Risks — and possibly rewards — lie ahead for Canada’s mining sector as the protectionist president-elect returns to the White House, say industry leaders.
"You can just see the brainpower heading south," said Ken Seitz, the CEO of Saskatoon-based Nutrien Inc., adding the tax credits and subsidies offered through act are drawing investment dollars south of the border when it comes to things like renewable energy and carbon capture and storage.
In recent years, the U.K. and U.S. governments and private sector have offered incentives and funds to help ramp up SAF production. But skeptics say the alternative fuels will hardly make a dent in the airline industry’s large carbon footprint.
A U.S. federal grant has helped bolster Electrified Thermal Solutions, which is manufacturing a new heat-conducive brick that the company's founders claim will dramatically reduce the fossil fuel needs for heating in heavy industry.
Capital Power's decision not to pursue its $2.4-billion Genesee project is unlikely to be the first of other such cancellations, said Scott MacDougall of the Pembina Institute, a clean energy think tank.
Investors and would-be suppliers need incentives to start churning out the greener oil, industry groups say. They're hoping Ottawa can match programs in the U.S. and ultimately help cut airplane pollution, which accounts for about two per cent of global carbon dioxide emissions.
A new government-commissioned report says Ontario should develop related policies and communicate its vision clearly to the public about a transition to electrification.
The popular narrative suggests that tackling methane emissions is the “low-hanging fruit” in the climate-solutions toolbox. The belief that turning off the taps on this “super-pollutant” could “buy us time” to address the climate crisis is widespread, shared by politicians, journalists, and even some scientists.