Welcome to Net Zero, your daily news bulletin on clean energy and Canadian resource policy.
Prime Minister Justin Trudeau met with British Prime Minister Boris Johnson and Dutch Prime Minister Mark Rutte in London on Monday, where he pledged his support for European nations moving away from Russian energy. The three leaders agreed that Russia is no longer a reliable supplier of oil and gas, but Europe cannot yet turn off the taps and Trudeau remained vague on how much Canada can supply as a replacement.
“What we are seeing is a shift in Europe and elsewhere to understand that Russia is no longer a reliable partner. What Vladimir Putin broke here was trust,” Trudeau said. “We will be there to support, as the world moves beyond Russian oil and even, beyond fossil fuels, to have more renewables in our mix.”
Meanwhile, Rutte said that in the short term a ban is simply not possible for his country or for many in Europe.
“The painful reality is that we are still very dependent on Russian gas and oil,” said the Dutch Prime Minister. the national post has the whole story.
British Prime Minister Boris Johnson has promised to set out an “energy supply strategy” as Britain’s climate policies and gas production have come under scrutiny during the Ukraine crisis. Johnson said the UK needed to invest in more nuclear and renewable sources to increase energy supply. BBC News has the details.
Also in Europe, the European Commission’s climate policy chief said the EU could wean itself off Russian gas within a few years and start reducing its dependence within months.
“It’s not easy, but it can be done,” Frans Timmermans told the European Parliament’s environment committee. Reuters to this story.
A new study from the University of Exeter suggests that the Amazon rainforest is heading towards a “tipping point” where trees could die en masse. BBC News also has this story.
Pramod Agrawal, chairman of Coal India, said he wanted the organization reach net zero in three to four years.
Tuesday morning at 9:28 a.m. West Texas Intermediate traded at US$124.36 and Brent Crude at US$129.28.
Indigenous-led groups remain committed to ownership of the Trans Mountain pipeline, even as cost overruns for the pipeline expansion project soar. “We still believe Canada can sell some of this pipeline to Indigenous communities on a commercial basis,” said Paul Poscente, director of Nesika Services. Nesika is a non-profit organization working to help Indigenous communities along the pipeline route acquire an equity stake in Trans Mountain. the Canadian Press see you.
Alberta Premier Jason Kenney said it’s not too late to build the Keystone XL pipeline as the United States sees alternatives to Russian energy sources. “We could turn it around in less than a year,” Kenney said Monday. the Financial position to this story.
Regina Mayor Sandra Masters is urging Russian oligarchs who hold a stake in Evraz to sell their shares. Evraz, a British mining company, employs about 1,700 people at a factory in Regina that produces carbon steel slabs and pipes used in oil and gas pipelines. Radio-Canada News has more of Saskatchewan.
Finally, as gasoline prices hit record highs across the country, electric vehicle owners in Newfoundland and Labrador say nNow is the time to consider ditching gas-powered vehicles for good.
The Canadian Crude Index was trading at US$100.12 and Western Canadian Select at US$105.30 this morning at 9:28 a.m.