Natural Resources Minister Tim Hodgson said Canada will do what it can to help bring down global energy prices, as the conflict in the Middle East drives the price of oil to multi-year highs.
“Canada will do its part to contribute to the world’s supply,” Hodgson told reporters in Parliament on March 11. “That will bring prices down for Canadians.”
Hodgson’s comments came the same day the International Energy Agency, which represents dozens of countries including Canada, announced it had agreed to release 400 million barrels of oil from member countries’ stockpiles.
Hodgson said Ottawa is holding discussions with the country’s energy sector to determine how best to support the release of oil reserves, and he expects to have more to say within a few days….