I think there is no doubt that there has been mismanagement at both the political and corporate level.
As far as public opposition to O&G development goes, it is real and it is sometimes vehement. Even if it is misguided, and some of it certainly is, in a country like Canada policy makers need to walk the line. We can't just force pipelines through aboriginal territories or constituencies that are against them.
I have a close friend who is a senior executive with a major energy company and I know for a fact that they are working towards diversification, finding ways to maximize profits, innovation, positioning for the future. Things have changed.
The leaders are moving forward as best they can.
I do feel for all those affected by all the layoffs. It is far from good. I do believe that we will come out better for it on the other side, but it is obviously a difficult transition.
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