Ontario, Alberta face a growing split as economic interests diverge over fossil fuels
Quote from Steve on October 6, 2020, 12:24 pmThe people in charge of investing your money for the long term are in the throes of a wrenching internal conflict that is reshaping Canada and the world.
While new federal incentives for low-carbon investment as part of a COVID-19 recovery play a part, those in the know say the private sector is already embroiled in its own painful energy investment transition.
Part of the agony of the split in this country is that it inflames the long-term political fault line between those regions that depend on the oil and gas sector for their livelihood and those that don't.
The article says:"Riordan's research shows that it's become increasingly clear that the success of Ontario's financial and industrial sectors depends on a quick move toward a low-carbon transition."I wouldn't be surprised to learn this is the alliance starting to crumble...
The people in charge of investing your money for the long term are in the throes of a wrenching internal conflict that is reshaping Canada and the world.
While new federal incentives for low-carbon investment as part of a COVID-19 recovery play a part, those in the know say the private sector is already embroiled in its own painful energy investment transition.
Part of the agony of the split in this country is that it inflames the long-term political fault line between those regions that depend on the oil and gas sector for their livelihood and those that don't.
"Riordan's research shows that it's become increasingly clear that the success of Ontario's financial and industrial sectors depends on a quick move toward a low-carbon transition."