How do they say "You can index the story in your search engine, but you cannot borrow the text or images of our content for use on your own news site or info panels"?

I think you can do this with

  <meta name="googlebot-news" content="nosnippet">

Why should one have to do this? The slippery slope of what is ok goes straight from this to copyright laundering via LLMs.

Why shouldn't they? This is basic fair use. Google is giving them an out they don't have to.

Fair Use isn't a thing in Canada.

Google and Meta (or Twitter or anyone else) don't 'borrow' them. Websites explicitly declare what image and snippet they want anyone to use to summarise a link in the metadata on the web page. it's a choice by newspapers to place that image and text below the link.