Some context given Teck’s decision to withdraw the Frontier #oilsands mine. "As the IEA noted in a recent report, “no oil and gas company will be unaffected by clean energy transitions, so every part of the industry needs to consider how to respond.” 1/ #cdnpoli #energytransition
Companies like Shell, BP and Equinor are diversifying into energy companies, investing in solar and wind, batteries, hydrogen and electric vehicle charging. It’s also notable that each has withdrawn from Canada’s oilsands. fircroft.com/blogs/why-big-… 2/
AB is home to a growing number of entrepreneurs focused on finding opportunity in the energy transition—mammals scurrying amongst the dinosaurs. Companies like E3 Metals and Summit Nanotech, which produce lithium destined for electric car batteries from oilfield wastewater. 3/
Or Proton Technologies, a start-up developing technology that produces hydrogen from oil (leaving the carbon underground). And then there are more established companies that are scaling up like Greengate Power… 4/
..., which recently landed half a billion dollars of foreign investment to build Canada’s largest solar farm.
The Frontier Mine decision is symbolic, but not in the way most pundits suggest. It’s symbolic of a much bigger choice thrust upon the oil patch, AB & Canada alike: 5/
The Frontier Mine decision is symbolic, but not in the way most pundits suggest. It’s symbolic of a much bigger choice thrust upon the oil patch, AB & Canada alike: 5/
Are we mammals and birds, or are we dinosaurs? 6/6
(Excerpted from nationalobserver.com/2020/02/21/opi…)
(Excerpted from nationalobserver.com/2020/02/21/opi…)
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