Canada's recent change to a Liberal government means Stephen Harper's legacy in oil gas is at risk. Change is coming.
"We won’t have to wait much longer to see how Prime Minister Justin Trudeau plans to apply his grand claim that 'we’re back' to the climate change file. Catherine McKenna, his Environment and Climate Change Minister, will be on point at the United Nations conference in Paris later this month to explain how Canada’s Conservative-era status as 'an emerging energy superpower' will transform to meet 'our international obligations to protect the planet.'"
"Whether it’s with a carbon tax, cap-and-trade or some hybrid system, the Liberals see the solution in a price on carbon emissions. This market-oriented strategy is suppose to encourage the energy sector to move away from carbon-intensive projects, such as the oil sands, and toward new green technologies. But whatever the plan, it’s unlikely that it will result in drastic cuts to fossil-fuel production. Instead, Big Oil will embrace big carbon."
FULL STORY: Canada’s climate solution may offer more comfort than change
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