Canada meets our IEA responsibilities through our role as a major producer and exporter of oil to the world. We are the world’s fourth-largest oil supplier and the largest within the IEA. We will support this collective action with 23.6 million Canadian barrels, produced by our industry and co-ordinated with the federal and provincial governments. Our natural gas exports will also expand in the coming months, providing additional fuel to allies around the world.
Canada meets our IEA responsibilities through our role as a major producer and exporter of oil to the world. We are the world’s fourth-largest oil supplier and the largest within the IEA. We will support this collective action with 23.6 million Canadian barrels, produced by our industry and co-ordinated with the federal and provincial governments. Our natural gas exports will also expand in the coming months, providing additional fuel to allies around the world.
Five decades after the G7’s founding in 1975, Ministers discussed the strategic role for continued G7 leadership in the context of global multilateral efforts, through domestic and global action and investments, in pursuit of energy and environmental objectives.
The G7 Ministers of Energy underscore the evolving scope of energy security and its impact on growth, competitiveness, and broader national and economic security
In the face of heightened global challenges and technological competition, we recognize that cooperation among G7 partners, trusted partners, industry, and international partners, to address the energy challenges of AI and harness the innovative potential of AI, is key to the success of our economies' digital transition, as well as broader energy, economic and national security imperatives. We have a shared ambition that AI data centers be reliably and cost-effectively powered through the adoption of technical and market-based solutions, such as optimizing the resource management and demand-side response related to the energy requirements of AI and data centres, in a manner consistent with domestic priorities and applicable international commitments.
We, the G7 Energy Ministers, condemn Russia’s war against Ukraine, and its impact on their energy security. We reaffirm our unwavering support for Ukraine in defending its territorial integrity and right to exist, and its freedom, sovereignty and independence. We share our united support for Ukraine and the Ukrainian people, who have shown bravery and resilience in the face of continued adversity. We support Ukraine's path towards further European integration, one that prioritizes transparency and strong governance standards.
Those countries that opt to use nuclear energy, or to support its use, are committed to advancing research, development, and deployment of innovative nuclear technologies, including small modular reactors and advanced reactors. This includes sharing national best practices, facilitating access to financing tools, promoting clear, safe and efficient licensing approaches, and reinforcing coordination on commercial projects among G7 members and with partner countries. This also includes recognition of nuclear energy as a non-emitting baseload energy source consistent with national priorities and international commitments.
