Governments in Canada have been on a mission, which began in earnest in 2015, to shut down fossil fuel production, distribution, consumption and (indirectly)…
While opposition to the oilsands has gotten the most attention, the Trudeau government’s antipathy to fossil fuels also extends to natural gas production, distribution and trade.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
It’s too late, of course, for Canada to do anything meaningful about all that in terms of dropping a bunch of natural gas into European markets to lessen the pain, weaken Putin’s hold on Europe or change the political dynamic to reduce the possibility that the war in Ukraine will escalate into a nuclear exchange.
However, it’s not too late for Canada to reconsider its stance on natural gas production, distribution, consumption and trade, not only for the immediate benefit of Canadians but also to help stabilize world energy markets a bit once this particular paroxysm in Europe reaches its crescendo.According to Natural Resources Canada, the federal department in charge, the country has 71 trillion cubic feet of proven gas reserves , which puts us at 17th on the list of global natural gas reserves.
Any yet, by stifling natural gas development and export, governments in Canada — particularly the federal government — have deprived Canadians of considerable wealth and the returns of global energy trade, and shelved an important potential part of Canada’s geopolitical “soft power” as the world goes through an energy crisis that Canada might well have softened.
It’s too late for this round of global energy disruption and misery, but we could possibly dampen the next one.Share this Story:
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