As the world struggles to find the right balance between a carbon-free future and a present that still runs on fossil fuels, Canada could be leveraging its natural-gas riches to help fuel both, a new report suggests.
The report, to be released Monday by the Canadian Chamber of Commerce, urges the federal government to finally get serious about building the infrastructure necessary to fast-track the extraction and export of liquid natural gas.
In addition to several measures to develop and promote Canadian gas as a global low-carbon alternative, the report encourages Canada to retool its often convoluted regulatory processes and give Indigenous Peoples a greater stake in natural gas projects. The report blames a"lack of decisiveness" on energy policy over the last 20 years for the country's current inability to export its landlocked resources.
But he left empty-handed. Months later, Germany signed a 15-year gas supply agreement with Qatar instead.
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