I attended this webinar on Tuesday. The risk of continued investment in fossil fuels is astounding, yet governments continue to push it as a solution.
Here’s Tova Gaster’s report:
“...Canada’s stalled progress on climate finance disclosure standards makes it impossible for investors and the public to fully understand the scale of fossil fuel risk exposure.”
“Industry lobbyists and some forecasters have framed international oil price spikes as an opportunity for Canada to expand its domestic extraction and production capacity.”
“However, panelists emphasized that fossil fuel infrastructure is a long-term investment, ill-equipped to respond to short-term economic shocks—or to withstand a shift from fossil fuels to clean electricity that will likely be accelerated by the energy price shock.”
#cdnpoli #ableg #fossilfuels #climate
https://www.theenergymix.com/new-oil-and-gas-projects-heighten-financial-risk-for-canada-carbon-tracker-analysis-shows/