Like it or not, the energy transition is happening.
The International Energy Agency predicts global fossil fuel production will reach its peak by 2030. Governments around the world — including Canada’s — are racing to implement policies aimed at achieving a net-zero energy economy by 2050.
To reach that target, Canada has a lot of work to do.
In 2022 alone, Canada emitted 708 megatonnes of CO2-eq (carbon dioxide equivalent, which measures the global warming potential of different greenhouse gases). On the production side, oil and gas extraction accounted for 3.5 per cent of Canada’s GDP and the oil and gas industry directly employed around 150,000 Canadians.
While oil
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