Sourced fact
The News
Dr. Walaa-Eldeen Bakry, Principal Lecturer in Project Management and Finance and Director of Executive Education at Westminster Business School, told FRANCE 24 that Canada is aiming to diversify its energy trade policy, making it a reliable export destination for the European Union.
Analysis & context
Analysis & Context
Analytically, diversifying energy exports is Canada's attempt to strengthen its position in the global market and insulate itself from global fluctuations. In turn, the European Union is seeking to enhance its energy independence and reduce its reliance on other suppliers.
In a broader context, Canada faces challenges in diversifying its energy markets due to climate change and the increasing prevalence of renewable energy policies in Europe.
