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’s 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’s biggest oil customer, announced its plan to slash Russian oil imports by two-thirds this year. Although 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’s forcing a moment of reckoning inside Canada’s oilpatch, an industry facing a choice — transition away from fossil fuels or ramp up production. Today on Front Burner, we speak with CBC’s Kyle Bakx about the fork in the road for Canada’s energy future.