E381 - Current & Critical - Emily Kyne, An Energy Sector Deep Dive Discussion - Where Are We and Where Are We Headed
“We [could] be much more beholden to other countries like China, ironically, who needs us for the upstream because they are a net importer because they have built out huge amounts of refining capacity. Second only to the US.”
Canada’s energy transition is necessary but complex. Emily sheds light on the regulatory risks and government interventions that can have unintended consequences in the energy market. She points to a recent decision by the United States to release 180M barrels of crude oil onto the market and its repercussions on pipelines and the flow of Canadian crude to export terminals. Emily also highlights the multidimensional nature of energy markets involving disciplines such as finance, geopolitics, and physics. She emphasizes the importance of stepping back to consider the bigger picture and objectives regarding energy transitions, acknowledging that they may take longer than expected.