TSXV:CDC.H - Post Discussion
Post by
Dragoon on May 12, 2021 10:13am
Cad gov. positive about oil and cleaner findings than sand
Canada’s oil dependence tests Trudeau’s green ambitions
Key intakes:
A study from Pembina estimates that oil sands generate 70% more emissions than the global average barrel of oil
(so roughly 60% less clean)
Oil is accounting for about 10 per cent of Canada gross domestic product.
Climate and emissions plans do not appear to decrease oil growth.
Even in a scenario where global climate actions continue to accelerate, the government expects Canada to pump nearly 6m barrels a day to crude by mid 2030s, up from 5m today, according to the Canada Energy Regulator.
Source: https://www.ft.com/content/fc30fd7f-67a9-494d-9026-4c57ce4c362f
Be the first to comment on this post