Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canada’s oil sands industry may find itself fighting with the US — its own largest customer — for a share of a shrinking oil market within four years.
According to research released this week from Imperial College London and the Carbon Tracker Initiative (CTI), demand for oil and coal could stop growing as soon as 2020, thanks to falling prices for solar energy and the rapid growth of electric vehicles (EVs).
And Canada’s government and oil industry have shown little sign of adjusting their forecasts to account for the Paris climate accord, the Canadian Centre for Policy Alternatives noted in a recent report.
