The resulting impact on the cost of producing electricity is massive: French one-year electricity forward contracts last week traded at 1,000 euros per megawatt, up a staggering 22 times from its 2010-2020 average of only 45 euros.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Canada is an energy powerhouse with the ability to satisfy much of the world’s growing energy needs for decades to come. We are blessed with an abundance of oil and natural gas, both produced to the highest environmental standards anywhere in the world. Furthermore, the energy sector is a massive contributor to the Canadian economy, providing extremely well-paying jobs that directly and indirectly are responsible for as much as 15 per cent of Canada’s GDP.
With such enormous energy riches in a world literally begging for us to produce them, it is enormously frustrating to see us not take full advantage.Article content Canada is the world’s fifth-largest natural gas producer and when accounting for unbooked reserves in our Montney natural gas play, it has many decades of remaining inventory.
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