Media representatives are invited to attend today’s free event at the Royal Ontario Museum.
Toronto, ON – James Leaton, Research Director of Carbon Tracker, will speak today about the impact of lower oil prices and a low-carbon future on energy investments and Canada’s economy.
With oil prices at a five-year low, the future of many oilsands projects is becoming uncertain. The long-term outlook is especially unclear. Financial researchers have identified the possibility of a “carbon bubble” in the energy sector, with experts such as former Bank of Canada governor Mark Carney issuing warnings about this risk.
To avoid dangerous levels of climate change, the International Energy Agency and other experts have indicated that the vast majority of fossil fuel reserves must stay in the ground. In a low-carbon world, the high-cost and high-emissions oilsands will be among the most-affected reserves.
An originator of the carbon bubble analysis, James Leaton will provide valuable insights into new research on Canada’s exposure to price volatility, the risk of unburnable carbon and the possibility of stranded assets as part of his first speaking tour in Canada.
WHEN: Today – Thursday, November 27
WHERE: Signy & Cléophée Eaton Theatre, The Royal Ontario Museum (100 Queen’s Park, Toronto)
TIME:  Doors open at 6 p.m., event begins at 6:15 p.m. sharp.
COST: Free. RSVP at www.environmentaldefence.ca/carbonbubble
ABOUT ENVIRONMENTAL DEFENCE (environmentaldefence.ca): Environmental Defence is Canada’s most effective environmental action organization. We challenge, and inspire change in government, business and people to ensure a greener, healthier and prosperous life for all.
ABOUT THE PEMBINA INSTITUTE (pembina.org): The Pembina Institute is a national non-partisan think tank that advances for clean energy solutions through research, education, consulting and advocacy.
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For more information or media requests, please contact:
Naomi Carniol, Environmental Defence, 416-323-9521 ext 258; 416-570-2878 (cell) ncarniol@environmentaldefence.ca
Bernard Rudny, The Pembina Institute, 416-993-2455, bernardr@pembina.org