Quote:
Originally Posted by GGG
And fundementaly EVs will not kill Albertas economy by 2030.
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No, Alberta will kill Alberta's economy by 2030. Reliance on a single industry that does dick for innovation, other than finding new ways to mine the resource, is what will kill the economy. I agree with Igniter's comment that the petrochemical industry is not going to go away. But I do think it is going to change dramatically in the next decade or two. EVs will be a driver. Climate change will be a driver. Pollution and water scarcity will be a driver. Dirty industries will suffer greatly. Sources of pollution and greenhouse gases will suffer greatly. But the need for petroleum products will likely not go away. The use of petroleum products will change, and for the better.
Instead of oil being used primarily for fuel, it will be channeled toward other uses like plastics and lubricants. Petroleum products used for fuel will instead go into power generation, where the waste by-products can be properly sequestered and managed properly. Demand will drop for oil. Demand for natural gas will increase. This is where Alberta should be driving innovation. They should be developing technologies that drive customers to this natural gas. Alberta should own the natural gas fuel cell marketplace and make this a standard feature in every residence and building across the country, then across the continent. The tech is there, it just needs an investment and someone to drive adoption.
On an industrial scale, the Bloombox is being adopted by large companies to power their commercial applications.
Alberta should be driving innovation into developing fuel cell technology so it drives demand for natural gas. Imagine if every home in the country had a fuel cell that powered the home, heated the home, and charged the EV parked in the garage? Think that would save the O&G sector and guarantee longevity? Think it would be good for the overall economy?
Alberta should also be leading the planet in driving innovation to capture CO2. The government should be throwing as much money as possible at developing solutions like this.
This is technology that should be on everyone's mind. This technology should be promoted and implemented all over the planet. To do so would require government support. The people have to demand this change.
Alberta could increase the demand for their natural resources by innovating and providing products the world needs. Is Alberta doing that? Or are they waiting for the Germans, Chinese, or Indians to beat them to the punch? Alberta has potential to address their own economy through innovation, which will lead to diversification. You have some very smart people in Alberta, like the people behind the video above, and they can solve the problem with proper investment. It is up to Albertans to demand the government guarantee the future of the economy by supporting innovation and develop of new technologies that support the existing and expand the demand for those products.