En­ergy con­sump­tion, emis­sions will con­tinue to grow, re­port says

The Guardian (Charlottetown) - - BUSINESS -

TORONTO — En­ergy con­sump­tion and green­house gas emis­sions in Canada will con­tinue to grow over the next 24 years re­gard­less of whether oil prices rise or pipe­line projects are built, a re­port from the Na­tional En­ergy Board says. “Sce­nar­ios like high or low oil and nat­u­ral gas prices, or whether or not we build pipe­lines or we build LNG ter­mi­nals ... are not suf­fi­cient to put Canada on a path to de­clin­ing green­house gas emis­sions,” said board chair­man and CEO Peter Wat­son, who pre­sented the re­port’s find­ings to the Toronto Re­gion Board of Trade. The study re­leased Wed­nes­day takes a long-term view of the coun­try’s en­ergy fu­ture and ex­pects power con­sump­tion to grow by about 20 per cent by 2040. The mar­kets will sup­ply Canada’s de­mand for en­ergy, and fos­sil fuel con­sump­tion and green­house gas emis­sions are an­tic­i­pated to in­crease. Fluc­tu­at­ing oil prices or pos­si­ble fu­ture de­vel­op­ment of pipe­lines don’t nec­es­sar­ily im­pact this, Wat­son said.

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