April 23, 2022 - There's no time to waste—the world needs Canadian energy now

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April 23, 2022

There's no time to waste-- the world needs Canadian energy now by Eric Nuttall
Appeared in the Financial Post on April 12, 2022

Gina's Thoughts

"Unless meaningful action is taken on the energy supply crisis, the result will be energy poverty and all-time high oil prices." The author writes that "to the civilized world, purchasing energy from Russia is no longer politically palatable and this will have profound impact on energy markets for years to come. Russia, the world's second-largest oil exporter, will likely be starved of both capital and technical know-how after numerous super majors have announced their exit and the three largest oil service companies pledged no further work in the country, challenging its ability to maintain productive capacity." The phrase "starved of capital" is apt when you consider that divestment proponents are doing their very best to starve Canada's oil and gas sector of capital and investment. Canada has the resources and the opportunity to replace Russia as the free world's oil and gas supplier. Canadian oil and gas companies have "global leadership in all things related to environmental, social and governance". What's missing from the equation is sound and Canada-friendly government policy to enable Canada to capitalize on their energy resources that the world so desperately needs right now.

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