iPolitics By iPolitics. Published on Apr 6, 2021 11:17am Syncrude s Mildred Lake oilsands plant, located 100 km northwest of Fort McMurray, Alta. (Codie McLachlan/Star Edmonton)
The Lead
New research from TD Economics finds that by 2050, up to 450,000 of Canada’s current 600,000 oil and gas jobs could be lost thanks to a “falling demand for fossil fuel.”
The report says governments “must develop worker transition plans now to prevent disastrous consequences,” or else losses could be similar to those experienced in the 1990s and early 2000s when manual jobs were slashed due to automation.
“There’s a role for governments to act to ensure that these workers aren’t forgotten and left behind,” said Francis Fong, a managing director and senior economist with TD and a co-author of the report. Although some workers will be able to find jobs in in clean energy, “we don’t exactly know what form the clean-energy transition is going to take,” Fong warn
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