Trudeau proved his climate extremism and lack of respect towards one of our allies again. He denied Japan access to our natural gas, just like he did to Germany. It is rumoured that South Korea is thinking of asking Trudeau for help as well. This will be his third strike against the global community if he turns it down. Germany and Japan have been valued trading partners for decades.  Now both countries will have little to do with Canada until we get a new government.

Trudeau’s belief that he can eliminate CO2 emissions by limiting our economy is a joke.  He wants to bring in 1.6 million immigrants over the next 3 years while lowering CO2 emissions. This is impossible to achieve. Growing a population increases the demand for new housing, more food, and more infrastructure, to name a few, which collectively increases CO2 in the atmosphere.  

Natural gas does create slightly more CO2 but not if you take into consideration that wind and solar power must be replaced every twenty years. This means more demand for mining, oil for manufacturing and transport. Some fossil fuel and nuclear plants today have been in operation since the seventies and are expected to last 90 years. We have no idea how long the hundreds being built today will last, but if innovation is successful the lifespan could have doubled. Time will tell.    

If the climate movement was sincere, it would be forcing the use of hydro and nuclear power and protesting China and India. But they don’t.  You never hear the Greens protesting the clearcutting of rain forests or push for planting more trees either. It is because they cannot profit from it. It is obvious environmentalists do not want to bite the hand that feeds them.  Thankfully Mother Nature is in control and made the planet the greenest it has ever been since the last ice age because the environmentalists are not effective. 

The world is awash in natural gas.  It is cheap, clean, and a main ingredient in most of the conveniences we enjoy today. It is a resource that has literally pulled people out of poverty throughout our history and continues to do so. No sensible and responsible government is going to leave this asset in the ground.  Doing so is a direct slap in the face of all taxpayers and their standard of living.  

Coal has 400 years’ worth of reserves and demand is soaring. Not only all over Asia and India, but Europe as well.  The war in Ukraine has reminded many countries of the importance of fossil fuel and how we took the wrong path trying to green our economy so quickly.  Even Prime Minister Arden of New Zealand (another phony Green), announced she will be buying more coal from Indonesia, even though they have their untapped natural gas reserves.  Demand for coal is so strong that Indonesia has moved up to third place in production.  It is expected they will become the world’s largest exporter within a decade. This will help them move further up the economic ladder while the climate alarmists will take us a step down.

Every successful country relies on cheap and reliable energy. Business demands it, and utilities can be one of the major costs for companies. Try and tell a technology or manufacturing company they must rely on intermittent energy only and see what they do. They will take their investment elsewhere because they need to produce the highest rate of revenue and hope for a decent return as quick as possible.  This can take over a decade for many sectors so increasing the cost of electricity and the risk of power outages is too much. 

Coal and natural gas use will increase, along with the standard of living in those countries that use it. Meanwhile, Canada's will decline because our cost of energy will continue to rise.  It needs to be pointed out that wind and solar are no longer price competitive with natural gas.  The price of it has fallen 69% since last September to below three dollars today. 

Trudeau has made Canada the laughingstock of the world by not exploiting opportunity. Prior to Trudeau, Canada was considered a world leader in clean energy development, which the world demanded and used. Trudeau wants this to end so business will look for opportunities elsewhere in the world. For decades Canada has been in the upper level for productivity and growth in the 38 member OCED.  Thanks to Trudeau, it is predicted that by 2030 Canada we will be dead last.  Yet Canada has the best prospects in the world. Once Justin is gone, we will be on of the fastest growing economies in the G7.  Be patient and do not stray from Canadian blue-chips with a great dividend record.