And fossil fuel companies – many with their own net-zero goals – are increasinglythat oil and gas will be phased out as the world scrambles to limit global warming to 1.5 Celsius.
From the company’s first opportunity to become an independent power producer when then-prime minister Margaret Thatcher privatized Britain’s electricity system, to the increased importance of climate and the Stephen Harper government’s decision to phase out coal plants, ATCO is operating in a vastly different world.is a broad, fundamental shift that won’t come cheap – and Ms. Southern worries that the price tag has been ignored.
Ms. Southern is confident that Canada will reach its broader 2050 net-zero target, but says citizens, industry and politicians need to set aside their ideology and work through solutions in a pragmatic way. But it’s tough being in the energy industry right now, she said, because “it feels like we are being leveraged as the meat in the sandwich” in the increasingly fragile relationship between Alberta and“If it goes the wrong way, if somebody pushes too hard or does something silly – just like in an actual kinetic war – it won’t be good for anybody,” she said.