Earlier this week, TD Economics released a report about the impact that Canada’s energy transition – from traditional energy sources such as oil and gas, to more efficient sources such as renewables is expected to have on the domestic workforce. As the extraction of and distribution of Oil and Gas accounts for just over 25% of Canada’s GHG emissions, it will be nearly impossible to preserve the sector and its jobs in their current state while expecting to meet the country’s GHG targets calling for a reduction of emissions by 40% by 2030 and for carbon neutrality by 2050.
Canada’s attempt to meet these commitments could result in the displacement of more than 450,000 jobs currently found in the oil and gas sector, mostly found in regions such as Saskatchewan, Newfoundland and Labrador and Alberta.
On the positive side, the report suggests that there will be many opportunities to re-skill and re-deploy people that have been displaced from the traditional energy sector into clean energy and energy efficiency retrofitting jobs. Indeed, helping Canadians re-skill and transition to find a place in the energy efficiency industry is one of CIET’s core priorities, which certain programs such as Energy Management Professional (EMP) 101 directly serve this purpose.
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