In Germany, the spike in natural gas prices caused electricity prices to rise.
Ottawa's hard cap on greenhouse gas emissions in the oil and gas sector will only make matters worse.
The Trudeau government has increased uncertainty in the project approval process.
The legislation includes subjective criteria including the “social impact” of energy investment and its “gender implications."
Biden’s climate plan aims to wean the U.S. off of fossil fuels.
Investment in Canada’s oil and gas sector has declined by 35 per cent.
Last year, more than 20 per cent of the country’s exports came from energy.
The Trudeau government’s national carbon tax will increase costs in the petroleum manufacturing sector by 25 per cent.