QSA's Week in Oil & Gas (#4, 2024)
Senate debates energy transition; House examines oil sands cleanup; Finance committee eyes climate regulations; Marine carbon sequestration spotlighted; Oil lobby criticized.
Start Date: 2024-10-26
End Date: 2024-11-01
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Senate Committee Discusses Energy Transition Investment Needs
David Dodge, Senior Advisor at Bennett Jones LLP, addressed the Senate Committee on Energy, emphasizing the need for substantial investment in both cleaner fossil fuels and renewable energy to manage the energy transition effectively. He pointed out that the oil and gas sector's high productivity remains crucial for financing these investments. Senators questioned the balance between oil exports and climate goals, with Dodge suggesting that revenues from oil exports could fund the transition to green energy. The discussion also touched on the slow pace of public policy in supporting electrical infrastructure investments.
Sources: ['Transcripts: senparlvu.parl.gc.ca']
