Why 2023 could be a make-or-break year for the Canadian oilpatch's longterm survival

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Why 2023 could be a make-or-break year for the Canadian oilpatch's longterm survival
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Why 2023 could be a make-or-break year for the Canadian oilpatch's longterm survival — via financialpost

“It is a pivotal year. 2023 will determine whether we achieve these 2030 targets,” said Kendall Dilling, head of the Pathways Alliance, a consortium of six oilsands majors, including Canadian Natural Resources Ltd., Cenovus Energy Inc., ConocoPhillips Canada, Imperial Oil Ltd., MEG Energy Corp. and Suncor Energy Inc.Article content

“They need to now put their money where their mouth is and we need to see some shovels in the ground on some of these projects,” said Rick Smith, the institute’s president. “I absolutely think that Canadian industry gets the necessity of this now as a competitive reality,” he added. “This notion of a transition being upon us is not controversial and and the oil and gas industry itself is planning with this eventuality in mind.

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