Tim Hodgson

Canada to Contribute 23.6 Million Barrels to Record IEA Oil Release

Canada to Contribute 23.6 Million Barrels to Record IEA Oil Release

Ottawa (Rajeev Sharma) — Canada has officially committed to supplying 23.6 million barrels of oil as part of a historic, coordinated effort by the International Energy Agency (IEA) to stabilize global energy markets. Energy and Natural Resources Minister Tim Hodgson announced the move, following the IEA’s decision to release a total of 400 million barrels from strategic stockpiles worldwide. This represents the largest emergency oil release in the agency's history, more than doubling the previous record set during the 2022 Ukraine crisis. The IEA’s emergency measure is a direct response to the "unprecedented" volatility caused by the ongoing U.S.-Iran war,…
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Canada Set to Unveil Comprehensive Electricity and Nuclear Strategy to Bolster Energy Security

Canada Set to Unveil Comprehensive Electricity and Nuclear Strategy to Bolster Energy Security

Ottawa (Rajeev Sharma) — The federal government is poised to release a definitive new electricity and nuclear strategy in the coming weeks, aiming to modernize the national power grid and cement Canada's position as a global leader in clean energy. Minister of Energy and Natural Resources Tim Hodgson announced on Thursday, March 5, 2026, that the upcoming framework will provide a clear roadmap for achieving a net-zero emissions grid while addressing the surging demand for reliable, baseload power. The strategy arrives at a critical juncture for Canadian energy policy. Earlier this week, during Prime Minister Mark Carney’s state visit to…
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