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‘Just transition’ will create jobs, says Cenovus CEO

OTTAWA –

CEOs of some of Alberta’s biggest oil companies say transforming their workforces toward a net-zero future is not about cutting jobs, but creating they.

Cenovus CEO Alex Pourbaix said the oil sands group behind a coalition to decarbonize their companies estimates that reaching the net zero emissions target by 2050 will create 35,000 jobs.

Derek Evans, CEO of MEG Energy, said he’s really worried that Canada doesn’t have the workforce it needs to get the decarbonization done.

Their comments in an interview with The Canadian Press this week come as Premier Danielle Smith of Alberta is pushing back against Ottawa’s plans to introduce a “switch-only” law to oversee the move to cut food. carbon emissions from industry.

Smith released reports this week that a federal memo suggested millions of jobs would be lost in the transition, but the memo actually referred to the number of jobs currently existing in the country. industries that may be affected by decarbonisation.

The Liberals have been promising such legislation for more than three years and are expected to introduce it in the House of Commons sometime this year.


This report by The Canadian Press was first published on January 18, 2023.



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