Canada risks European-like energy crisis if similar policies continue to be pursued

VANCOUVER—Europe’s current energy crisis should serve as a cautionary tale for Canada as the federal government is pursuing the same set of policies that has led to skyrocketing energy prices in Europe, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “The current energy crisis in Europe predates Russia’s invasion of Ukraine, and is largely the result of self-inflicted wounds brought about by unsound energy policies—policies that the Canadian federal government is also pursuing, which could lead to similarly disastrous results in Canada,” said Robert P. Murphy, a senior fellow with the Fraser Institute and co-author of Can Canada Avoid Europe’s Energy Crisis?