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The Decibel

The pressure is on for Canada to meet growing energy demand

5/8/202625 min

The war in Iran has radically changed the way that oil and gas moves around the globe. Since the war began, North American energy exports – such as petroleum and liquefied natural gas – have increased. Now, there is pressure on Canada to meet the increased demand.

The Globe’s energy reporter, Emma Graney, is on the show to explain how some Canadian companies are changing course to try to meet that demand, what’s getting in the way for other Canadian companies to do the same and what all this means for a transition away from fossil fuels.

Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com

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Clips

IEA chief: Canada too slow
The speed-versus-democracy tightrope
Pipeline capacity explained simply
The ghost of Keystone returns
Suncor’s jet-fuel pivot pays
Crisis reshapes the transition
Irving’s supply puzzle emerges
Red tape on the Atlantic coast

Transcript preview

First 90 seconds

  1. Cheryl Sutherland· Host0:00

    [bell dings] The war in Iran has radically changed the way that energy moves around the globe, and the pressure is on for Canada to rise to meet the increased demand. [upbeat music] The head of the International Energy Agency is in Canada this week, and he says in order to meet that demand, Canada needs to get energy infrastructure projects moving fast. So today, we're talking to Emma Graney. She reports on energy for The Globe. She's gonna walk us through how the global scramble for oil is playing out in Canada, what's getting in the way of Canadian companies being able to meet the moment, and what this means for a transition away from fossil fuels. I'm Cheryl Sutherland, and this is The Decibel from The Globe and Mail. Hi, Emma. Great to see you.

  2. Emma Graney· Guest0:54

    Hey.

  3. Cheryl Sutherland· Host0:55

    So let's start with the shift in where the world is sourcing its oil. How has that changed since the Strait of Hormuz has been closed?

  4. Emma Graney· Guest1:03

    Oh, it's been a massive shift. I mean, right now there are some 1,600 vessels stuck in the Strait of Hormuz, and this has removed about 20% of global oil and gas supplies, right? So countries that, that really rely on fuel from the Middle East, and that's, you know, largely in the Asia-Pacific region, they're really scrambling to find alternate supplies. So what, what we're seeing is this shift in vessel traffic and destinations

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