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Opinion: Will pumping out more #oil really save Canada from Trump? - The Globe and Mail https://www.theglobeandmail.com/business/commentary/article-will-pumping-out-more-oil-really-save-canada-from-trump/ “Spending tens of billions to prop up the oil and gas sector isn’t innovation, it’s the status quo.
And resurrecting moribund #pipeline projects that can’t stand on their own legs is in no one’s best interest: it’s throwing good money after bad.”
“Recent research from the Institute for Energy Economics and Financial Analysis confirms major Asian markets – like China and India – are skipping over LNG and transitioning from coal directly to renewables. Germany recently told Canada their interest in Canadian LNG has evaporated.”
“Renewables produce the cheapest electricity on the market and, because fuel doesn’t have to be imported, are the most efficient solution to ensuring Canada’s future energy security and political sovereignty.
In the same way that you can’t spend your way out of debt, Canada can’t lessen its economic dependence on energy exports by building new pipelines.”