Canada Eyes Arctic Ocean Port to Ship Gas, Commodities to Europe

The Canadian government is looking hard at developing a remote northern port on Hudson Bay as a conduit for exporting natural gas, potash, canola and other commodities as the country tries to reduce its economic dependence on the US.

Energy Minister Tim Hodgson said he sees “tremendous potential” for turning the port of Churchill, Manitoba, into a much larger export hub, opening new trade routes to Europe and other markets. The minister said he has seen multiple pitches for projects to move goods through the location, which is at almost the same latitude as Oslo, Norway.

“I believe there is ...