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Thursday, May 7, 2026

'IEA Head Calls on Canada to Move Faster on Energy Amid Supply Shock'

 


The head of the International Energy Agency is urging Canada to move more quickly to develop and export its energy resources, warning that market conditions will only favor the country for so long.

Typically, countries buy energy based on price. But in the aftermath of the Iran war, “there will be an energy security risk premium,” Fatih Birol, the IEA’s executive director, told a policy conference in Toronto on Thursday. As a result, “the most important resource, or card, that Canada has today is trust.”

https://www.bloomberg.com/news/articles/2026-05-07/iea-head-calls-on-canada-to-move-faster-on-energy-amid-supply-shock

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