Canada must act as Europe’s energy ‘tragedy’ shows ‘cautionary tale’: Cenovus head
says the country needs to be “front and centre” in meeting the world’s natural gas supply demands amid an “unfolding tragedy” in Western Europe.host Mercedes Stephenson, said the transition off of oil and gas is going to take “decades.”
Meanwhile, the European Union continues to face the prospect of a severe energy crisis over the coming years asEurope’s energy crisis has Canada weighing future of oil and gas industryWhile the International Energy Agency has said Europe has sufficient stockpiles of gas to get through the winter, it warned that the situation could grow dire if governments don’t act fast.“We have the gas. We should be supplying the world’s needs,” he said.
“There are a number of potential projects, including one in Saint John and others, that are on the books for which there has never been a strong business case because of the distance from the gas fields,” Trudeau
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