European Parliament President Roberta Metsola says there is a demand in Europe for Canadian oil and gas, and indicated European Union (EU) countries might be prepared to pay a premium for Canadian conventional energy, as they strive to reduce their reliance on Russia’s resources.
Russia’s invasion of Ukraine left the EU reliant on “a very unreliable partner for gas and oil,” Metsola said during a recent interview on CTV Question Period, and that means the EU is now looking for more reliable partnerships.
The EU has been working to divest itself from Russian energy, both by doubling down on its climate goals but also by looking for alternative sources, Metsola said, noting that its plans for renewable energy are “not enough” to fill the gap….