Three-quarters of the workers in Canada’s oil and gas industry could lose their jobs due to the government’s green energy strategy, according to a new report, which calls for developing measures to secure workers’ job transition. Published by TD Economics on Tuesday, the report estimates that 50-75 percent of the 600,000 workers in the oil and gas sector, or roughly 312,000-450,000 workers—mostly located in Alberta, Saskatchewan, Newfoundland, and Labrador—are at risk of displacement as a result of Canada’s commitment to cut carbon emissions. In December 2020, Prime Minister Justin Trudeau announced Canada’s new climate plan, titled A Healthy Environment and a Healthy Economy, which aims to reduce up to 40 percent of carbon emissions by 2030 and reach net-zero by 2050. These aggressive targets come at the expense of the carbon-intensive oil and gas sector. The report notes that the extraction and distribution of oil and gas account for over one quarter …
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