Canada to increase oil, gas exports amid push to displace Russia | Oil and Gas News

Canada says transfer comes after European allies stated they ‘need assistance’ as they transfer to finish dependence on Russian provides.

Canada plans to extend oil and fuel exports this yr by as much as 300,000 barrels per day, the nation’s pure assets minister has stated, as nations search to wean themselves off Russian vitality provides amid the battle in Ukraine.

Minister Jonathan Wilkinson stated in an announcement on Thursday that the transfer – which might quantity to a rise of about 5 p.c – goals to assist Canada’s allies reply to “an vitality safety disaster” attributable to Russia’s ongoing invasion.

“Our European pals and allies want Canada and others to step up,” stated Wilkinson, who was in Paris to take part in a gathering on the Worldwide Power Company (IEA) headquarters.

“They’re telling us they want our assist in getting off Russian oil and fuel within the quick time period, whereas rushing up the vitality transition throughout the continent. Canada is uniquely positioned to assist with each.”

Russia gives a big portion of Europe’s vitality provides, however because it launched its all-out invasion of Ukraine late final month, European leaders have stated they plan to scale back their dependence on oil and pure fuel from Moscow.

The battle additionally has led to a surge in gas costs, after a number of nations, together with the USA and Canada, barred imports of Russian vitality to stress Russian President Vladimir Putin to finish the offensive.

Canada, residence to the tar sands of northern Alberta, is the fourth-largest oil producer on the planet after Russia, Saudi Arabia and the US, and for weeks, pro-oil Canadian politicians have referred to as for the enlargement of fossil gas tasks in response to the Ukraine disaster.

However that push has been rejected by environmentalists, who say filling the void left by Russia would worsen the local weather disaster, in addition to different specialists who’ve identified that Canada doesn’t have the infrastructure essential to quickly improve exports.

“We all know that fossil fuels are destroying the soundness of the local weather and we all know that dependence on international sources of oil make us weak to political and financial and navy blackmail,” Peter Gleick, a senior fellow on the Pacific Institute in California, informed Al Jazeera in early March.

“So if something,” Gleick added, “[the Ukraine crisis is] a much better alternative to push non-fossil fuels total, moderately than making an attempt to extend our reliance on simply any person else’s fossil fuels.”

That was echoed by the Canadian atmosphere minister, Steven Guilbeault, who informed Canada’s Nationwide Observer on-line newspaper this month that “the answer to international vitality issues is to not improve our dependency on fossil fuels” – however moderately to scale back oil and fuel dependence “no matter the place it’s coming from”.

Thursday’s announcement additionally comes lower than per week earlier than Ottawa releases an in depth plan on the way it will lower carbon emissions. Environmental activists urged the federal government to give attention to changing Russian vitality with cleaner sources.

“The one actual resolution to oil-fuelled aggression in opposition to individuals and the local weather is to speed up the transition off fossil fuels by investing in renewable vitality and effectivity,” stated Greenpeace Canada’s senior vitality strategist Keith Stewart.

Wilkinson, the vitality minister, stated on Thursday that the Canadian authorities can be methods it may displace Russian fuel with liquified pure fuel (LNG) from Canada after requests from European nations.

Wilkinson stated Canada is having conversations with European nations about whether or not it may possibly construct extra LNG tasks. At present, Canada doesn’t export any LNG, however a SHEL.L consortium led by Shell, an oil and fuel firm, is constructing a big facility on the west coast.

Any LNG mission would should be ultra-low emissions and in a position to transport hydrogen in future as Europe weans itself off fossil fuels, Wilkinson stated.

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