On the first few months of Prime Minister’s Trudeau’s leadership, the themes that resonate. Let’s help those in need, let’s build a better world by inclusion, not exclusion, let’s address climate change and let’s foster green, clean technology as the future of Canada. All admirable ambitions that won the votes of many Canadians with the promise of rebuilding the middle class.
While I’m not a futurist I’m a realist. With realism comes practicalities. Although I didn’t vote for the Liberals, I’m optimistic that the Prime Minister Trudeau sensibilities will recognize the industries that have supported our country and given Canadians one of the highest standards of living in the world. And that he will continue to foster their growth and development with policies aligned to meet realistic objectives that have Canadian’s best interests at heart.
In my opinion the recent comments by Chad Holliday, President CEO of Shell, make the most practical sense.
“Whether you’re a supporter or a detractor, hydrocarbons will remain the primary source of energy for some time. And that isn’t just our self-fulfilling prophecy. Groups ranging from the National Energy Board to the International Energy Agency forecast that energy demand will rise due to a growing global population and higher living standards. It’s important to remember that today, some 3 billion people still lack access to the modern energy many of us take for granted.
So as emerging economies climb out of poverty and up the energy ladder, the world will need to meet this demand. But how will that happen?
Often we’re presented with a false choice between renewables OR hydrocarbons. But both will be vital to meeting demand in the coming decades.
We need to put a practical plan in place to realize it.
In order to meet the projected energy demand by 2050 while controlling climate change, we will need to DOUBLE the world’s energy supply from 2000 levels while at the same time dramatically reducing the world’s CO2 emissions. This is an incredible challenge. But I believe if given the right frameworks, human ingenuity will prevail.
Investing in lower carbon energy, especially in areas where we have the skills such as natural gas production and technologies that increase energy efficiency and reduce emissions.”