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American Focus > Blog > Economy > Pierre Poilievre on Canada’s Dysfunctional Energy Policy
Economy

Pierre Poilievre on Canada’s Dysfunctional Energy Policy

Last updated: February 28, 2025 4:12 pm
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Pierre Poilievre on Canada’s Dysfunctional Energy Policy
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Canadian Oil: A Missed Opportunity

In a recent interview with Canadian psychologist Jordan B. Peterson, Conservative Party leader Pierre Poilievre shed light on some critical issues concerning Canadian oil and natural gas.

The whole 11-minute interview is a must-watch for anyone interested in understanding the complexities of the Canadian energy sector.

Here are some key highlights from the interview:

  • 4:10: Poilievre discusses the nature of Canada’s trade surplus, calling it a “ripoff” and stating that Canada is essentially ripping itself off.
  • 4:25: He points out that Canada’s entire trade surplus with the United States is attributed to oil and natural gas exports.
  • 4:30: Canada exports $120 billion worth of oil and gas to the United States at significant discounts compared to market prices.
  • 4:40: Poilievre attributes this situation to Canada’s failure to develop the necessary infrastructure for refining and transporting energy to global markets.
  • 5:10: Canadians are forced to sell their oil to Americans at a discount ranging from 10 to 40% below the world price.
  • 5:20: Historically, Canada has sent 99% of its oil exports to the United States due to lack of infrastructure for diversification.
  • 5:40: Canada also exports all its natural gas to the United States due to the absence of a liquefaction terminal in Canada.
  • 6:20: If elected Prime Minister, Poilievre pledges to approve the construction of refineries and LNG plants to address these issues.
  • 6:30: Poilievre emphasizes the importance of maintaining a strong trade relationship with the United States, highlighting the mutual benefits of Canadian energy exports for both countries.
  • 6:45: He advocates for the approval of projects like the Keystone Pipeline to facilitate the transportation of Canadian oil to the U.S.
  • 7:20: Poilievre suggests exploring opportunities for increased trade in electricity to further enhance economic cooperation between Canada and the U.S.
  • 8:15: He criticizes Prime Minister Trudeau for failing to collaborate with Germany and Japan on natural gas initiatives, potentially missing out on valuable partnerships.
  • 9:14: Poilievre offers a thought-provoking analogy about economic decisions and the importance of making wise choices.
  • 9:50: He highlights the interconnected nature of the North American economy, citing the example of an automobile crossing the border multiple times during the manufacturing process.

The interview paints a picture of missed opportunities and untapped potential in the Canadian energy sector. Poilievre’s insights underscore the importance of strategic decision-making and collaboration to unlock the full economic benefits of Canada’s natural resources.

The accompanying picture features Conservative Party leader Pierre Poilievre.

See also  Consumer confidence plunges for fifth straight month as jobs, inflation fears rise on Trump trade policy
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