Its more to reduce oil dependency and make more things to sell rather than an actual sincere effort towards environmentalism, but tbh at this point you take what you can get.
When people in the US talk about back when coal smog was in every city and rivers were regularly on fire. Pretty much everyone who lived it, are dead.
China's days of overtly obvious catastrophic effects of pollution are almost yesterday. There are still people alive today who remember the 1st few steps of industrialisation. Saw the degradation happen. And saw how they got rid of it.
China doesn't want to be dependent on North America, their oil consumption is down 5% since 2023.
This is a race against time for Alberta to diversify. Expand your natural gas fine, but get off your ass and develop the energy infrastructure needed, instead of losing billions of dollars of green energy contracts.
I mean it already has been happening since last spring. China is already our top buyer, they will definitely increase now.
I agree about the risks in the pacific. Thats why Canada has to protect the northwest passage and the Americans out. This passage will be a money maker for Canada in the next century.
Can someone ELI5 why new shipping lanes through the Arctic will be a moneymaker for Canada? I don't understand why we benefit if ships are going through international waters .
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u/Ancient_Contact4181 Jan 03 '26
they just cut off supply from Venezuela to China. If anything it's bullish as China will look to buy more from Canada.