In the middle of the last decade Canada was about to enter a new phase of resource development, with numerous pipelines on the horizon and Christy Clark’s B.C. Liberal government fully committed to liquified natural gas (LNG) development. By 2021 the federal government had purchased the Trans Mountain pipeline for $4.5 billion and newly-elected U.S. President Joe Biden had cancelled the contentious Keystone XL project.
Critics have cited environmental concerns and the economics of oil and gas have changed as global prices fluctuate and demand is affected not only by a shift to renewables but also a global pandemic keeping people in place and conserving energy.
Through it all one question persists: Will Canada continue to rely on natural resources or shift to a more sustainable future as the world moves away from fossil fuels and fights climate change on a global level?
Thanks for checking out our Canadata video series. We’ve included links to previous videos below.
VIDEO: Energy project pitfalls in B.C., Manitoba and Ontario
VIDEO: The 2021 federal budget’s implications for construction
VIDEO: The Biden administration’s ‘Buy American’ infrastructure plan and Canada
Recent Comments
comments for this post are closed