Feds 'not interested' in investing in LNG facilities: Energy Minister
CTV
Energy and Natural Resources Minister Jonathan Wilkinson says the federal government is “not interested” in subsidizing future liquefied natural gas (LNG) projects, including the electrification of projects currently in the works.
Energy and Natural Resources Minister Jonathan Wilkinson says the federal government is “not interested” in subsidizing future liquefied natural gas (LNG) projects, including the electrification of projects currently in the works.
In an interview with CTV Question Period host Vassy Kapelos airing on Sunday, Wilkinson said those investments are up to the private sector.
“The government is opposed to using government money to fund inefficient fossil fuel subsidies. We’re the first country in the world to actually do that. We are not interested in investing in LNG facilities. That's the role of the private sector. They need to assess the business case and make the investments,” said Wilkinson.
The minister’s comments come just days after Greek Prime Minister Kyriakos Mitsotakis exclusively told CTV Question Period that Greece would “of course” be interested in purchasing Canada’s LNG if the resource was available.
“We are a big entry point for LNG, not just for the Greek market, but also for the Balkans, for Eastern Europe,” Mitsotakis said. “Theoretically, we could even supply Ukraine.”
When asked whether Canada could be an ideal partner in that, Mitsotakis said “absolutely.”
“Canada is a country with which we share so many values,” he said, pointing to his country’s alignment with Canada on several geopolitical issues, including Ukraine and the Israel-Hamas war.
