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May 30, 2016 08:00 pm

Canada's Energy Superpower Status Threatened As World Shifts Off Fossil Fuel

Robson Fletcher, reporting for CBC News: Canada's status as an "energy superpower" is under threat because the global dominance of fossil fuels could wane faster than previously believed, according to a draft report from a federal government think-tank obtained by CBC News. "It is increasingly plausible to foresee a future in which cheap renewable electricity becomes the world's primary power source and fossil fuels are relegated to a minority status," reads the conclusion of the 32-page document, produced by Policy Horizons Canada. "It's absolutely not pie in the sky," said Michal Moore from the University of Calgary's School of Public Policy. "These folks are being realistic -- they may not be popular, but they're being realistic." Marty Reed, CEO of Evok Innovations -- a Vancouver-based cleantech fund created through a $100-million partnership with Cenovus and Suncor -- had a similar take after reading the draft report.

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