Canada’s current climate policies, outlined in a number of federal plans that have been introduced over the past several years, could cause future energy insecurity while increasing oil and gas prices, says a new paper.
“Oil and gas are vital to our mutual security and our energy advantages should not be frittered away,” reads the paper “The Fallacies Undermining Energy Security” published by the Fraser Institute on Nov. 24.
“The wrong climate policy at the wrong time gave Russian President Vladimir Putin an undeserved financial bonus,” says the paper, which was penned by former Prime Minister Brian Mulroney’s chief of staff Derek Burney, who also served for some time as Canada’s ambassador to the United States….