly, until the market will accept and purchase a 'premium' barrel of 'net-zero' oil, the buyers will continue to find and buy the cheapest oil on the market. Unfortunately, there's no oil police.
Unfortunately, with respect to a "premium" for "net-zero oil", that isn't how oil pricing works. You're right, buyers will go for the cheapest oil. For North American producers, because they're mostly non-state owned entities, the companies and their shareholders will have to absorb those cost increases. Policing will come from banks, insurers, investors, regulators, and activists, which is the point of the Net-Zero Data Public Utility, climate lawfare, and protests. The information will be freely available to anyone and be leveraged to force compliance. Companies will be compelled to report, even with C-59, how they plan to transition away from emissions and the specific time line for achieving those targets, which then opens up the possibility for litigation by actvists and activist investors for being misled on the targets if the targets aren't met. There will likely be constant monitoring and auditing to force compliance. But understand, technically it won't be the government doing this, it will be the "stakeholders" -- the regulators, and the banks, and the insurers, and the investors, and the activists, and "civil society". Unless, that is, Carney supports Senate Bill S-243, the Climate-Aligned Finance Act, then the federal government will become more directly involved.
Tammy, This reminds me of Davey Crockett movie in Ft Smith Arkansas where poor Davey is taken to the cleaners playing Thimble rig at local fair. Canadians should stick to maple sugar making and hockey. I can't wait to see how Can voters react to Carney's mumbo Jumbo and UN WEF bullshit. That will play well in Albeta, you betcha!
"In other words, he wants Canada to integrate with the EU"
At this point, does Canada have a choice? It's primary trading partner, the US, has imposed drastic trade barriers and repeatedly made statements that it wants to annex Canada.
I hold many reservations about Carney and his energy policies, but given the current US position, Canada must do everything it can to integrate its economy with its trading partners beyond the US.
Indeed. India has a great deal of potential but the Canadian government under Justin Trudeau alienated that huge market. Could it be rejuvenated? Yes, if appropriate attention were focused in that direction. Japan would be good to expand trade with, like the recent LNG, hydrogen, and oil agreement signed last week with Alberta. There is a growing frustration with China in Africa, but Canada would have to really up its game and compete with Turkey which is currently working to replace China as a trade partner.
Thanks so much for the insights and details.
There are other places to trade with in the world like India, southeast Asia, and Africa where populations are increasing and economies are growing. It makes little sense for Canada to tie its economy to the EU which is in decline. Why hitch your sail to an economy that's floundering? Not only that, increasing ties with the EU will force Canadian companies to adopt many of the regulatory burdens that are strangling Europe's companies.
Canada's trading partners:
https://www.worldstopexports.com/canadas-top-exports/
Other than the US and China, Canada's primary trading partners are the United Kingdom (3.6%), Japan (1.9%), Mexico (1.1%), South Korea (0.98%), Netherlands (0.9%), Germany (0.87%), Switzerland (0.8%), India (0.7%), France (0.56%) and Belgium (0.48%).
No doubt, it could strengthen its trading relationships with African countries and Southeast Asia. But given that it is currently not doing much trade there, it will take time to ramp up these relationships. Unfortunately, China has aggressively fostered relationships with African countries, so that will be a tough sell for Canada.