Geopolitical strife is dominating the environment of international relations and injecting uncertainty into global markets.

In this unstable climate, businesses and governments are now laser-focused on security. There are two big risks to economic security that democratic countries like Canada and S. Korea are confronting. One is an over-reliance on suppliers of critical goods, including energy, from countries governed by authoritarian regimes; energy weaponization is a critical threat. The second big risk is the potential of losing public support for the energy transition because of affordability issues and the consequent loss in industrial competitiveness.