Mitsubishi Corporation

is not something that comes through them.

Just changing their behavior now is being forced upon them because even a company like Mitsubishi, which is, you know, the JP Morgan or the gold standard here in Japan, even a company like Mitsubishi Corporation has to fight to retain its most important asset, which is human capital.

So as a result of that, you're finding that incredible things are happening.

I mean, Japan, the compensation system, as many of you know, was basically seniority-based pay.

In the U.S., by the way, it's basically 80% of companies derive their primary revenue from whatever it is that they're listed under.

So the number one change important you ask, number one, the generational change, unencumbered key CEOs who are acting.

Number two, I do think that, you know, the economics of scarcity being the mother of invention, the fact that, you know, even Mitsubishi Corporation has to fight to attract and retain talent, human capital, you know, that changes the internal dynamics, you know, within corporations.

And then number three, the fact that you've got the whole social consensus, right? having changed in the sense of that, yes, we have a lot of assets.

And I'm specialized in media technology and also globalization and corporate governance.

And to give you my shortcut of career, I started my job, as Richard mentioned, in a big company called Mitsubishi Corporation.

So I was mostly doing business in Japan.

And I didn't have so much global experience on business.

Why? Why do we have to do that? Well, hold on a second.

And by the way, very quickly, uh, who is LNG Canada? Well, it's a joint venture company comprised of Shell, Petronas, PetroChina, Mitsubishi Corporation, and KOGAS.

So that's who they are.

Now- Mark Carney could stop them from using Chinese steel by tariffing it, but I don't think he's going to do that.

LNG Canada spokesperson Paul Hagel wrote in the email, and I'll just remind you of who they are again.

It's a conglomeration.

It's a joint venture company comprised of Shell, Petronas, PetroChina, and Mitsubishi Corporation, and go guess.

That's who it is.

The quote, unquote, "right fiscal framework" amounts to a bouquet of government subsidies for BC's largest carbon polluter, including tax reprieves, tax exemptions, and cheaper electricity rates for some of the largest and most profitable multinationals in the world.

The LNG Canada quintet of Royal Dutch Shell, Mitsubishi Corp, Malaysian-owned Petronas, PetroChina Corporation, and Korean Gas Corp.

At a technical briefing for media, a BC senior government official pegged the province's total financial incentives for the project at a whopping $5.35 billion.

Yes, folks.

In the meantime, the Japanese stock market's, it's doing okay, isn't it? It's, uh, it's rebounding now, getting close to that all-time high above 72, uh, thousand.

But there was a warning, uh, from the boss of Mitsubishi Corp, one of, uh, Japan's biggest trading houses, uh, that's saying that, uh, you know, companies must, uh, deploy their cash reserves more efficiently, otherwise this bull run, uh, faces the, uh, the chance of running out of steam.

It does.

I mean, even before the AI trade began accelerating the rise in the Nikkei, there were concerns that the market was outpacing, uh, corporate governance improvements, was outpacing profit improvements, was outpacing growth in the economy.

State-owned PetroChina, the largest oil and gas producer, supplier, and global investor in China, is a 15% shareholder.

The other three partners in the joint venture are Malaysia's Petronas, 25%, Japan's Mitsubishi Corporation, 15%, and the Korea Gas Corporation, or Kogas, 5%.

Now, We need to bring this back up because the one thing that CBC chose not to mention in here is that the Offshore Oil Engineering Corporation or COOEC is also state owned.

So not only do you have a 15% stake in the ownership of LNG Canada by a state owned Chinese company, but you also have the contract for all the steel that's going into producing these modules going and paying a Chinese state-owned company this is what's going on here so few things here So we just talked about the fact that the US is concerned about Chinese steel making its way in through Canada and Mexico.

In today's RBN blog, we'll explain why the newly sanctioned LNG Canada expansion signals a beautiful day for a wide range of Western Canadian market players.

As you all know by now, the consortium that co-owns the existing LNG Canada Phase One, Shell, the operator, with a forty percent stake, Petronas, twenty-five percent, with one-fifth of that implicitly held by MidOcean Energy, PetroChina Company Limited, fifteen percent, Mitsubishi Corporation, fifteen percent, and Korea Gas Corporation, KOGAS, five percent, has now reached FID on Phase Two.

In the team's September twenty-eighth announcement, they said that, like Phase One, the Phase Two expansion at Kitimat, BC, will consist of two liquefaction trains and boast a capacity of fourteen million tons per annum or about one point eight BCF per day.

Phase Two, which is expected to come online in twenty thirty-one to twenty thirty-two, also will include an additional LNG storage tank, condensate tank, and loading berth, as well as expanded utility and process systems.

In his words, these are Atlantic salmon.

They don't belong on the West Coast, and if you offer him $10 million, he'd still say no. Huprochesat has no protocol agreement with Cermak, which is wholly owned by the Mitsubishi Corporation.

In provincial news.

to the provincial campaign and a question about the gamble that started it.

still provincially, and a very large investment decision in the north.

My Cowishan Valley Now's Emily Javeski reports LNG Canada is proceeding with its Phase 2 expansion at Kitimat, a project expected to double the facility's exports of liquefied natural gas.

The joint venture behind it, Shell, Petronas, PetroChina, Korea Gas, and the same Mitsubishi Corporation that owns Cervac, made the final investment decision on Tuesday.

Chief Executive Chris Cooper says it puts the plant on course to be among the largest in the world and called it a nation-building investment.

But experts have cited delays in the two firms' development schedules, as well as technical challenges.

Mitsubishi Corporation is ramping up investment in a liquified natural gas project in Western Canada.

The Japanese trading house is looking to secure alternative energy supplies amid the ongoing disruption to shipments from the Middle East.

Mitsubishi said on Tuesday that it will top up its investment in LNG Canada by about $3.2 billion.