, and many others – but the same oil producers stoke wariness over the need to rapidly get off fossil fuels.net zero by 2050 was “highly unlikely” because societies would not “accept the degradation in global standard of living required” to reach the goal. Exxon used to undermine climate science. Now it’s a sort of threat, that leaving fossil fuels behind will lead to widespread penury., as it presented several future scenarios. In one, where heating is contained to 1.
in May, total oil and gas emissions in Canada peaked eight years ago and have since fallen 7 per cent, as output of fossil fuels rose 16 per cent. This space has argued for a stronger use of the carbon tax. Look at Suncor. Even with the rising carbon tax,its carbon costs at just $1.70 a barrel, from now through the early 2030s. The fiscal pinch has to be stiffer to push companies to speed efforts to further cut emissions.