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MNI INTERVIEW2:Canada Can Curb Putin Oil With Govt Aid- Beatty

(MNI) Ottawa
OTTAWA (MNI)

Ukraine war means long-term opportunity for Canada if domestic politics shift, former minister says.

Canada could displace Russian supplies of energy, strategic minerals and food but needs government backing for new investments such as pipelines, former revenue minister and national chamber of commerce chief Perrin Beatty told MNI.

Political pressure has bottled up Canada's energy exports in recent years, something that may shift as Russia's aggression creates a lasting need for energy from more democratic and reliable sources, Beatty said. The government's budget released late Thursday suggests more willingness but a bigger change of heart is needed, he said.

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Canada could displace Russian supplies of energy, strategic minerals and food but needs government backing for new investments such as pipelines, former revenue minister and national chamber of commerce chief Perrin Beatty told MNI.

Political pressure has bottled up Canada's energy exports in recent years, something that may shift as Russia's aggression creates a lasting need for energy from more democratic and reliable sources, Beatty said. The government's budget released late Thursday suggests more willingness but a bigger change of heart is needed, he said.

Keep reading...Show less