🇨🇦 The Iran War Energy Shock Has a Silver Lining — But Canada's Government Will Find a Way to Waste It

With the Strait of Hormuz effectively disrupted and European energy security in genuine crisis, Canadian oil and gas is suddenly the most valuable commodity on the planet. CBC notes that lingering doubts about Persian Gulf supply chains could be transformative for Canadian LNG and oil exports — if disaster can be averted. That qualifier is doing heavy lifting. Canada has been in the middle of an unforced energy disaster for the better part of a decade, courtesy of regulatory obstruction, anti-pipeline activism funded through charitable networks, and a government that made carbon guilt the centerpiece of resource policy.

The world is now lined up to buy Canadian energy. Europe is scrambling. Asia is rationing fuel. And Canada's response is to debate whether pipelines meet decarbonization standards. Every quarter the Carney government spends performing climate virtue is a quarter where Canada fails to capture the strategic and economic windfall sitting beneath its feet. Other nations would call this a national emergency requiring national mobilization. Canada calls it an opportunity to consult stakeholders and update the impact assessment framework. The silver lining exists. The government will find a way to cloud it over.

🍁 Maple Chronicles