June 20, 2023: Global fossil fuel demand falls steeply, Canadian oil and gas producers are in for a major price squeeze, electricity use more than doubles to become the “cornerstone” of the country’s energy system, and oil sands producers face higher transition costs in the net-zero by 2050 scenarios released in mid-June by the Canada Energy Regulator (CER).
Steep Fall for Oil and Gas, Tough Times for Oil Sands as Canada Energy Regulator Mapped Net-Zero Future
