The War in Ukraine will "accelerate" Canada's transition towards green energy, instead of undermining it, according to Prime Minister Justin Trudeau..During a recent interview with Bloomberg's Akshat Rathi, the prime minister was asked whether the Russia-Ukraine War would delay Canada's energy transition. "No, it's accelerating it," an excited Trudeau responded.."People are saying, 'Wow, we built an economic model and prosperity in some parts of the world, and in Europe, that was reliant on energy inputs from Russia. And people are realizing 'OK, getting off Russian oil and gas means getting on to more oil and gas to replace that from elsewhere," he said..But Trudeau claimed this is also leading to a realization the Western world must "decarbonize" oil and gas and not be reliant on "autocracies.".The prime minister said even though democracies are the "best solution for people around the world," they rely too heavily on cheap energy and raw materials from countries that "do not share our values or our approach."."So we can't actually make a case that democracy is better for the world, that our western civilization in all its forms is better, if it's reliant on authoritarian dictatorships. That's where Canada comes in.".Trudeau said Canada is a resource-rich country similar to Russia and China, but it also has labour and environmental standards, democracy and human rights.."We recognize our challenges and mistakes, and we work to tackle them," he said. "We have freedom of expression and political freedoms that actually make us more reliable, more robust, more resilient trading partners.".The European Union currently in the midst of an energy crisis resulting from Russia, which many nations depend on for oil and gas, reducing exports in response to Western sanctions. In the U.K. and Germany, plans are being drawn up for citizens to drastically reduce energy usage to avoid complete energy blackouts..Despite this, both Trudeau and Germany Chancellor Olaf Scholz did not want to increase Canadian energy exports to the country. Instead, the two suggested their priority is developing cleaner energy sources, like green hydrogen, in Canada for export to Europe..During a question-and-answer session at the Canadian Climate Institute’s conference in Ottawa on Tuesday, Trudeau said Canada's Carbon Tax will help the country meet its emissions target for the first time..Canada failed to meet all eight of its climate emission targets since 1988. In 2020, it failed to meet the target by more than 10%, even as COVID-19 virtually shut down the global economy for weeks.
The War in Ukraine will "accelerate" Canada's transition towards green energy, instead of undermining it, according to Prime Minister Justin Trudeau..During a recent interview with Bloomberg's Akshat Rathi, the prime minister was asked whether the Russia-Ukraine War would delay Canada's energy transition. "No, it's accelerating it," an excited Trudeau responded.."People are saying, 'Wow, we built an economic model and prosperity in some parts of the world, and in Europe, that was reliant on energy inputs from Russia. And people are realizing 'OK, getting off Russian oil and gas means getting on to more oil and gas to replace that from elsewhere," he said..But Trudeau claimed this is also leading to a realization the Western world must "decarbonize" oil and gas and not be reliant on "autocracies.".The prime minister said even though democracies are the "best solution for people around the world," they rely too heavily on cheap energy and raw materials from countries that "do not share our values or our approach."."So we can't actually make a case that democracy is better for the world, that our western civilization in all its forms is better, if it's reliant on authoritarian dictatorships. That's where Canada comes in.".Trudeau said Canada is a resource-rich country similar to Russia and China, but it also has labour and environmental standards, democracy and human rights.."We recognize our challenges and mistakes, and we work to tackle them," he said. "We have freedom of expression and political freedoms that actually make us more reliable, more robust, more resilient trading partners.".The European Union currently in the midst of an energy crisis resulting from Russia, which many nations depend on for oil and gas, reducing exports in response to Western sanctions. In the U.K. and Germany, plans are being drawn up for citizens to drastically reduce energy usage to avoid complete energy blackouts..Despite this, both Trudeau and Germany Chancellor Olaf Scholz did not want to increase Canadian energy exports to the country. Instead, the two suggested their priority is developing cleaner energy sources, like green hydrogen, in Canada for export to Europe..During a question-and-answer session at the Canadian Climate Institute’s conference in Ottawa on Tuesday, Trudeau said Canada's Carbon Tax will help the country meet its emissions target for the first time..Canada failed to meet all eight of its climate emission targets since 1988. In 2020, it failed to meet the target by more than 10%, even as COVID-19 virtually shut down the global economy for weeks.
