Thursday, September 21, 2023
No Result
View All Result
  • Media
Support Us
Macdonald-Laurier Institute
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video
No Result
View All Result
Macdonald-Laurier Institute

Leveraging Canada’s strategic energy resources in the Indo-Pacific: New MLI report

April 2, 2020
in Canada and the Indo-Pacific Initiative, Domestic Policy Program, Economic policy, Energy, Energy - papers, Foreign Affairs, Foreign Policy Program, Indo-Pacific, Latest News, Papers, Releases
Reading Time: 3 mins read
A A

OTTAWA, ON (April 2, 2020): The world is currently in the throes of the COVID-19 pandemic while at the same time Russia and Saudi Arabia are in the midst of an oil price war. The result has been tanking oil prices and another punishing hit to Canada’s beleaguered oil and gas sector.

To avoid future squeezes domestically and to prevent our allies from having their energy supplies subjected to the whims of bad global actors, Canada needs a new approach to both its strategic energy resources and these broader geostrategic challenges.

In a new MLI paper titled “Canada’s Strategic Energy Resources: Why prioritizing the Indo-Pacific will benefit Canada and our allies,” Jeff Kucharski offers a bold vision of a Canadian strategic energy resources strategy – one that would advance our national interests in the rapidly changing and challenging Indo-Pacific region and beyond.

The Indo-Pacific will lead global demand for energy for at least the next several decades, driven by continued economic expansion and a population growth of about 4.3 billion people. According to the International Energy Agency, the Indo-Pacific region will account for approximately 60 percent of the global growth in energy demand by 2040.

Alongside the substantial future energy demand, energy security is a major concern in the region, especially among those countries most dependent on imports. China, Japan, India, and South Korea are the world’s largest importers of crude oil. All but China rely on imports for 80 percent or more of their energy needs, with the largest energy exporters to the region mostly residing in the turbulent Middle East.

“Rising tensions in the South China Sea, resource competition, coercive tactics, and the militarization of disputed territories all pose potential threats to security in the region,” notes Kucharski.

While still relatively small compared to other major exporters, Canada could have a significant impact on Indo-Pacific energy markets and on improving energy security in those countries by reducing their reliance on imports of energy from the Middle East. As Kucharski adds, “Canada’s economic future depends, in large part, on how we position ourselves to deal with both the opportunities and the challenges in the Indo-Pacific region.”

Kucharski proposes five policy recommendations, each aimed at preparing Canada to ensure it gains its full value of its strategic energy resources in the future as demand in the world’s largest energy market, the Indo-Pacific, continues to grow. These recommendations include:

  • Developing an integrated approach to energy, trade, climate, and foreign policy, as part of an Indo-Pacific Strategy and a Strategic Energy Resources Strategy;
  • Leveraging Canada’s advantages in strategic energy resources, which would require showing resolve in getting Canadian oil and gas to Pacific ports, particularly the Trans Mountain and Coastal Gas Link projects;
  • Setting a target for crude oil export of at least 600,000 barrels per day of capacity for offshore markets;
  • Partnering with Japan, the US, ASEAN, and other jurisdictions on energy and security initiatives in the Indo-Pacific, such as the “Free and Open Indo-Pacific” vision and Asia EDGE (Enhancing Development and Growth through Energy);
  • Forging meaningful and effective strategic partnership agreements in the region starting with Japan.

A strong and healthy energy sector is vitally important to lifting Canada out of recession and sustaining a recovery in the Canadian economy. But beyond that, policy-makers need to take a long-term view and recognize the important role that Canada’s energy sector can play as energy demand continues to grow, particularly in the Indo-Pacific. Treating energy resources as “strategic” will contribute to economic prosperity at home while enhancing the energy security of our allies in the Indo-Pacific.

To learn more about for the important role that Canada’s energy resources can play in a broader Indo-Pacific strategy, read the full report here.

***

Jeff Kucharski is a strategic thinker, policy entrepreneur and academic. He is currently an Adjunct Faculty member at Royal Roads University in Victoria, BC. His public service career included executive and senior management roles in five Alberta government ministries as well as foreign postings in Asia, including with the Federal Department of Foreign Affairs and International Trade.

