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Canada’s economic strengths are unique, and we require solutions that are geared to our national context. Our country is the fourth-largest exporter of oil and fifth-largest exporter of natural gas, with among the largest proven reserves in the world. Canada’s abundant resources have the potential to meet the world’s demand for oil and gas through a low-carbon transition by setting the global standard for responsible, climate-smart resources.
Companies around the world are investing heavily to develop the technologies and skills to supply the world with low cost, cleaner energy and natural resources. Global investors are under significant pressure to lower the carbon intensity of their portfolios and to bet on the energy innovations and resources with the best return and the least risk. Right now, Canada is at a distinct disadvantage.
To further accelerate innovation, we also recommend the federal government seed an oil and gas clean innovation cluster that would pool capital and expertise. This would grow the next generation of innovative ventures, and stimulate the development and commercialization of promising decarbonization and energy saving solutions. To accelerate investment at scale, we recommend the development of market-in-transition-focused financial products.
globebusiness No they have to build a pipeline to sell oil and facilities for LNG the country is bleeding capital and wealth, we are literally the only country in the world committing economic suicide...