UCP government must end its confrontational approach to Ottawa, one that worked in the 1970s, and co\u002Doperate with the federal government to achieve national goals.
A recent report by the Boston Consulting Group’s Centre for Canada’s Future estimates $100 to $150 trillion in new investment will be needed by 2050 to get to the net zero goal. In its study, the Boston Group gave Canada a mixed review. On the one hand, Canada’s spending per capita on research and development lags behind its peers. They said this is weighing on the nation’s climate technology sector.
For close to 50 years, oilsands mines have begun to produce mined-out areas requiring reclamation. There have been considerable reclamation successes with wildlife returning and the areas resuming their role as carbon sinks.Article content Albertans need to realize that climate change is a global problem rather than a consumer plot to destroy the industry. Industry backers need to moderate their views, and opponents need to realize that petroleum is and will continue to be an essential ingredient in 21st-century society.
Even though the Americans claim they do not offer incentives, they are offering incentives in the field of climate technology. The recently passed Inflation Reduction Act is packed full of incentives. Incentives are perilous as a component of any economic development policy. To respond to the needs of climate technology, a joint initiative by federal and provincial governments and industry is necessary.
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