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The ongoing conflict in the Middle East has disrupted global markets for crude oil and liquefied natural gas (LNG), triggering worldwide price spikes and raising doubts about the reliability of the hydrocarbon-rich Middle East region as an energy supplier. These developments have also pushed up energy prices in Canada.

FINLAYSON: Canada’s move away from fossil fuels remains greatly exaggerated Back to video

On the domestic policy front, the federal government and the Alberta government recently inked an agreement to develop a new oil pipeline to the west coast as part of a wider accord that envisages the further expansion of Canadian oil production along with a reaffirmation of Ottawa’s climate change goals. Meanwhile, the federal and British Columbia governments are collaborating to build out a global-scale LNG industry to leverage robust global demand for natural gas.

The Carney government has also pledged to double national electricity........

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