Let’s get serious about a Putin-era strategy for energy, economy, climate, Freeland says

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Let’s get serious about a Putin-era strategy for energy, economy, climate, Freeland says
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Chrystia Freeland issues a clarion call to the countries that stand in opposition to Vladimir Putin in a speech at the Brookings Institution

Canada’s deputy prime minister urged the world’s democracies Tuesday to confront the hard economic truths of a perilous new world order and seek common cause in the shared values of prosperity, energy security, protecting the planet and free and fair trade.

And she issued a clarion call to the countries that stand in opposition to Vladimir Putin: the dangers faced by the western world are not limited to the“We will quite likely continue to face a tyrannical Russia on Europe’s border and powerful authoritarian regimes elsewhere,” Freeland warned. Freeland preached the virtues of “friend-shoring” – a term coined this past summer by U.S. Treasury Secretary Janet Yellen to describe fortified, climate-friendly, shock-resistant supply chains that rely mainly on like-minded neighbours and allies.

“If we are to tie our economies even more closely together, we must be confident that we will all follow the rules in our trade with each other, even and especially when it would be easier not to.” That sentiment is sure to raise eyebrows among critics who accuse Prime Minister Justin Trudeau and his government of dragging their feet on approving energy projects like export terminals for liquid natural gas.

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