ANALYSIS | Canada ponders over oil project off Newfoundland as latest IPCC report warns that climate goals are slipping away.
is going ahead with a large offshore oil project. Qatar — the world's largest natural gas producer — has embarked on a project that will further boost its output by 40 per cent.
"We need that for our education. We need that for our health-care system. We need that for going forward. We need that for just transition. We need that." But the report also suggested funnelling oil and gas revenues into a future fund that could be used to finance a green transition and pay down debt."Let's use the money and the profits from that and put it together and start sustaining some economic growth when it comes to making sure that we got enough money to start the transition," he said.
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