Budget 2021: How will spending on a green recovery affect Canada’s oil and gas industry?

The Canadian government sees the 2021 federal budget as a pivot point towards a greener economy.

Among the government’s budget proposals: $80 million towards a net-zero economy, which would include investing in clean technologies and reducing emissions.

Ottawa is also proposing a $115 million climate plan that includes help for agriculture and $90 million in interest-free loans to retrofit homes for energy efficiency. They also plan to put $605 million towards protecting nature.

But as Eric Sorensen reports, one region of Canada is watching the green transition with some trepidation— the oilpatch.

#CdnPoli #Budget2021 #greenrecovery #GlobalNews

[Polly_Ticks]

Imagine trying to get your nation out of the biggest economic hole it has ever been in, by taking a drastic shift to green energy investments that have no proven track record for success. Meanwhile global oil demand and demand for petroleum products has never been higher

[stefanpedias]

I would cut all "green" spending
It's a scam

[Jon-gmsn]

Maybe we should use some of the 3 years of oil sitting in the ocean instead of pumping more making oil companies richer.

[nickpearce]

Solar and wind will be very very small portion of the energy portfolio. Nuclear power is the future so hoping there's much more to come on that.

[googlreviews]

Remember how people were screaming that getting rid of coal will kill jobs and economy?
I am sure we will be just fine.

[misfitbrothers]

Meh. I’ll ride it out until I can’t and then I’ll move to the USA or overseas. It’s all fine to offer a training program to transition to something that will pay half or less but, are they going to pay the mortgage and feed my kids while I go back to school at 50 years old? Doubtful.
Time to pack up is all.
No hard feelings.
So long and thanks for all the fish.