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80's & 90's Oil Boom Predicted with 35,000 Jobs in Alberta Anticipated by 2050

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Calgary, Alberta - The CEOs of some of the largest oilsands companies in Alberta have announced that their plans for transitioning to a net-zero emissions future are not about cutting jobs, but rather creating them. The companies, which are part of the Pathways Alliance, a consortium created to decarbonize their production entirely by 2050, estimate that reaching their goal will create 35,000 jobs. "We estimated that we will spend somewhere in the range of $70 billion over the next 30 years to...

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The World Needs More Oil and Gas - According to Elon Musk

  • 4 months ago
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Chief Executive Officer of Tesla Inc., Elon Musk says that the world needs more gas and oil to combat energy shortages. It’s an odd comment from a man who designs electric vehicles, but even Musk recognizes the current energy crisis - especially with Europe suffering shortages at the hands of Russia as well as nuclear power plant outages in France. Overall, wholesale energy prices have climbed exponentially in the past few months. During the ONS energy conference in Norway, Musk said he is no...

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Shell Exits Russia and Writes Off Up to $5 Billion in Assets

  • 9 months ago
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Oil and gas industry giant Shell has announced that the company will write off $4-$5 billion in assets following its exit from Russia in the wake of the Ukraine invasion. Shell also warns investors that the volatility of energy prices during the first quarter of 2022 could negatively impact cash flow.  This means that the recent invasion has left companies scrambling to adjust to the major shifts in the energy markets despite the surge in oil and gas prices. This announcement offers an early...

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