Abandoning fossil fuels plunging many Europeans into darkness
Natural gas in Europe rising to five times what it was in early 2021
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Author: Mark Milke
Oil and gas extraction sector contributes $53B to federal finances
Alberta’s resource extraction is significant, and much of its revenues (as well as other economic activity and taxes) end up in provinces such as Quebec via federal transfers
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Canada missing out on $1.2-trillion EU natural gas market
According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves
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Europe remains dependent on imported oil from repressive states
Its policies on renewable energy mean that dependence will only deepen
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Canadian oil and gas sector has huge impact in U.S.
The reality is, Canadians have a significant stake in the United States oil and gas industry
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