Despite the Canadian government’s efforts to curb carbon emissions and expand the adoption of renewable energy systems, the country’s crude oil production will only continue to grow in the next couple of decades, a report from the National Energy Board found. The report considered three different scenarios for the long term, outlining the most likely trends in energy. According to it, the only way Ottawa can achieve its own carbon-reduction targets is to sharply raise carbon prices and boost cleaner-energy adoption. These measures, however, will have to be much more radical than they are currently, NEB warned, otherwise there will be no way to curb demand for crude oil enough for the targets to be met. The authority forecast that oil consumption in Canada will peak by 2020, but under each of the three scenarios it devised for the report, it would continue to grow. This growth, however, will […]