Supply & Demand

Canadian fossil fuel use to peak in the next two years – NEB

Canada’s fossil fuel consumption is expected to peak in the next two years thanks to climate policy and technological advances, the NEB has said.
By Staff reporter 30 October 2017 0 28166

Canada’s fossil fuel consumption is expected to peak in the next two years thanks to climate policy and technological advances, regulator the National Energy Board (NEB) said in a long-term energy outlook released last week.

Projections in the report’s reference case scenario show Canadian fossil fuel use peaking in around 2019 and flattening out in the long term. All three of the report’s scenarios show Canada reducing its fossil fuel consumption further compared with the NEB’s previous outlooks.

“Every time in the last 10...