Latest news with #SchoolofPublicPolicy
Calgary Herald
16-06-2025
- Business
- Calgary Herald
Varcoe: Oil prices 'to spike higher' as conflict in Middle East casts shadow over G7 energy security talks
Article content Energy markets will also be closely watching to see any signs of potential disruption to Iranian oil supplies, as the country exports about 1.5 million barrels per day. Article content 'Until you really get time to look at the end game here, prices are likely to rise. I don't see it going above $100, but I wouldn't rule it out entirely,' Robert Johnston, senior director of research at the Center on Global Energy Policy at Columbia University, said Sunday. Article content 'The G7 was going to be more focused on Russia, and the U.S. trade agenda and other priorities. They will have to deal with the oil side now.' Article content Analysts say events will make the G7 countries look more intently at how to ensure there's ample access to energy if something disrupts the flow of oil or LNG exports from the countries in the Middle East. Article content Article content 'Even after the Russian invasion, we have not taken energy security seriously — as seriously as we need to,' said Richard Masson, an executive fellow with the University of Calgary's School of Public Policy. Article content 'It's just one more indication that the world is a dangerous place and energy security matters.' Article content Article content Even if Israel and Iran end hostilities within a few weeks, Tehran is unlikely to be a 'reliable supplier of oil to the world for a long time' and it may be difficult for oil shipping firms to obtain insurance to move oil through the Strait of Hormuz, said Masson, a former vice-president of risk management for Nexen Energy. Article content Heading into the summit, U.S. President Donald Trump frequently called on his domestic oil and gas industry to 'drill, baby, drill' and promoted the idea of energy dominance. Article content However, a U.S. EIA report last week — issued before the latest conflict — projected American oil production will dip slightly next year from record levels of 13.5 million bpd, due to expectations of excess supply and weakening prices. Article content Article content The tricky part for the G7 will be to find common ground between the group on what energy security is and how to best reach it, because the idea 'means different things to different people,' said Robert Johnston, incoming director of energy and natural resources at the U of C's School of Public Policy. Article content 'Can Carney put together a common view between the U.S., which sort of sees more supply growth as the answer to the energy security question, versus the Europeans, and to some extent, Canada and Japan, that want supply growth, but also more decarbonization?' he said. Article content And the biggest potential risk the markets will look for in the coming days is a possible attack on tanker traffic in the Strait of Hormuz, damage to Iranian oil-exporting infrastructure, or an attack of onshore oil facilities, such as refining and petrochemical infrastructure in the region, Johnston added.
Calgary Herald
14-06-2025
- Business
- Calgary Herald
Varcoe: 'Keep calm': How Carney can deal with Trump factor to ensure successful G7
For those heading into the Rocky Mountain backcountry, 'don't feed the bears' is always sound advice. Article content For Canada's leader hosting the G7 summit in Kananaskis in the coming days, 'don't poke the bear' might also apply — as Premier Danielle Smith told a Postmedia colleague earlier this year when discussing U.S. President Donald Trump and Canada's approach to tariffs. Article content Article content Article content Former prime ministers, cabinet ministers and international experts say a low-key approach with behind-the-scenes discussions is the best strategy for Prime Minister Mark Carney when he talks with Trump next week about an array of complex geopolitical issues, while U.S. tariffs continue. Article content Article content 'Trump is obviously a wilder card than has been at a lot of these sessions before,' former prime minister Joe Clark said Thursday on the sidelines of a G7-related conference hosted by the University of Calgary's School of Public Policy. Article content 'The constructive management of this conference is what we want to be looking for, rather than home runs . . . One is more likely to make progress with Trump away from the cameras. We'll never get him entirely away from the cameras.' Article content A major clash, such as what unfolded in 2018 after the G7 summit in Charlevoix, Que., highlights the risks of a meeting that doesn't go smoothly. Article content Article content In June 2018, Justin Trudeau criticized American tariffs on steel and aluminum during a wrap-up news conference. Trump, who'd left early, fired back on social media that Canada's prime minister had acted 'meek and mild during our G7 meetings,' but was 'very dishonest and weak' by later telling reporters he wouldn't be pushed around. Article content Article content And that was years before the annexation and '51st state' talk. Article content As Business Council of Canada CEO Goldy Hyder put it on Friday: 'This cannot be a headline of the president feels ganged-up on. That would be a bad outcome. This has to be: reasonable people have met, they agreed to disagree about some things, but here are some things they agreed on.'
Hamilton Spectator
12-06-2025
- Politics
- Hamilton Spectator
Leaders should ignore Trump outbursts at G7 summit: Former PM Chrétien
CALGARY - Former prime minister Jean Chrétien says dignitaries attending next week's G7 leaders summit should pay little mind to U.S. President Donald Trump if he tries to railroad the conversation. Chrétien says leaders can't predict what Trump might do, but he can be a bully and it would be best if the rest of the G7 leaders ignored any outbursts. He also says he supports Prime Minister Mark Carney's inviting India's Prime Minister Narendra Modi despite the ongoing tension between the two countries over foreign interference and the killing of Sikh separatism activist Hardeep Singh Nijjar in B.C. two years ago. Chrétien is one of two former Canadian prime ministers speaking at a conference today ahead of next week's summit in Kananaskis. The conference is being hosted by the University of Calgary's School of Public Policy and the G7 research group, and features a series of panels about past summits and international affairs. Alberta Premier Danielle Smith is set to speak alongside the public policy school's director Martha Hall Findlay about the role her province plays in the global energy market. Former prime minister Joe Clark is to give the closing keynote speech. The university says the conference is meant to bring experts and officials together to explain key issues G7 leaders are facing heading into the summit. This report by The Canadian Press was first published June 12, 2025. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
National Observer
12-06-2025
- Politics
- National Observer
Alberta's Smith, former prime ministers will speak at conference ahead of G7
Two former Canadian prime ministers and Alberta Premier Danielle Smith are among the notable names set to speak at a conference today ahead of next week's G7 leaders' summit in Kananaskis. The conference is hosted by the University of Calgary's School of Public Policy and its G7 research group and will feature a series of panels about past summits and international affairs. Former prime minister Jean Chrétien will speak about past summits hosted in Canada alongside his former deputy prime minister and finance minister John Manley. Later, Alberta's premier is set to speak alongside the public policy school's director Martha Hall Findlay about the role the province plays in the global energy market. Former prime minister Joe Clark is to give the closing keynote speech and offer his thoughts on the day's discussions. The university says the conference is meant to bring experts and officials together to explain key issues G7 leaders are facing heading into next week's summit.
Global News
12-06-2025
- Politics
- Global News
Chretien, Alberta's Smith to speak at conference ahead of G7 summit
Two former Canadian prime ministers and Alberta Premier Danielle Smith are among the notable names set to speak at a conference today ahead of next week's G7 leaders' summit in Kananaskis. The conference is hosted by the University of Calgary's School of Public Policy and its G7 research group and will feature a series of panels about past summits and international affairs. Former prime minister Jean Chrétien will speak about past summits hosted in Canada alongside his former deputy prime minister and finance minister John Manley. 1:56 Heading to Kananaskis? Prepare for restrictions amid G7 summit Later, Alberta's premier is set to speak alongside the public policy school's director Martha Hall Findlay about the role the province plays in the global energy market. Story continues below advertisement Former prime minister Joe Clark is to give the closing keynote speech and offer his thoughts on the day's discussions. The university says the conference is meant to bring experts and officials together to explain key issues G7 leaders are facing heading into next week's summit.
