B1 DAILY STORY
World 17 Jun 2026
G7 backs Canada as major global energy supplier to lessen reliance on Strait of Hormuz
Canada is poised to become a key and reliable supplier of energy to the G7 after leaders meeting in France embraced this country's potential to deliver "significant additional capacity" to global markets to reduce dependence on oil and gas coming through the Strait of Hormuz.
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Canada is poised to become a key and reliable supplier of energy to the G7 after leaders meeting. In France embraced this country's potential to deliver "important additional capacity" to global markets to reduce dependence on oil and. Gas coming through the Strait of Hormuz. "We commit to accelerate the diversification of energy supply routes in order to reduce global vulnerability to the. Strait of Hormuz and to increase our energy stocks," said a joint statement by G7 leaders in Évian-les-Bains, France, on Wednesday. "We welcome the potential for Canada to deliver important additional capacity to global markets in the coming years.". Prime Minister Mark Carney also announced new partnerships on critical minerals that his office said "will unlock more. Than $5 billion in capital investment for projects across the Canadian critical minerals value chain." Canada can provide.
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