Eric Nuttall: Canada could be as green and wealthy as Qatar and Saudi Arabia if government wakes up via financialpost
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I visited the Middle East in mid-January for the first time, and I had the opportunity to meet with numerous government ministers, including Qatar’s minister of state for energy and Prince Abdulaziz bin Salman, Energy Minister of Saudi Arabia. The ambition of the long-term visions and energy pragmatism they put forth contrasted wildly with those of Western nations.
You can’t help but share in the ministers’ excitement when hearing how oil and natural gas revenue would allow for entire economies to transform over time. For example, Saudi Arabia is building a 170-kilometre-long, nine-million-person city entirely powered by renewable energy in what is now barren desert, funded entirely with revenue derived from the sale of oil. This project is just one of 15 active giga-projects in that country, all financed by hydrocarbons.
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