Canada’s role in global energy security: practical considerations for a low-carbon transition

Abstract

ABSTRACT As the holder of the some of the world’s largest reserves of oil and gas, along with world class deposits of many critical minerals needed for the energy transition, Canada is well-positioned to meet the energy needs of our allies and partners. Canada must act fast to remove impediments to energy investment, production and export capacity at a time when geopolitics is upending global energy markets and demand and supply are becoming unbalanced. Stable, secure and affordable energy supplies are vital to human well-being and economic development. Canada has the capacity to play a role in ensuring the energy transition occurs in a way that does not create unnecessary economic hardship, foment inequality and civil unrest, or threaten global energy security.