Less wealthy nations will struggle to reach global 2050 net-zero target, WPC panel says

A WPC panel discussed whether or not the world is on track to reach net\u002Dzero carbon emissions by 2050 during a roundtable on Tuesday.

Global oil leaders warn of clash between rising oil demand and 'wishful thinking' on energy transition

Smith highlighted Environment Minister Rebecca Schultz’s announcement Tuesday that Alberta is funding a $7-million multi-year study with Cenovus to investigate if small modular reactor technology can be deployed in Alberta’s oilsands. “The issue for us is transitioning away from emissions — it’s not about transitioning away from oil and natural gas,” Smith said.

All four appeared to agree the world’s continued appetite for fossil fuels in the coming years means it’s too early to move away from oil and gas production. Oun referenced a recent forecast that oil demand will rise above 104-million barrels per day next year.Article content

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