Canada: Competing for China’s energy needs
China needs more energy to power its rapidly growing economy, but it will not wait around for Canada if our country cannot deliver, Ambassador Zhang Junsai told the Calgary Herald in an article published today. The Chinese envoy to Canada specifically mentioned a lack of infrastructure as a barrier to Canadian energy exports to Asia. He pointed out that other countries could easily supply China with the energy it needs. Venezuela, for example, is receiving significant investment from China to secure future Chinese energy supply.
Brian Emmett, an Ottawa-based consultant and former senior government official, agrees. “Our resources are large, but other countries are well-endowed, too, and many of our resources are either in remote areas or difficult and costly to extract,” Mr. Emmett writes in The Globe and Mail.