CALGARY (660 NEWS) – Canada’s federal government is taking steps toward the goal of reaching net-zero emissions, but could this potentially hurt Alberta’s oil and gas sector?
University of Calgary research fellow Richard Masson has several decades of experience in the energy sector and says it’s too soon to tell.
“No one has a clear idea on how to get from where we are at today to that goal.”
However, he says several oil and gas companies, specifically some in Alberta, have already committed to reaching net-zero emissions by 2050.
“There’s a lot of alignment right now between companies and the government saying let’s all work on this together. If we can do that together, we can achieve a lot more than if we fight.”
He points out these companies are working towards goals society has already set for them and the bill tabled by the federal government shows support for that.
In the meantime, forecasts show that by the year 2050, fossil fuels will still be used in around half of global energy production.