Tom Balmforth

KYIV, Reuters – Canada hopes to be a great energy partner to Europe. However, it won’t abandon its climate goals nor plan to shift to cleaner fuels.

Unannounced, Trudeau visited Ukraine and said that he believes in the Bank of Canada’s efforts to curb three-decades of inflation. Trudeau stated earlier that Canada will supply new weapons and equipment to Ukraine, as well as reopening its Embassy in Kyiv.

Canada’s March roadmap to 2030 climate targets was released. The detailed plan included spending plans of C$9.1billion ($7.3billion) to lower planet-warming carbon emission. After years of failure to reach its objectives, the document also included C$9.1billion (C$9.1 billion). Canada plans to lower carbon emissions between 40 and 45 percent below 2005 levels by 2030.

Canada’s worst-polluting industry is oil and natural gas. It accounts for 26% in total emissions. For the government to reach its target, oil and gas would have to reduce their emissions by drastic measures.

Trudeau declared that Canada was one of the top oil and gas producers worldwide, while at the same moment, he said Canada must move faster to achieve net zero.

According to Canada’s natural resource minister, Repsol (OTC) and Pieridae Energy (the companies behind the proposed east coast liquefied gas (LNG export facilities), the government has been in discussions with them to speed up their projects and boost supplies to Europe. [L2N2WY1YV]

Trudeau declared on Sunday that while “We’re seeking to be good energy partners with our European friends, but we are never slowing in our fight for climate change.”

Part of this is recognizing that infrastructures that can be used to produce LNG can also be used to make hydrogen and ammonia. This could help fuel the transition from fossil fuels.

Reporting from Kyiv by Tom Balmforth; Writing in Toronto, Amran Abocar and editing by Diane Craft