Prime Minister Mark Carney and Norwegian Prime Minister Jonas Gahr Store touted their reputations as low-risk global oil producers on Saturday, as they met in Oslo and agreed to deepen ties on everything from Arctic security to space, critical minerals and energy.
While most of the emergency release comes from IEA member oil reserves, Canada and Norway, as net oil exporters, are not required to hold oil reserves. Upping production is the only way they can contribute.
The prime minister also met Saturday with Norwegian energy company Equinor to talk about the proposed $14 billion Bay du Nord oil project off the coast of Newfoundland.
The prime minister also met with Landsvirkjun, the national energy company of Iceland. Carney also met with Maersk, an international shipping company responsible for about 15 per cent of global container traffic.
Carney's trip to Norway began Friday, when he witnessed NATO exercises in Bardufoss, in the northern part of the country.
"And the government is very focused on growing this economy and part of how we're going to grow this economy, yes, it's immediate measures, as I've just indicated, but it's also getting the confidence and the investment in the country," Carney said. "A country that's more independent, that's diversifying our partnerships, that's building first and foremost at home, and then secure abroad."
Canadian media were informed that Carney also met with the king and queen of Norway at the Skifestival, but that was a closed event.
Store said during the media scrum,
"Prime Minister Carney, during this year, has made a real new boost in that relationship across the Atlantic. And we sometimes call Canada an honorary Nordic."
https://www.biv.com/news/carney-say...er-with-moves-to-increase-production-12005258
Great to see the PM out and about.