Canada looks at ways to export renewable energy to Europe: live updates on Ukraine crisis — via financialpost Ukrainecrisis
But the conflict will have consequences for the whole world as it cuts off crucial energy and crop supplies, disrupts businesses and upsets financial markets, already under stress as central banks tighten policy.
Guilbeault says the infrastructure is not there for Canada to get oil and gas to Europe easily and even if it could, European refineries aren’t set up to process the heavy crude Canada produces. While stocks are soaring, commodities are plunging, the reverse of the equity havoc we’ve seen for the past few days.Article content
At midday, the Dow Jones Industrial Average was up 710.93 points, or 2.18 per cent, at 33,343.57, the S&P 500 was up 108.39 points, or 2.60 per cent, at 4,279.09, and the Nasdaq Composite was up 412.57 points, or 3.22 per cent, at 13,208.12.This advertisement has not loaded yet, but your article continues below.
It’s one of the starkest measures yet of the damage wrought on Russia’s economy by the war. For a country increasingly cut off from the outside world, the risk of shortages has already prompted the government to impose a temporary ban on re-exports of foreign medical products and to say it will restrict trade in some goods and raw materials.
The upswing in inflation is already playing out in the streets of Russian cities. Abu Ghosh, a Middle-Eastern cafe off Moscow’s historic Arbat neighbourhood, said on Instagram that it had seen prices for some ingredients rise 300 per cent.Article contentAlberta Premier Jason Kenney is calling the United States’ decision to ban imports of Russian oil and gas an “earthquake” with the potential to reshape the global energy industry.
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