A New Year and a New Barrage of Headlines, Predictions and Carbon Policy
The news flow has started off 2021 with a bang! Saudi Arabia surprised the oil markets announcing a voluntary 1 MMB/d cut to their production for February and March. The Democrats gained two seats in the Georgia election, granting them greater power in the US Senate. The stock markets saw the change as a positive signal for clean energy companies. Bitcoin is attracting attention, but are digital currencies consequential for energy?
Next, after a tough year for making predictions in 2020, we introduce some foolproof predictions for 2021. See Peter Tertzakian’s recent commentary “Look Into 2021.”
Finally, we review the barrage of policy strategies, draft legislation, and action plans released by the Canadian Federal Government at the end of 2020:
December 11, 2020: “A Healthy Environment and a Healthy Economy”
December 16, 2020: Hydrogen Strategy for Canada
December 18, 2020: Small Modular Reactors Action Plan
December 19, 2020: Draft Clean Fuel Standard Legislation
We debate the $170/tonne carbon tax by 2030. How would the tax impact energy prices, and how do the rebates work? Will the policy result in people reducing their GHG emissions?
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