Hard Numbers: US-Canada beef beef, Ukraine’s “Green Marshall Plan,” Line 5 payout, a June snowstorm!
8 billion: Canada has beef with the US over, well, beef … and other processed meats. Ottawa has said that a US proposal to change the packaging requirements of meats – to make it clearer which products are grown and processed in the US – puts the US-Canada protein supply chain, worth a whopping $8 billion, at risk and would “discriminate” against its producers. It’s unclear whether Canada plans to pursue a dispute resolution process if the rule is implemented.
20 million: As Ukraine seeks international donations to fund its green economic recovery – dubbed the “Green Marshall Plan” – Canada on Wednesday pledged CA$20 million to aid that effort, while the US says it will dole out a little more … committing to an additional $1.3 billion to rebuild and modernize Ukraine’s infrastructure in the near term. Kyiv, for its part, is looking for a whopping $40 billion for this project.
*5.1 million: A US federal judge ruled that Calgary-based Enbridge, a natural gas utility, must pay a Wisconsin-based Indigenous group some $5.1 million and move part of an oil pipeline by 2026 that impinges on the group’s land. Still, the judge stopped short of saying the pipeline, known as Line 5, should be shut down, which would have caused major economic disruptions in both Canada and the US.
30: It may be June, but residents in Jasper, Alberta, woke up this week to a fresh winter storm that dumped 30 centimeters (12 inches) of snow, toppling trees. Residents were told to get their winter tires in check and avoid non-essential travel, which could end up disrupting some … summer travel plans.
* Disclosure: Enbridge was a sponsor at the Eurasia Group US-Canada Summit in April.