Be wary of climate promises. In this week’s episode, we are going to address something that the next Prime Minister of Canada, Mark Carney, said in an interview and why it hits at the heart of one of the problems Canada faces - lack of investment. It provides us with an opportunity to address what’s going on in Europe, and one of the reasons we, as investors, continue to shun that market, as well as risks for Canada.
Timestamps:
0:00 Introduction
0:45 Lack Of Investment
0:58 A Bait & Switch
1:45 You Will Pay More & Like It!
2:55 UK & Germany Pay Dearly For Energy
3:12 No To Nuclear? Yes To Coal?
4:00 Dunkelflaute
4:36 Industrial Production Has Collapsed
5:11 Germany Is Importing Nuclear Energy
5:39 Record Imports Cover For Low-Carbon Sources
6:10 Just Reach Out & Grab It Already
6:39 China Does Not Care About Carbon
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About IceCap Canadian Market Wrap
The IceCap Canadian Market Wrap is a weekly podcast where we share our insight into the macro and market themes and, how they shape our investment strategies and how they impact Canadians.
About IceCap Asset Management
IceCap Asset Management is a Canada-based portfolio management company. Our ongoing focus emphasizes understanding factors that accelerate global risk and return opportunities while creating long-lasting relationships and continuous personalized discussions among clients, consultants, and tax advisors. This channel is a repository for our views and the discussions that shape our investment strategies. It is not to be misconstrued as investment advice. Please seek professional advice before making any investment decisions. The opinions, information, estimates, projections, and any other material presented in this report are provided as of this date and are subject to change without notice. Material presented in these videos has been obtained from numerous sources. While reasonable efforts to ensure the content is reliable, accurate, and complete, we have not independently verified the content, nor do we make any representation or warranty, express or implied, in respect thereof.