All great parties come to an end

The risk of Canadian energy incumbents facing unburnable reserves is not negligible. Hedging our bets is good risk management.

US Dept of Energy Photo: Dennis Schroeder
Testing photovoltaic panels.
Tom Rand
Published: Wednesday, 03/18/2015 12:00 am EDT

The fossil fuel party has been great. Plentiful, low-cost hydrocarbons pulled humans out of the muck and into the 21st century. For many Canadians, life is grand—we fly on vacation, drink wine from Australia, and watch TVs made on the cheap in China in homes that are warm in winter and cool in summer. Our ability to export abundant fossil fuel resources means Canadians doubly benefit. Nobody in their right minds wants the party to end—but end it must.

If you are already a subscriber

Subscribe to Embassy

Subscribe to the print and electronic editions and get instant access to Embassy online.

Quick purchase

Purchase this week's edition of Embassy in electronic format (PDF) for $4.00

Sign up for a free trial

For access to the website.

This Week's Issue
policy briefings