There are many ways the energy sector could spend those hefty returns, but so far, companies seem unwilling to waver from their primary strategy of paying down debt and passing on a good chunk of those profits to shareholders.
Homeowners who use natural gas for heating will have to get used to higher prices say experts, due to increased exports and Russia's invasion of Ukraine. But, homeowners can take steps to reduce their heating bills including getting off gas altogether.
Canada’s banks just started on the path toward zeroing-out the carbon emissions of the companies they lend to, and already they’re running into conflicts between what climate activists and ESG investors want and what Canada’s oil-dependent economy demands.
The shift to greener energy sources will come as a response to concerns about sourcing oil and gas from “less stable” countries, according to Jackie Forrest, executive director of the ARC Energy Research Institute in Calgary.