Three-quarters of oil and gas sector could be displaced in move to cut emissions
A report by TD Bank suggests up to three-quarters of those working in the oil and gas sector could lose their jobs over the next three decades as Canada works toward its greenhouse gas emission targets.
Ottawa has set a goal of net-zero emissions by 2050.
The TD report says the government's commitment is critical to avoid the worst outcomes of climate change, but the cuts will need significant action
The report says that 50 to 75 per cent of those working in the oil and gas sector or between 312,000 and 450,000 people could be displaced by 2050.
It says the clean-energy transition will create new job opportunities, but there is no guarantee that those hurt will stand to benefit from the change.
The report says efforts and resources to cut emissions should be matched by efforts and resources to help workers displaced in the process.
- Here Is What The City Should Do About The Significant Increase In Gas Emissions
- Canada not on pace to meet target to cut methane emissions by 2025
- Mississauga Declares Climate Change Emergency
- Provincial government strengthening emissions testing
- Mississauga Set to Consider Ambitious Multi-Million Dollar Climate Change Plan
- House of the week: Spectacular $4.3 mil Lorne Park home with wine cellar
- PHOTOS: Over 100 townhouses planned for brand new neighbourhood in Mississauga
- Still no answer from feds as 14 flights land at Mississauga's Pearson Airport with COVID-19
- Give AstraZeneca vaccine to residents 18+ in hotspot areas like Mississauga and Brampton: Ontario Liberal leader
- CAUGHT ON VIDEO: Fight breaks out at gas station in Brampton