Disclosure of the scale of the Federal government’s “just transition” legislation- the tool to transition oil and gas workers to green jobs- has begun to echo across the industry, creating diverse statements both pro and con. At issue is the admission in the report that the plan to transition the Canadian economy will “have an uneven impact” across certain regions, “creat(ing) significant labour market disruptions” in carbon-intensive industries and the provinces that depend on them— Alberta, Saskatchewan and Newfoundland. Some energy industry leaders, like Cenovus CEO Alex Pourbaix, remain optimistic. “We estimated that we will spend somewhere in the range of $70 billion over the next 30 years to decarbonize the production of the oilsands,” Cenovus CEO Alex Pourbaix said in an interview with The Canadian Press . “If we’re successful in doing that, that is going to create a boom in the oil-producing provinces that is equivalent to what happened in the ‘80s and the ‘90s.” Alberta Premier Danielle Smith has been criticizing the intent of the Federal “just transition” plan in mainstream and social media. “Just Transition is extreme environmental language,” Smith said. “It was coined by extreme environmental groups who want to completely phase out the […]
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