Latest / The Environment in Canada Podcast
Iran war UNDERMINES new oil & LNG projects in Canada - but oil corporations still profit...
Oil & gas interests are already lying about the future of their Canadian projects and profiting as a result of the Iran war. In reality price shocks due to the U.S. war on Iran - along with the U.S. attempt to cut Cuba off from oil - will convince countries to move to renewables faster. That in turn makes new Canadian oil, gas and LNG projects LESS viable as they rely on long term demand for their products.
Even before the Iran war, the International Energy Agency still expected oil demand to plateau around 2030 (and gas demand to plateau shortly after) and then decline due to the global…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.