Canada needs to plan for a steep decline in oil demand, or risk getting left behind

Governments and oil firms need to start planning today for a future in which oil is not an economic driver of Canadian prosperity.

Canada is highly exposed to the impacts of the climate crisis, a crisis driven by fossil fuel production and use. Leading international energy analysis has also documented that in a world that avoids dangerous climate change there is no need to develop any new oil and gas reserves, write Aaron Cosbey and Angela Carter. Photograph courtesy of Pixabay

Opinion

BY AARON COSBEY AND ANGELA CARTER

December 12, 2022

Here’s a foreboding story for Canada’s oil patch.

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