Energy was a major theme in Alberta's throne speech as the governing United Conservative Party acknowledged the high cost of electricity while signalling strategies it will pursue to improve affordability and modernize the province’s power grid.
It also promised future incentives to homeowners to install solar panels to relieve pressure on the grid during peak demand.
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Big Oil Doubles Down on Fossil Fuel Despite Clean Energy ShiftExxon's $60 billion deal to buy Pioneer and Chevron's $53 billion tie-up with Hess sends a clear message: big oil is investing in fossil fuel despite the shift to clean energy. The International Energy Agency's prediction of oil demand peaking by 2030 raises questions about the rationale for increased spending on fossil fuel. However, the transition to clean energy is a long and expensive process, which explains why oil giants are not diversifying into clean energy projects.
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