carbon capture, utilization, and storage investment tax credit and the promised And the business fundamentals of the Canadian oil and natural gas industry are contracts for difference. [...] emissions reductions while increasing Canada’s capacity to export our lower- The first misconception is that the oil and natural gas industry is dragging their emission energy is how we can make an outsized role in the race to reduce global heels on investing in decarbonization projects and getting in the way of the greenhouse gas emissions. [...] The industry is also one of the largest employers of Indigenous peoples in the Oil and natural gas currently make up over 50 percent of total energy demand and country and making up a significant part of the supply chain are hundreds of that demand continues to grow. [...] [29] For the second year in a row, capital investment — or CAPEX — from the There is a disconnect between the scenarios many governments use to make Canadian oil and natural gas industry into Canada is expected to reach about policy and the reality of energy use. [...] The value of oil and natural gas exports In reality, 2023 actual production levels have already exceeded the volumes used is still very much highly correlated to the strength of the Canadian dollar, to set the upper legal limit included in the framework.
Authors
- Pages
- 8
- Published in
- Canada
