According to a new report co-authored by 71 university researchers from all 10 provinces, decreased demand for fossil fuels over the coming decades could significantly reduce inward investment in the oil and gas sector, making the industry a less attractive and riskier business. The scholars recommend that Canada makes the shift from being an oil producing country to becoming a low carbon energy leader.
This independent paper, written at the invitation of Natural Resources Canada, was developed to examine how Canada could transition to low-carbon energy systems while remaining globally competitive. Re-Energizing Canada: Pathways to a Low-Carbon Future, provides independent academic input to Generation Energy, a national dialogue on Canada’s path to a low-carbon future launched by Natural Resources Canada on April 21, 2017. The work of the academic experts in the context of Generation Energy highlights the importance that science and research must play in informing the public policy debate on Canada’s transition to a low-carbon economy. It is an important contribution to the range of views and opinions on how Canada can create the affordable energy and innovative jobs Canadians want.
Several York University Faculty members contributed to the development of the report, including Professor Irene Henriques of Schulich, Professor José Etchverry, and Professor Christina Hoicka.