Ukraine War and the Implications for Global Energy Markets

This week Peter and Jackie talk about Russia’s invasion of Ukraine.  What is the current situation with energy trade flows and markets due to the conflict? How much oil and gas supply could be cut off and what are the alternatives? Could Canadian energy supply help?  Will high oil prices and geopolitical concerns accelerate the energy transition?

Also discussed: 

• Peter’s recent commentary titled “Cold War, Inflation and Spiking Oil Prices: Q&A Through Déjà vu.” 
• The IPCC’s new report “Climate Change 2022: Impacts, Adaptation and Vulnerability.” 
• A study that concludes that low carbon gas supply in British Columbia could be much larger than previously understood “BC Renewable and Low-Carbon Gas Supply Potential.”

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