Canada sees trade benefits in green supply chains

Significance

Canada placed second in this year’s BloombergNEF global lithium-ion battery supply chain ranking, released on November 12, above the United States and close to first-placed China. Ottawa is looking to tie its innovation and natural resource strengths to a geopolitical strategy that promotes trade among democracies.

Impacts

• Provincial governments in Ontario and Quebec will play an increasing role in developing Canada’s international energy profile.
• The federal government’s Critical Minerals Strategy is due to be published before the end of the year.
• CNOOC, China's top offshore oil and gas producer, is preparing to end its operations in Canada due to sanctions concerns.