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Canada’s Oil Pledge Was Just a Forecast | Edmonton News
Published 1 month, 3 weeks ago
Description
Canada promised to release 23.6 million barrels of oil to ease global price spikes — the largest coordinated effort ever — but has no actual policy or reserve to back it up. As the only G7 nation without a strategic oil reserve, Canada’s contribution is really just a forecast: private producers are ramping up output naturally, and the government is trying to claim credit for it.
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