After a near death experience I think most companies are just happy printing money for the time being. With so much pressure to decarbonize I don't think anyone will throw down $10B on long cycle growth projects. Every project going forward in Alberta will likely have carbon capture from day 1. If demand doesn't peak in next 5 years there will be a struggle to cover the growth.
High prices going forward might be a feature not a bug of the energy transition. Industry will need the capital to sort out the technology to capture the emissions and higher prices will force consumers off of fossil fuels.
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