Cynthia Leach and Yadullah Hussain's report for RBC is excellent, outlining how Canada can leverage its natural gas resources to drive economic growth and reduce global emissions. The authors argue that expanding Canada's natural gas production and exports would create new economic activity while also providing major energy importers, like Japan and Germany, access to Canada’s affordable, low-emissions natural gas. RBC presents three main recommendations for policymakers to seize this economic and environmental opportunity:
Asia is seen as a key long-term partner for Canadian LNG exports. However, policymakers must act quickly, as the opportunity window might not be open for long, given the competition and the ongoing changes in the global LNG market.
This report along with recent reports from the Canadian Chamber of Commerce and the Business Council of Canada adds to the growing number of voices calling for Canada to take action on gas energy and LNG. The benefits for the environment, for our allies, for reconciliation and for Canada as a whole are clear.
The full report is available here.