Oil and gas know-how looks to alternatives in business-led push

Categories: News
Published on: November 20, 2020

CBC News / Don Pittis / 20 November 2020

A series of private sector-led projects in Alberta and Saskatchewan are evidence that profit-motivated entrepreneurs have already seen which way the wind is blowing.

Even as jobs disappear from the traditional fossil fuel sector, a new report from the University of Calgary’s School of Public Policy says the plunging cost of alternative power is helping to stoke a low-carbon investment boom.

“This suggests building new renewables is now cheaper than operating existing fossil power plants,” the University of Calgary report said. And the first signs of that boom are already appearing.

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