What a ban on Russian oil means for Canada
Oil prices in Canada skyrocketed this week as sanctions on Russian energy effectively shut the world\u2019s third largest oil supplier out of the market following its invasion of Ukraine. The United States and the United Kingdom moved to ban Russian oil imports. Even the European Union, Russia\u2019s biggest oil customer, announced its plan to slash Russian oil imports by two-thirds this year. \n\n\nAlthough Canada has never really relied on Russian oil, the impact of sky-high oil prices is already being felt in Canada, as prices at the pumps remain at record highs across the country. It\u2019s forcing a moment of reckoning inside Canada\u2019s oilpatch, an industry facing a choice \u2014 transition away from fossil fuels or ramp up production. Today on Front Burner, we speak with CBC\u2019s Kyle Bakx about the fork in the road for Canada\u2019s energy future.