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Cake day: June 29th, 2026

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  • As you correctly point out, it’s probable that Canada’s associate membership will result in an EEA-lite relationship with the European Union. I can see the engagement being sectorial.

    It’s going to be very hard for the Canadian economy to escape Washington’s regulatory power (Quebec’s French language consumer regulation being actively disputed by the US in trade negotiations is illustrative of this), but an associate membership will set up pathways of closer integration with the EU than having a simple bilateral relationship. It will probably also give Canada more leverage in future talks with the United States (and Mexico).

    Obviously, none of this would have happened had Trump not pursued maximalist trade war aims coupled with an inflammatory rhetoric about Canada’s sovereignty. Canada ending up closer to the EU as a result of this (“integrated” within the EU!) is no doubt among the worst American soft power debacles of the postwar era











  • It’s fair to point out that distribution has its own dilemmas, as does storing excess energy. But those are secondary in my view. As far as public policy goes, given that nuclear energy are big public expenditure endeavors, in my view the economics need to make sense to the public to justify nuclear power generation.

    Another factor is, of course, time. Is it worth investing in nuclear if the objective is to cut GHGs by X year, when we know a nuclear plant would take Y years to come online?

    One big unknown is the total amount of electricity consumed. If the assumption is a relative decline or stable amount of global demand in the future, then nuclear makes limited sense, whereas a spike in demand, possibly caused by unmitigated AI energy demand, could warrant recalculating the cost-effectiveness of nuclear energy.