Once considered the Bank of England’s greenest-ever governor, Mark Carney has seemingly undergone a Damascene conversion. During his time at Threadneedle Street, he called on the world to leave 80pc of oil and gas in the ground. But now, as Canada’s new prime minister, he wants to pump as much as he can to protect the country’s economy from Donald Trump’s trade war. Canada is going to become an energy powerhouse, Carney told reporters last week. And he didn’t mean just in renewables. “When I talk about being an energy superpower, I mean in both clean and conventional energies,” he said. “And yes, that does mean oil and gas. “It means using our oil and gas here in Canada to displace imports wherever possible, particularly from the United States.

Telegraph 14th June 2025 read more »