Calgary, Alberta, June 27, 2022 (GLOBE NEWSWIRE) — Leaders of the world’s largest economies ought to look to Canada as a serious a part of the answer to the worldwide energy crisis.
That’s the message leaders from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States will likely be greeted with as they arrive for the 2022 G7 summit in Germany this month June 26-28.
The Canadian Energy Centre has launched an promoting campaign focusing on G7 attendees that highlights Canada because the provider of alternative for responsibly produced oil and pure fuel. Russia’s invasion of Ukraine has underscored the significance of oil and fuel in world energy markets, and the long-term problem of sustaining world energy safety.
“Instead of calling on OPEC countries to boost production, G7 leaders should be pushing their ally Canada to step up and accelerate development and export of its own massive resources,” mentioned Tom Olsen, chief govt officer of the Canadian Energy Centre.
The campaign features a newspaper wrap and commercials showing within the Financial Times (Germany and Europe editions) and New York Times (International version) prematurely of G7 conferences that happen June 26 – 28. Also included are unsolicited mail and digital promoting which targets G7 leaders of their dwelling nations, all directing to the campaign web site, LookToCanada.com.
Canada is dwelling to the third-largest oil reserves on the planet, and within the short-term has the power to present the equal of up to 300,000 extra barrels per day. In the intermediate- and long-term, Canada has huge provides of pure fuel which might be ripe for export by liquefied pure fuel (LNG) tasks. Additional – and sorely wanted – pipeline capability may assist guarantee Europe and different continents are by no means held hostage to weaponized energy once more. Canada’s energy producers are leaders when it comes to funding in cleantech, together with carbon seize and storage, and producers representing greater than 95 per cent of oil sands manufacturing dedicated to reaching internet zero emissions by 2050.
“Canada ranks number one among the world’s top oil reserve holders for environmental, social and governance (ESG) performance. Expanding sales of the world’s most responsibly produced oil and gas will decrease reliance on unstable energy suppliers and can help reduce global emissions and meet climate targets,” Olsen mentioned. “In order to make this happen, we need G7 leaders to encourage the Canadian government to remove the barriers that keep us from being able to help our friends through this crisis.”
Alternative and renewable energy is enjoying a rising function in world energy markets, however these applied sciences are usually not but able to offering the dimensions of energy the world wants. The International Energy Agency tasks that renewable energy, which supplied 12 per cent of the worldwide provide in 2020, will rise to 26 per cent by 2050 – whereas oil and fuel are anticipated to proceed to account for 50 per cent of the world’s energy wants in 2050, in contrast to 53 per cent in 2020.
For extra data, go to www.looktocanada.com and www.canadianenergycentre.ca
- G7 commercial
- G7 wraparound advertisment
