Kenneth P. Green
VANCOUVER, BC – When we talk about energy policy here in Canada, whether provincial or national, the discussion usually revolves around investment, jobs, revenues, and the environment. That’s generally been the terms of discussion on the recently killed Northern Gateway pipeline: who’ll get the money, who’ll get the jobs, and who’ll bear the risk.
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A recent Fraser Institute report drills into the issue of Canada’s energy security, drawing from an International Index of Energy Security Risk compiled by the Institute for 21st Century Energy, an offshoot of the U.S. Chamber of Commerce. The Index assesses risks to energy security in 25 countries (using 28 criteria) that constitute the world’s largest energy users over the years 1980 to 2010. Canada makes a strong showing, coming in at number eight in the Index in the 2012 report, but that needs to be taken in perspective: Canada’s energy security risk has been increasing from 2009, and her place on the index is falling: Canada ranked seventh as of 2009. Canada’s ranking is one rank down from the United States.
With regard to Canada, the Chamber’s International Index concludes that: “On balance, Canada’s energy security is about average, but it has tremendous potential to improve its own security. It can also contribute to better the energy security for other nations through further development of its oil sands.”
Read the full article at Troy Media.