Canada still buying Russian natural gas & oil despite issuing inflammatory rhetoric & idle threats
Toronto Sun: 'It would reduce Russia’s revenues by 36%, but the fact it’s unlikely to happen is a lesson for Canada about the importance of being energy independent in a volatile world.
'A total embargo of Russian oil and natural gas exports — called for by Alberta Premier Jason Kenney last week — is not on the table because Russia supplies 40% of Europe’s natural gas and 10% of the world’s oil.
'Most of the natural gas is transported through a pipeline that runs through Ukraine, operated by Russia’s state-owned energy giant Gazprom.
'Despite economic sanctions imposed on Russia we’re told by Prime Minister Justin Trudeau and other world leaders are unprecedented, no one is talking about stopping the flow of natural gas from Russia to Europe.'