As oil crisis pummels India, Carney still talks down Canadian energy

India's prime minister is telling 1.4 billion people to work from home, buy less gold, cut fertilizer use, and stop travelling because the country that imports 90% of its oil is facing an energy crisis. Canada, sitting on the third largest oil reserves on earth, is selling its airports to the countries that produce the oil India desperately needs, using a company connected to its own prime minister to export Canadian hydroelectricity to the United States during a trade war, and still cannot approve a pipeline after fourteen months. Jim Csek and Iain Burns on this week's contradictions that are impossible to ignore.

In this segment from The Really Big Show, Jim and Iain cover Narendra Modi's extraordinary address to the Indian people, warning of measures reminiscent of COVID lockdowns as the energy cost crisis deepens. India imports 90% of its oil. It has no domestic energy security. Modi is asking citizens to sacrifice their living standards because his country cannot produce the energy it needs. Jim and Iain point out that this is exactly what Steven Guilbeault, Jonathan Wilkinson, and Greta Thunberg have been telling Canada it should aspire to. Canada is being warned by the example of a country with no energy that oil is not a weakness. It is everything.

They also cover Brookfield, Mark Carney's former company and primary material investment, which is seeking a thirty-year export permit to send Canadian hydroelectricity from Powell River, British Columbia to the United States. Aaron Gunn raised this in the House of Commons. The permit would permanently and irreversibly send power that used to supply a local pulp mill and support thousands of jobs across the border during a trade war the government says it is fighting. Jim and Iain note that Carney is simultaneously telling Canadians not to buy American and managing investments that export Canadian energy to America.

They also return to the airport privatization logic, which Jim frames as a perfect circle of national self-sabotage. Canada refuses to profit from its oil because it must be decarbonized first. That refusal creates debt. The debt requires selling infrastructure. The buyers with the money to purchase Canadian airports are Qatar, Saudi Arabia, and the UAE. They have the money because they produced their oil without decarbonization conditions. Canada goes into debt by refusing to do what they did, then sells its airports to the people who did it. Canada becomes a debt slave to the nations that chose to be wealthy.

They also cover Melanie Joly's comparison of herself to Pete Buttigieg and Canada's auto industry to America's. Jim and Iain apply Aristotle's category error: Canada's auto industry is a spoke off the American hub. It exists to supplement American production, not to rival it. Treating it as an equivalent industry with equivalent negotiating power is the foundational mistake underlying every failed auto policy decision the Liberals have made.
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