The Financial Post reports in its Wednesday edition that as the United States pauses the approval of all new LNG export projects, Canada has two projects now being built and a few more at the starting gate.
The Post's Chris Varcoe writes that after standing on the sidelines for much of the past decade while the U.S. transformed itself into a global LNG powerhouse, Canada now has a monumental decision to make. Does it also want to become a serious player in the global LNG game or be a small exporter to the world? Enbridge chief executive officer Greg Ebel says: "It's not very often that you get a second chance on an opportunity. And I think this may perhaps bode extremely well for that second chance, from a policy and support perspective in Canada -- if we take advantage of it." He adds: "If, in the U.S., the next round of decisions are pushed off 12 to 18 months, that means Canada can make decisions now that actually have longer-term implications.
Will we? I don't know." Last Friday, the Biden administration said it was placing a pause on approvals for licences surrounding new LNG export projects, saying it will take a "hard look" at the effect of such exports on the environment, energy security and energy costs.
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