The world is scrambling for energy but can’t count on Canada
A decade of stalled pipelines and limited export capacity leaves Canada unable to respond
The world is once again scrambling for reliable energy supplies. Canada should be one of the obvious answers but a decade of Liberal government policies that restricted pipelines and export infrastructure mean the country cannot respond quickly to the opportunity.
Canada’s inability to respond quickly matters now because escalating conflict in the Middle East has triggered another oil shock. Countries are now searching for new sources of supply from one of the world’s main energy-producing regions, and few can replace that output quickly.
Federal Energy Minister Tim Hodgson says countries are already contacting Canada to ask how Canadian producers could help fill the gap.
“The world right now is feeling incredibly insecure,” Hodgson said in an interview with CBC News. “So, we’ve already seen an uptick in inquiries about how quickly Canada can expand its clean and conventional energy exports.”
A decade of Liberal government policies means Canada cannot support its allies’ energy needs.Getty Images
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