The energy status quo is being upended – how will Canada respond? [Toronto Globe and Mail (Ontario, Canada)]
Exxon Mobil Corporation (XOM)
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Source: Toronto Globe and Mail
The energy status quo is being upended – how will Canada respond? Tom Rand is a managing partner at ArcTern Ventures, which invests in early stage clean-tech startups. With Canadian energy executives and politicians ensnared in endless regulatory and climate debates, global forces of technological disruption that respect no borders pose the real threat to Canadian economic health. No policy or established incumbent could prevent, or even slow, prior tech disruptions such as the industrialization of agriculture, automation of manufacturing or digitization of communications. Global energy systems are today going through a similarly inevitable and deep disruption, driven by innovation and steep cost reductions in renewables and electric vehicles. Story continues below advertisement While we bicker about pipelines to tidewater and the effects of a tiny incremental price on carbon, the cost of solar and wind continue to plummet – driven by the inevitable declining cost curves associated wi
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