Canada will fast-track energy and mining projects important to allies: Freeland oilandgas abpoli cdnpoli energy yyc
In a swing through the U.S. capital to attend meetings of the IMF and World Bank, Freeland told a gathering at the Brookings Institution that a deepening of trade ties between allied democracies will be necessary to combat powerful autocratic regimes such as Russia and China. Democracies, Freeland said, must make a conscious effort to build supply chains through each other’s economies — a phenomenon U.S. Treasury Secretary Janet Yellen has described as “friendshoring.
“This certainly seems to be an astute response to the moment — a realization that the moment has shifted, history is shifting,” Dade said. “The question is, though, will it be long term?” It’s not yet clear what steps the federal government is prepared to take to improve the process, though Freeland’s remarks have some precedent.Photo by Jim Wells/Postmedia files
Still, Canadian industry groups have welcomed the deputy prime minister’s recent comments, urging the government to use the tools at its disposal to move critical minerals and energy projects forward more quickly.
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