November 14th, 2024

Canada can play a big role in addressing growing food insecurity, Nutrien CEO says

By The Canadian Press on April 5, 2023.

Work continues on Nutrien Tower in Saskatoon, Sask., Friday, June 25, 2021. Nutrien CEO Ken Seitz says Canada is poised to play a big role in global food production as climate change makes farming more difficult and the world’s food supply chain is rendered fragile by political and economic uncertainty. THE CANADIAN PRESS/Liam Richards

TORONTO – Nutrien CEO Ken Seitz says Canada is poised to play a big role in global food production as climate change makes farming more difficult and the world’s food supply chain is rendered fragile by political and economic uncertainty.

Seitz made the remarks in Toronto at an event hosted by the Economic Club of Canada.

He says climate change is redrawing the map of global food production and Canada has an opportunity to be a key player in addressing food insecurity.

Nutrien is the world’s third-largest producer of nitrogen, and the largest producer of potash, two of the three main plant nutrients used in commercial fertilizer.

The Saskatoon-based potash and fertilizer company has six potash mines in Saskatchewan with more than 20 million tonnes of capacity, as well as two large phosphate mines in the U.S.

In 2021, Nutrien began piloting a new project aimed at helping farmers reduce greenhouse gas emissions, trap and store carbon and measure improvements, as well as facilitating the purchase and sale of carbon credits.

This report by The Canadian Press was first published April 5, 2023.

Companies in this story: (TSX:NTR)

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