The Globe and Mail reports in its Friday edition that Nutrien's plan to invest up to $1-billion in a U.S. export terminal highlights failures in Ottawa's trade diversification and critical minerals strategy, say supply chain and industry advocates.
The Globe's Kate Helmore and Brent Jang write that Nutrien announced on Wednesday plans for a potash export terminal in Longview, Wash., with a capacity of five to six million tonnes per year.
If finalized by 2031, Nutrien will ship as much Canadian potash to overseas markets via the U.S. as through Canadian ports.
Macdonald-Laurier Institute's Heather Exner-Pirot says, "It is especially painful that this critical mineral is going to the United States."
In May, Nutrien announced plans for a major terminal in the Pacific Northwest, with only Vancouver and Prince Rupert in Canada meeting its criteria for a deep-sea port with rail infrastructure.
Chief executive officer Ken Seitz told The Globe then that regulations, taxes and approval timelines will influence Nutrien's choice between the U.S. and Canada, offering Ottawa an opportunity to deliver on its promises to invigorate the Canadian economy by attracting investment in resource extraction and critical minerals.
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