Ukraine crisis reveals hard truth that the world isn't ready for the energy transition
Moscow's aggression laid bare the vulnerability of global oil markets, and the ability of bad actors to disrupt energy supply chains, writes Yadullah Hussain.
Canadian producers should also
seek long-term oil contracts with Europe and the U.S. that reflect the
oilsands' environmental efforts and the geopolitical stability they bring to
energy markets. Energy alliances with Asian countries is another key strategy
to blunt the actions of non-democratic actors. Deeper energy ties with
countries such as Japan, South Korea, and Taiwan would provide those countries
with a secure supply of energy, and give Canadian producers a channel to export
natural gas, hydrogen and sustainable energy technologies in the future.