GZERO North
Hard numbers: Vancouver port peril, bye-bye biofuels?, US-Mexico corn clash, smuggler feels the cold
Aerial view of the Port of Vancouver in British Columbia, Canada.
REUTERS/Jason Redmond
99.24: Amid fraught labor contract negotiations at ports up and down the West Coast, an overwhelming 99.24% of ILWU Canada members voted to support a strike that could begin as soon as June 24. If that happens, operations at Vancouver, Canada’s largest port, could grind to a halt, dealing a blow to commerce on both sides of the US-Canada border: Some 15% of Vancouver’s container trade moves to or from the US.
10 billion: Canada’s biofuels producers are mulling a move south of the border in an exodus that could cost Canada as much as $10 billion in renewables investment. The culprit? You guessed it: the Biden administration’s Inflation Reduction Act, which offers massive subsidies. Biofuels, as a reminder, are renewable, low-carbon energy sources derived from organic matter — ethanol, for example, which comes from corn.
3 billion: Speaking of corn, Canada has taken Washington’s side in a US-Mexico dustup over the crop. The Mexican government wants to ban genetically modified corn, which it says is harmful to humans and animals. That would upend some $3 billion in annual US corn exports to Mexico. Washington has asked for a dispute resolution panel to resolve the issue. Canada isn’t a big corn player itself, but as the world’s largest canola exporter, it worries about backlash against genetically modified crops more broadly. Fun fact: Corn was first domesticated 9,000 years ago in what is today … Mexico!
1.5: A Georgia man has been sentenced to 1.5 years in a US prison for trying to smuggle 7 suspected illegal Mexican immigrants into Canada last year. His plan fell apart in North Dakota when freezing temperatures forced him to call the local sheriff for help.Think you know what's going on around the world? Here's your chance to prove it.
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