Canada should be “winning” the race to meet the global demand for liquefied natural gas (LNG), François Poirier said Tuesday, but the United States is better at attracting capital. (The Logic)
Talking point: Becoming the top LNG exporter to Asia could add $75 billion to Canada’s GDP per year, Poirier said in a speech to the Canadian Club of Ottawa. “Yet the country is behaving as if being good is good enough.” He said the federal government is on the right track with the new Major Projects Office, but he called on Canadian businesses to “raise the bar” on their ambitions and also involve Indigenous communities at an earlier stage of development. In an onstage conversation after the speech, Poirier suggested the “tone” of opposition to the deal between Ottawa and Alberta risks spooking foreign investors. The Calgary-based company does most of its business in the U.S., which Poirier said provides the strongest returns, but expects to invest billions of dollars in Canada by 2030.
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