For more information please contact:

Brett Byers
Communications and Digital Media Manager
613-482-8327 x105
brett.byers@macdonaldlaurier.ca

Share this:
Tags: energyForeign AffairsIndo- PacificJeff KucharskiLNGNatural Resource EconomyoilRare earth elements
Previous Post

Facing the Human and Economic Costs of Fighting COVID-19: New MLI Commentary

Next Post

Canada’s economy is staring down its greatest challenge yet: MLI’s Leading Economic Indicator

Related Posts

Romanian Energy Minister, Sebastian Burduja, talks energy security with Jonathan Berkshire Miller
Video

Romanian Energy Minister, Sebastian Burduja, talks energy security with Jonathan Berkshire Miller

September 21, 2023
Canada-Japan cooperation to counter China’s disinformation campaigns: Charles Burton for Inside Policy
Columns

It’s time for Canada to implement a foreign policy reset: Stephen Nagy in the Japan Times

September 21, 2023
Covid-19, the test bioethics failed: Tom Koch for Inside Policy
Inside Policy

Covid-19, the test bioethics failed: Tom Koch for Inside Policy

September 21, 2023
Next Post
Philip Cross

Canada’s economy is staring down its greatest challenge yet: MLI’s Leading Economic Indicator

Newsletter Signup

Follow us on

Macdonald-Laurier Institute

323 Chapel Street, Suite #300
Ottawa, Ontario, K1N 7Z2 Canada

613.482.8327

info@macdonaldlaurier.ca
MLI directory

Support Us

Support the Macdonald-Laurier Institute to help ensure that Canada is one of the best governed countries in the world. Click below to learn more or become a sponsor.

Support Us

  • Inside Policy Magazine
  • Annual Reports
  • Jobs
  • Privacy Policy

© 2021 Macdonald-Laurier Institute. All Rights reserved.

No Result
View All Result
  • Home
  • About
    • Who We Are
    • Who Makes MLI Work
    • Tenth Anniversary
  • Experts
    • Experts Directory
    • In Memoriam
  • Issues
    • Domestic Policy
      • Agriculture and Agri-Food
      • Canada’s Political Tradition
      • Economic policy
      • Health Care
      • Innovation
      • Justice
      • Social issues
      • Telecoms
    • Energy Policy
      • Energy
      • Environment
    • Foreign Policy
      • Foreign Affairs
      • National Defence
      • National Security
    • Indigenous Affairs
  • Projects
    • The Great Energy Crisis
    • Centre for Advancing Canada’s Interests Abroad
    • Dragon at the Door
    • Canada and the Indo-Pacific Initiative
    • The Transatlantic Program
    • DisInfoWatch.org
    • Competition Policy in Canada
    • Speak for Ourselves
    • Justice Report Card
    • COVID Misery Index
      • Provincial COVID Misery Index
      • Beyond Lockdown
      • COVID and after: A mandate for recovery
    • Indigenous Prosperity at a Crossroads
      • Aboriginal Canada and Natural Resources
    • Past Projects
      • The Eavesdropping Dragon: Huawei
      • Talkin’ in the Free World with Mariam Memarsadeghi
      • An Intellectual Property Strategy for Canada
      • Munk Senior Fellows
      • A Mandate for Canada
      • Confederation Series
      • Fiscal Reform
      • The Canadian Century project
      • Fixing Canadian health care
      • Internal trade
      • From a mandate for change
      • Size of government in Canada
      • Straight Talk
      • Labour Market Report
      • Leading Economic Indicator
  • Events
    • Upcoming Events
    • Past Events
      • MLI Dinners
      • Great Canadian Debates
  • Latest News
  • Libraries
    • Inside Policy
    • Papers
    • Commentary
    • Columns
    • Books
    • Video

© 2021 Macdonald-Laurier Institute. All Rights reserved.

IDEAS CHANGE THE WORLD!Have the latest Canadian thought leadership delivered straight to your inbox.
First Name
Last Name
Email address

No thanks, I’m not interested.