Quote:
Originally Posted by octothorp
Despite one's feelings on climate change, Paris Agreement, Carbon Taxing, etc. there's no denying that the O&G industry is unsustainable long-term, and the only uncertainty is how soon it becomes unsustainable for Alberta. I'd like to see someone, from any party (heck, at any level of government), put forward a serious and ambitious plan for how we achieve the necessary economic diversification to adapt. I don't care if it raises our comparatively low provincial taxes, or if it requires us challenging the federal government on equalization payments. This was my primary reaction to the Olympic bid: anything that spends loads of money in Alberta but isn't directed at these huge, long-term questions isn't money well-spent.
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It depends on the cost of sequestering Carbon from the air is current proposed tech is about $100-$300 dollars. If that gets close to $50 than oil is viable forever or until batteries become cheaper however batteries have their own significant availability issues if widely adopted. So it will be interesting to see if Moore’s law can take care of global warming for us.