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G7 Climate Realism Signals Policy Progress

The June G7 Summit in Évian-les-Bains, France, marked a major pivot. Driven by severe energy and commodity shocks stemming from the conflict in the Middle East—specifically transit disruptions in the Strait of Hormuz—G7 leaders overwhelmingly prioritized energy security, affordability, price insulation, and survival of the fossil fuel supply chain over aggressive timelines for reducing greenhouse gas emissions. 

Who could have predicted that, rather than condemning oil and gas, the powerful torchbearers of hostility toward hydrocarbons would seek to improve the flow of abundant and affordable energy. 

The G7’s decision does not end climate politics, but it does mark a return to the better instincts of energy policy: Test claims against evidence, weigh costs against benefits, and value the importance of energy to human progress.The summit highlighted Canada’s potential to deliver additional capacity to energy markets over the coming years. Until recently, Canada’s leadership was hellbent on the net-zero agenda, refusing to fully utilize domestic reserves. Now, it is looking to expand oil and gas supplies in cooperation with other G7 members—the U.S., the U.K., France, Germany, Italy, and Japan.

The present U.S. administration is a model for other countries, openly rejecting climate dogma that dominated energy policy for decades. In that sense,........

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