Climate change, energy security and the role of the Canadian oil and gas industry

Dealing with climate change is one of the most significant global imperatives of our time. The world needs solutions that can be acted upon locally, nationally, regionally and globally. But, on the eve of the global climate conference, COP26, the US called on the Organisation of the Petroleum Exporting Countries (OPEC) to produce more crude oil to ease the disruption of high prices brought on by insufficient supply, Europe is in an energy crisis, looking to Russia to supply much needed natural gas, and China is increasing its coal production to meet increasing energy demands. Energy security and lifting people out of poverty is a top priority for all nations. Fossil fuels will remain part of the global energy mix for decades to come. The question is, should we view these imperatives as intractable trade-offs or trade-offs to innovate around or thrive within?

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This article was first published in the April 2020 issue of Financier Worldwide magazine. ©2021 Financier Worldwide. All rights reserved.