Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts
Banks’ lending to oil and gas sector under scrutiny due to climate change risks
News Analysis
As oil and gas investment faces growing scrutiny worldwide, Canada is seen as being particularly vulnerable in its transition to a lower carbon footprint. Nevertheless, its industry says it still has a vital role to play as investments appear likely to start shifting away from new fossil fuel projects in favour of research and innovation targeted at cutting emissions.
“CAPP encourages any groups who are redefining their investment portfolios to consider that investment in Canadian energy is a sustainable choice,” said Tim McMillan, president and CEO of Canadian Association of Petroleum Producers (CAPP) in an email to The Epoch Times.