By Peter MansbridgeA massive energy, mining and infrastructure package is being touted by Canadian Prime Minister Justin Trudeau to woo investors to the country’s booming energy sector, and the Australian government to the same end.
Australia is one of the world’s leading exporters of liquefied natural gas (LNG), which accounts for more than half of global output and the third largest producer of electricity after China and the United States.
Canada’s LNG exports have grown by more than 60% since 2011 and Australia has been exporting more LNG than any other country.
Trudeau said the two countries have agreed to boost energy efficiency in the two nations’ power generation infrastructure, while expanding cooperation on climate change mitigation.
“Both countries are committed to making the best of the energy sector,” Trudeau said.
“We’re making progress in improving energy efficiency, improving the efficiency of our buildings and making it easier for our people to do their jobs, and we’re making the case for greater investment in the energy industry in Canada and greater investment and support in Australia.”
Our economies are connected, they are connected to each other in so many ways.
We need a much more sustainable energy sector and we need a better energy infrastructure.
“Trudeau is the first Canadian leader to visit Australia in nearly three years, and he hopes to bolster ties between the two economies and their two biggest trading partners.
Trudeaus visit comes a week after the Australian Senate confirmed a new prime minister who will be elected next month.
Australia’s Senate voted to elect former prime minister Malcolm Turnbull, a former climate change adviser, as the countrys new leader.
Turnbull had previously served as prime minister from 2010-13.
Trussons visit comes as a strong Australian dollar is boosting LNG prices in the country, which has been one of Canada’s top trading partners in recent years.
LNG is cheaper than coal, natural gas and even nuclear.
Australia and Canada have been at loggerheads over energy and climate policy.
In June, Trudeau proposed boosting Canada’s greenhouse gas emissions to 20 per cent below 2005 levels by 2025, but the proposal was dropped.
The proposal would have increased Canada’s emissions to 36 per cent above 2005 levels.
Australia has been a vocal critic of Canada-U.S. free trade agreements that have seen its exports to the U.
S, such as free trade in dairy and poultry, become more competitive.