Now there's a good reason to invest heavily in the hazmat fossil energy business with all its hazmat dilbit and its hazmat pipelines to tidewater and its hazmat lumbering supertankers floundering through our coastal waters like wallowing time bombs. Not.
A federal government think tank, Policy Horizons Canada, says the global dominance of fossil fuels could be all but gone in 10 to 15-years.
"It is increasingly plausible to foresee a future in which cheap renewable electricity becomes the world's primary power source and fossil fuels are relegated to a minority status," reads the conclusion of the 32-page document, produced by Policy Horizons Canada.
The little-known government organization provides medium-term policy advice to the federal bureaucracy, specializing in forecasts that peer a decade or two into the future.
The findings aren't radical or surprising. This is becoming a global consensus. It's actually not "becoming" anything. It is the global consensus.
Marty Reed, CEO of Evok Innovations — a Vancouver-based cleantech fund created through a $100-million partnership with Cenovus and Suncor — had a similar take after reading the draft report.
"You could nit-pick a couple of items," he said. "But at a high level, I would say the vast, vast majority of what they wrote is not even controversial, it's very well accepted."
So, Justin, you better stop dreaming of the low hanging fruit and get working on a viable industrial policy that reaches beyond carbon energy. The IMF says governments in Canada are squandering $35 billion each and every year in direct and indirect subsidies to the fossil energy giants. Enough. You've got other needs for that money that can have a lasting value to the country and our people.