Canadian energy – secure and environmentally responsible
Russia’s invasion of Ukraine has highlighted Europe’s energy challenge. Renewable energy alone is not sufficient to maintain reliable supply, so Europe needs reliable oil and gas trading partners with a commitment to emissions reduction.
Canada has the potential to help ease Europe’s energy crisis by supplying reliable, responsibly produced oil and gas either directly to Europe, or by freeing up shipments that would have otherwise gone to Asia-Pacific countries.
More Canadian oil and gas on world markets would help improve energy security in Europe and beyond, and help reduce emissions over the long term.
Canadian LNG: The Responsible Choice to Meet Demand
Amid the energy crisis, many European Union countries are racing to build new liquefied natural gas (LNG) import terminals to keep the lights on and the heat running. LNG from Canada could help.
New terminals on Canada’s east coast can provide a direct line to Europe. And LNG shipped from the west coast can help too, by diverting other world shipments to Europe. More available natural gas supply means less need to use coal, and less need to rely on questionable suppliers like Russia.
Where does Europe get its oil & gas?
Like many regions, Europe has relied on unreliable countries for its oil and gas imports. Before the invasion of Ukraine, Russia supplied Europe with about 40% of natural gas imports and more than 30% of its imports, according to BP’s latest world energy outlook.
Europe needs reliable energy partners. Canada can help.
Europe needs responsible supplies of oil and gas now and in the future.
While Europe’s energy supply from renewable sources like wind and solar is growing, oil and gas will remain critical to the energy mix for decades to come. Oil and natural gas are expected to still supply nearly 30% of Europe’s energy demand in 2050, according to BP’s latest world energy outlook.
Canada can help meet Europe’s energy needs.
Canada is one of the world’s largest producers of oil and natural gas, and leads the world in environmental protection and social standards.
Europe needs reliable, affordable, responsibly produced oil and gas now, and will long into the future on the path to decarbonization.
So as Europe continues to need oil and gas for decades to come, where will you get yours from?
Look to Canada.
For a reliable trading partner. For energy security. For a commitment to reducing emissions. And for responsibly produced oil and gas.
Explore More Content
Want to know more about how responsible Canadian energy is produced? Explore the articles below to learn about Canada’s leading environmental, social and governance (ESG) standards.
How Canadian LNG can help provide reliable energy to Europe
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