Scotiabank
Canada's Role in Global Energy Resilience
Pages
7
Time to read
21 mins
Publication
Language
English
Pages
7
Time to read
21 mins
Publication
Language
English
This report discusses Canada's potential to enhance global energy resilience amidst geopolitical tensions and energy security challenges. It outlines the complexities of global energy systems, emphasizing the need for a robust energy strategy that balances conventional and clean energy sources. The document highlights the risks associated with over-reliance on specific regions for energy resources, particularly in light of recent geopolitical events such as the Russian invasion of Ukraine. It details Canada's strengths in energy resources and the importance of addressing underinvestment to capitalize on its potential as a reliable energy supplier. The report also examines the shifting dynamics in energy demand and the implications of governance deficits in resource-rich regions. It concludes by stressing the urgency for Canada to act decisively to secure its energy future and contribute to global stability, while navigating the complexities of energy supply chains and market demands.