EU and Canada reach agreement on critical minerals and LNG
The agreement aims to promote trade in resources needed for the energy transition.
The European Union and Canada have agreed on a framework to encourage EU investment in Canadian critical minerals. The deal, reached after talks in Montreal, aims to facilitate European investments in key Canadian resources, particularly critical raw materials, through the European Investment Bank. The EU and Canada will also conduct a long-term feasibility study on exporting Canadian liquefied natural gas to Europe.
They have pledged to intensify cooperation on critical raw material projects along the entire value chain and explore collaboration opportunities on raw material projects in third countries.
Written by urgent.news from Politico EU's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
