The theme of the conference is the energy transition and the growing pressure on the fossil fuel sector to address its role in climate change.
Von Hoensbroech said while it may seem odd for an airline to be a featured presenter at an oil and gas conference, airlines are dependent on fossil fuels.
But von Hoensbroech said while WestJet and other airlines are investing billions in fleet improvements and energy efficiency to reduce their environmental impact, getting to net zero by 2050 will be a major challenge. Electric or hydrogen-powered planes remain a long way from becoming reality, making the aviation sector one of the hardest to decarbonize.Article content
SAF is a drop-in fuel, meaning it works with existing aircraft engines, but it is currently five times as expensive as traditional jet fuel. In an interview Tuesday, Von Hoensbroech said he likes to compare it to a “pharmacy product,” something that is “mixed in a lab and sold in small quantities at high prices.”
But von Hoensbroech said to get there, governments will need to provide financial incentives both to refiners to produce the product, and to airlines to use it. While the U.S. has already provided a tax credit to support fuel makers and airlines that use SAF, Canada has no similar program.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aviation will need significant government support to decarbonize: WestJet CEOThe CEO of Canada's second-largest airline says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support.
Read more »
Aviation will need significant government support to decarbonize: WestJet CEOThe CEO of Canada's second-largest airline says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support.
Read more »
Aviation will need significant government support to decarbonize: WestJet CEOCALGARY — The CEO of Canada's second-largest airline says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support.
Read more »
Aviation will need significant government support to decarbonize: WestJet CEOCALGARY — The CEO of Canada's second-largest airline says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support. Alexis von Hoensbroech, the CEO of Calgary-based WestJet, made the comments at the 24th World Petroleum Congress, a major international oil-and-gas conference being held in that city this week. Von Hoensbroech says WestJet is the single biggest consumer of petroleum products in the oil-prod
Read more »
WestJet CEO says aviation will need significant government support to decarbonizeAlexis von Hoensbroech says the global push to decarbonize the aviation sector by 2050 will lead to a major increase in ticket prices unless governments step in to offer support.
Read more »
Decarbonizing aviation sector without government support will cause steep increases to ticket prices: WestJet CEOWestJet is the single biggest consumer of petroleum products in the oil\u002Dproducing province of Alberta, its CEO said.
Read more »