President Biden cancelled major pipeline from Canada on his first day in office.
As war continues in Ukraine, billions going into new oil and gas export province.
Improved pipeline capacity means record high Canadian exports – but Trans Mountain remains crucial.
Natural gas is abundant and widely available in Canada; it burns cleanly in furnaces and boilers that operate at efficiencies greater than 95 per cent.
There are a lot of factors impacting economic recovery – supply chain issues, the tax environment, the cost of shipping, bottlenecks at ports and more.
Provincial natural gas expansion program moves into Phase Two.
Annual World Energy Outlook report from the International Energy Agency projects continued demand growth, possible energy shortfalls.
Demand could double from 2020 to 2040, presenting an opportunity for responsibly produced Canadian LNG.
It’s a lower carbon future with natural gas and oil continuing to provide vital energy security to billions.