The 2022 United Nations Climate Change Conference (COP27) came and went with less fanfare than these gatherings usually have. The annual gabfest provides the opportunity for activists, politicians, and celebrities to fly private jets across the world to gather in luxury hotels and chide people for their consumption of petrochemical products.
Usually, many nations set commitments to end or reduce fossil fuel use on long timelines that are rarely if ever met. This time, in a surprise move, Environment Minister Steven Guilbeault resisted pressure to sign a commitment being pushed by India to completely phase out fossil fuels. Guilbeault wasn’t alone, and debate was heated among nations before the initiative ultimately failed to make the cut for COP27 commitments.
One must wonder, has pragmatism finally taken hold among nations attending these summits?
Has the world energy crisis added a much-needed sense of realism to countries when they consider making commitments to end the use of fossil fuels?
Inflation and the cost of living are top-of-mind issues among Canadians right now. In Europe, energy security dominates discussion as northern nations face a long, cold winter due to a spike in natural gas costs. European dependence upon Russian energy supplies while opposing Russia’s invasion of Ukraine has been diplomatically humiliating. A new understanding of the importance of fossil fuels is sinking in for the most strident environmentalists, even if grudgingly.
The COP27 participants pivoted toward a push to compensate developing nations for loss and damage incurred due to climate change and came up with an agreement. They had to come out of the meeting with something to show for it.
If the Canadian government is finally recognizing the importance of petrochemical products worldwide, perhaps that newfound pragmatism could be used to expand the production and exports of oil and gas products. As a supplier of some of the world’s cleanest and most ethically produced petrochemical products, Canada could make the case for increased production on both a humanitarian and environmental basis.
Reliable, affordable energy is a key component for the advancement of any developing nation. While it makes for nice photo ops to fund solar and wind projects in developing countries, it doesn’t really help citizens improve their lot in life. They need modern farm equipment, streamlined supply chains, local tech ability, and competitive manufacturing facilities to bring about local prosperity. They need steady petrochemical and nuclear energy sources to do all that. Canada can provide both.
It is hard to envision Prime Minister Trudeau supporting the expansion of petrochemical development in Canada, considering how much political capital he has invested into fighting climate change. Who would have expected somebody like Steven Guilbeault to oppose an initiative to phase out fossil fuels, though? His orders had to come from above.
Canada demonstrated a reluctance to reduce petrochemical development at COP27. It’s not impossible to believe the government could be convinced to foster an expansion in the production and exports of energy products. The moral case to do so is there, along with the economic one. It may not be a bridge too far to convince the prime minister of this.