Is there a connection between Canada’s NATO commitments and building pipelines? Prime Minister Carney has committed to 2% of Canada’s GDP on military and defense spending, with a potential hike to 5% on the horizon. So, from the perspective of you and me, as part-owners of Canada, how are we going to pay for it? It looks like Prime Minister Carney has a plan for that, and is eyeing a new pipeline in hopes of opening up the sale of our resources to European markets, thus injecting Canada’s economy with more cashflow to offset increased military and defense spending.
In Episode 167 of The Bill Kelly Podcast, the discussion revolves around the NATO leaders' meeting and the pressing issues of defense spending, particularly Canada's commitment to increase military spending to meet NATO targets. The conversation highlights Canada's role in energy supply to Europe, especially in light of recent geopolitical tensions. Bill emphasizes the importance of Canada strengthening its ties with European nations and the economic implications of military spending and energy exports. The podcast concludes with a call for Canada to step up its global leadership role amidst changing international dynamics.
This episode was recorded on June 24, 2025.
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CHAPTERS
00:00 NATO Leaders and Defense Spending
02:52 Canada's Energy Role and European Relations
05:55 Military Spending and Economic Implications
09:02 Canada's Future in Global Leadership
FURTHER READING
Carney to talk NATO defence spending hike as summit kicks off
https://globalnews.ca/news/11258535/mark-carney-nato-summit-begins/
Europe’s Messy Russian Gas Divorce
https://www.brookings.edu/articles/europes-messy-russian-gas-divorce/
Russian gas era in Europe ends as Ukraine stops transit
https://www.reuters.com/business/energy/russia-halts-gas-exports-europe-via-ukraine-2025-01-01/
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