How much should Canada worry about declining global crude oil demand?

Canadian oil is not under significant threat, but punitive policies like the proposed oil and gas emissions cap could unnecessarily reduce the industry’s competitiveness during the energy transition.

Energy and Natural Resources Jonathan Wilkinson holds a press conference on Dec. 7, 2023, on the newly introduced emissions cap. The proposed federal cap-and-trade system creates headwinds for the industry by subjecting it to punitive carbon pricing without considering international competitiveness, writes Joe Calnan.The Hill Times photograph by Andrew Meade

Opinion

BY JOE CALNAN

March 13, 2024

As the world looks to limit fossil fuel consumption, there are concerns that Alberta may be victimized by global trends, emulating the deindustrialization of the American Rust Belt.

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