The federal government says it hasn’t enacted any policies to release the 23.6 million barrels of oil it had committed to as part of a multi-country effort to bring down fuel prices amid the Iran war.
Energy Minister Tim Hodgson said “regular commercial mechanisms” would be used to produce and export the extra oil but the government would not use “any legislative, regulatory or policy instruments to contribute to this collective action.” He made the comments in a June 5 response to an order paper question submitted by Conservative MP Michael Kram.
Hodgson had announced on March 13 that Canada would release 23.6 million barrels to support the efforts, and that the oil would be “produced by our industry and co-ordinated with the federal and provincial governments.”…