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Business Daily

Can Canada become an energy superpower?

Business Daily

BBC

News, Business

4.4796 Ratings

🗓️ 30 October 2025

⏱️ 18 minutes

🧾️ Download transcript

Summary

As Canada’s trade war with the US rumbles on, Prime Minister Mark Carney has announced ambitions for the country to become an "energy superpower" in clean electricity, oil and gas. Supporters say it could boost jobs and investment, but critics warn it may come at an environmental cost.

We’ll hear about the projects underway, the challenges that could hinder them, and look at how other countries have achieved ‘superpower’ status.

If you'd like to get in touch with the programme, our email address is [email protected]

Presenter: Sam Gruet Producer: Megan Lawton

(Picture: A flare stack at the LNG Canada facility in Kitimat, British Columbia, Canada. Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

BBC Sounds, Music, Radio, podcasts.

0:05.9

Hello and welcome to Canada's largest port and today's Business Daily from the BBC World Service.

0:13.1

I'm Sam Gruet in Vancouver on the shores of the Pacific Ocean.

0:17.9

Ahead of me, there are giant orange cranes, stacking ship and containers, and in the

0:22.6

distance, several giant cargo ships, which every year leave from here carrying lumber, grain,

0:28.9

and minerals.

0:30.2

But increasingly, what's fueling this port and the country's ambitions is energy.

0:36.9

We're an energy superpower, unabashedly energy superpower. We have the third largest reserves

0:41.0

of oil. We have the fourth largest reserves of LNG. The plan from Prime Minister Mark

0:45.8

Carney includes doubling exports of liquefied natural gas or LNG. We will be up to 50 million

0:52.7

tons annually of LNG by the end of this decade.

0:56.1

Today, we take a look at what makes an energy superpower, the environmental challenges that

1:02.3

raises, and what happens when your biggest customer decides to go their own way?

1:08.0

You know, we just don't need their product.

1:10.4

Can Canada become an energy superpower?

1:13.2

That's coming up on Business Daily. And it's now my great privilege to invite Prime Minister Carney

1:19.1

up to the stage for his remarks. Thank you very much. From the port of Vancouver, we're heading

1:23.6

across the Pacific Ocean to Malaysia. Thank you all for showing up and I want to make it worth your while.

1:30.1

It's here at a summit of Southeast Asian nations in late October that Canada's Prime Minister made his pitch,

1:37.4

selling a new vision for Canada as a global energy exporter.

1:41.8

We are going to double our non-U.S. exports over the course the next 10 years.

1:47.0

We think we can do it in a much shorter period of time. That's 300 billion of additional

...

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