Net Zero Legislation, Energy Efficiency, Carbon Neutral Driving and Oil Markets

On this week’s episode, we discuss the Canadian federal government’s plans to legislate net-zero greenhouse gas emissions by 2050. What is the reaction from the oil and gas industry?Next up, we consider the importance of energy efficiency for achieving low carbon goals.  History has shown that energy demand growth is difficult to curb. Yet, according to the International Energy Agency (IEA), a third of the emissions reductions in the Sustainable Development Scenario must come from efficiency. Shell Canada is now offering consumers carbon-neutral driving. People can choose to pay two cents extra per litre at the pump to offset their GHG emissions. What is the reaction? Is driving an electric vehicle (EV) considered to be carbon neutral driving?Finally, we turn to the oil markets.  Where is demand now?  What is the situation with supply and OPEC+ spare capacity? Does the positive vaccine news change the picture?View Peter’s Energyphile Vignette “Old Fashioned Energy Conservation.”Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ 

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