Ottawa making energy companies the middle man with net-zero electricity legislation, ATCO chief executive says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Alberta is expected to open up another front next week in its battle with Ottawa over the clean electricity regulations

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US

United States United States Latest News, United States United States Headlines