Road Vehicles: Oil and Gas Industry

road vehicles: At the same time, the majority of demand for oil comes from fuel for road vehicles, a segment undergoing a huge technological transformation towards electrification, according to National Observer. Canada appears to be grossly underprepared for a future where global demand for oil declines and not only that, our political and industry leaders are currently doubling down on oil as an economic engine oil that is more expensive to produce than virtually anywhere else in the world. The federal and some provincial governments of Canada are not only planning to keep the oil and gas industry running at full steam, but to massively expand it. The plans and investment decisions of the Canadian Government and oil industry leaders imply that, despite what they may be saying in press releases, they are assuming that we are headed towards two, three or more degrees of catastrophic warming globally. Increasing Pressure for Climate Action The IPCC's recent special report, along with countless others, highlight the absolute urgency of addressing climate change. In other words, they are betting on global climate failure. (www.immigrantscanada.com). As reported in the news.