Canadian Energy Centre Executive Director of Operations Mike Simpson joined Taking Care of Business host Mario Toneguzzi to discuss new research that found Canada’s oil sector has made significant progress in producing a cleaner barrel of oil.
There has been lots of talk about Canada’s so-called “Just Transition,” but so far little comprehensive analysis of its impact on the national economy and workforce. One of the most controversial elements of the “Just Transition” are calls by some for a shutdown of Canada’s oil and gas industry to curb the country’s 1.6 percent contribution to global GHG emissions.
Canadian Energy Centre Executive Director of Operations Mike Simpson joined Business Insider host Mario Toneguzzi to discuss the contribution of the oil and gas sector to Canada’s economy.
British Columbia has been producing oil and natural gas since 1952. In fact, as of 2018, B.C. produced 32 percent of Canada’s natural gas and two percent of Canada’s conventional oil. British Columbia collects royalties from oil and gas development, supporting economic prosperity in the province.
The headline screamed: “The end of oil age” in the Economist in 2003. Fast forward 18 years and that still doesn’t make sense in many ways. The demand for oil is increasing across the globe. Even U.S. President Joe Biden is now asking OPEC to produce more oil.