As the world confronts evolving energy challenges shaped by geopolitical pressures, climate change and technological disruption, Canada will continue to work with G7 partners and other allies to reinforce prosperity, security and sustainability for citizens around the world.
Today, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, along with the Honourable Julie Dabrusin, Minister of Environment and Climate Change, concluded the G7 Energy and Environment Ministers' Meeting in Toronto, Ontario. Under Canada's Presidency, G7 ministers took steps to advance priority areas:
- Critical minerals, including 26 new investments, partnerships and measures to accelerate and unlock $6.4 billion in critical minerals projects; up to $20.2 million in support of international collaborations in research and development; and committing to actions to advance standards-based markets.
- Artificial intelligence, including powering AI into the future, building trust in adopting AI and other digital technologies in energy systems, responsible growth and the endorsement of the G7 Energy and AI Work Plan.
- Energy security, including a G7 Call to Action on Enhancing Energy Security; modernizing energy infrastructure to meet growing electricity demand; securing energy supply chains; strengthening gas markets to support stability; and delivering the G7's first comprehensive statement on Nuclear and Fusion Energy including responsible waste management.
As part of energy security discussions, Ukraine's Minister of Energy, Svitlana Grynchuk, outlined the impact of Russia's relentless attacks on Ukraine's energy infrastructure and the country's immediate energy needs. G7 Ministers issued a strong statement expressing unwavering support for rebuilding a modern energy system that is reliable, resilient and efficient for all Ukrainians.
During the G7 Ministers' Meeting, the Honourable Anita Anand, Minister of Foreign Affairs, joined Minister Hodgson and Minister Grynchuk to announce that Canada is expediting the final portion of its $70-million contribution to the Ukraine Energy Support Fund, an initiative led by the Energy Community Secretariat, to support energy needs in Ukraine. A payment of $10 million has been disbursed early to help Ukraine repair critical energy infrastructure damaged by Russian strikes.
Canada remains committed to working with its G7 allies toward a fair, secure and sustainable energy future.
