Ascencio and Miller: Canada and Japan can work together against Russia's weaponizing of energy

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Our energy stocks could significantly help allies maintain Moscow\u0027s economic isolation by relieving some of their dependence on Russian oil and gas.

Illustrating this in real time, Canadians were intrigued to see German Chancellor Olaf Scholz personally visit Canada — with our conspicuous natural resource wealth — last week to pursue such a relationship.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Japan’s commitment to maintain energy interests in Russia is a contradiction to its initial response to the invasion of Ukraine. Initially joining its G7 allies by imposing export controls and banning Russian coal imports, Prime Minister Fumio Kishida recently acknowledged that the need to maintain stable energy supplies has prevented Japan from cutting all ties with Moscow.Article content

Canada is currently the world’s fifth-largest producer of oil and the fourth-largest producer of natural gas. Both Canada and Japan are global leaders in hydrogen energy innovation and both have already released hydrogen strategies to support growth and development of the hydrogen sector.Article content

 

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