Canada's Oil Industry Will Be Indispensable For Decades To Come

Canada’s oil industry has been among those hardest hit by the coronavirus pandemic. Already struggling with low oil prices brought about by transport capacity shortage, Canadian oil producers this year had to contend with the slump in demand that the pandemic caused and a strong political push towards more renewable energy.  And yet, according to a new report, oil is set to remain Canada’s main source of energy in 2050. Canada’s fossil fuel consumption peaked last year, according to Canada’s Energy Future 2020 report…