Canada’s energy superpower status threatened as world shifts off fossil fuel.
Its overall conclusion, however, urges caution when it comes to long-term investments in pipelines and other oil and gas infrastructure.
Such investments “could be at high risk of becoming economically unviable as prices in renewable electricity further decline,” it warns.
“At a minimum, this plausible future would suggest that governments ensure that the risks of further investments in oil and gas infrastructure be borne by private interests rather than taxpayers,” the report reads.
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