The world is moving off fossil fuels as Canada continues to live in the past
The global shift away from fossil fuels is accelerating, with many countries investing heavily in renewable energy sources. Canada, however, appears to be lagging behind, continuing to focus on fossil fuel exports despite international trends. As energy prices rise due to geopolitical conflicts, the need for a transition to sustainable energy sources becomes increasingly urgent.
- ▪Vietnam has abandoned plans for a large LNG power plant in favor of renewable energy projects.
- ▪Electric vehicle sales have surged in Europe, Australia, and New Zealand, reflecting a global trend towards clean energy.
- ▪Canada continues to invest in fossil fuel infrastructure while other nations prioritize renewable energy solutions.
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Open this photo in gallery:An oilfield pumpjack and wind turbines near Trochu, Alta. in July, 2022.Larry MacDougal/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountChris Severson-Baker is executive director of the Pembina Institute.Daniel Rotman is director general of Équiterre.Patricia Fuller is president and chief executive of the International Institute for Sustainable Development.Earlier this year, Vingroup chairman Pham Nhat Vuong told shareholders the Vietnamese conglomerate had abandoned plans to build the country’s largest LNG power plant, a 4.8-gigawatt project in Haiphong.Instead, he said: “We have already submitted a proposal to the government for wind, solar energy and a battery energy storage system.”The European Union is…
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