Sep 16, 2026 · 17 min · 10 segments
At this week's Canada Investment Summit, Manitoba Premier Wab Kinew made a pitch for a Port of Churchill expansion that he has said could cost up to $80 billion. But Kinew's vision is much bigger than…
Ken WongGuest
Bartley Kives
Marcy MarkusaHost
So how does Arctic Gateway's group plan differ from what the premier said he wants to see happen there? Did you ask them about LNG?
The premier is looking at a floating offshore oil terminal component here, which would be more than the Kitimat BC terminal, which is...
And the canoe project is $79 billion Canadian if the Globe and Mail's $57 billion U.S. dollar figure is accurate.
I should point out, Premier Wab Kanu's office declined to comment on this story and would not confirm or answer questions about that.
Okay, Vidya Mani is a University of Virginia professor who studies global supply chains.
And she says that climate change is making Arctic shipping more viable and geopolitics is creating more choke points and customers are looking for alternatives.
If the Arctic Ocean is going to get developed, then I would assume... going through the Port of Churchill would be the one of the first set of places people would look at.
My worry is not so much whether those four to five months is enough.
So basically, money says, you know, it may not need to be a year-round port, but the costs are a question mark, and not just the cost of building and the cost of shipping in the Arctic, but also the insurance costs, which right now could be seven, eight times what regular shipping is that would have to come down.
And she says, yeah, just like Mani says, a lack of choke points is attractive.
And it will be interesting to see, she says, whether the demand for this justifies the additional cost, the demand for LNG in the future.
So how does Arctic Gateway's group plan differ from what the premier said he wants to see happen there? Did you ask them about LNG?
The premier is looking at a floating offshore oil terminal component here, which would be more than the Kitimat BC terminal, which is...
And the canoe project is $79 billion Canadian if the Globe and Mail's $57 billion U.S. dollar figure is accurate.
I should point out, Premier Wab Kanu's office declined to comment on this story and would not confirm or answer questions about that.
Okay, Vidya Mani is a University of Virginia professor who studies global supply chains.
And she says that climate change is making Arctic shipping more viable and geopolitics is creating more choke points and customers are looking for alternatives.
If the Arctic Ocean is going to get developed, then I would assume... going through the Port of Churchill would be the one of the first set of places people would look at.
My worry is not so much whether those four to five months is enough.
So basically, money says, you know, it may not need to be a year-round port, but the costs are a question mark, and not just the cost of building and the cost of shipping in the Arctic, but also the insurance costs, which right now could be seven, eight times what regular shipping is that would have to come down.
And she says, yeah, just like Mani says, a lack of choke points is attractive.
And it will be interesting to see, she says, whether the demand for this justifies the additional cost, the demand for LNG in the future.
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