Letter from Canada: Alberta concedes to energy transition
The region’s hydrocarbons sector grudgingly accepts the inevitable rise of low-carbon energy, and the government is taking steps not to be left out
The Alberta government and the province’s all-important oil and gas industry have been slow to accept the way the world is changing. Despite the US shale gas revolution bringing an end to sky-high gas prices at the end of the 2000s and the US light-tight oil revolution doing much the same for oil prices by the middle of last decade, the province has widely snubbed decarbonisation efforts. The provincial government and the oil sands industry have refused to accept the threat posed by the global climate movement, with some irrationally attacking the science supporting it and anyone who accepts it—including the Canadian government under the leadership of Prime Minister Justin Trudeau. 40p
Also in this section
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis