Report from Aly Hyder Ali in the World Energy Outlook 2022 report | Whuff News


Ottawa, Ont. | Traditionally, the forbidden territory of the Algonquin Anishinaabeg People – In this year’s World Energy Outlook (WEO) report, the International Energy Agency (IEA) showed that the response to global energy, climate, food insecurity and economic crises is the same – a significant increase in fossil fuels and increased investment – simultaneously invest in renewable energy sources.

All three WEO scenarios show that the demand for all fossil fuels – including fossil gas – either declines or plateaus in the coming years, clearly rebuking the false narrative that “natural” gas is a transition gas. For Canada to remain competitive in the global market, the federal government and the banks that finance the oil and gas sector must move quickly and invest in clean energy.

Next year for the first time, Canada’s Energy Regulator will map out a net-zero scenario to guide climate action policies in its Energy Futures report. It should follow the IEA’s example and clearly set out how Canada can achieve a climate-safe future, with a sustainable economy, and a transition to clean energy jobs for individuals.

ABOUT ENVIRONMENTAL DEFENSE (environmentaldefence.ca): Environmental Defense is Canada’s leading advocacy organization working with government, business and individuals to protect clean water, a safe climate and healthy communities.

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For more information or to request an interview, please contact:

Barbara Hayes, Environmental Defence, bhayes@environmentaldefence.ca





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