Search Climate Insights Directory

This policy brief by the International Institute for Sustainable Development (IISD) argues that Canada is unlikely to be the last country to sell oil due to a combination of declining global demand, price volatility, and higher production costs compared to Middle Eastern competitors. While Canada's heavy reliance on U.S. refineries provides a temporary buffer, the document suggests that ESG credentials will not protect market share and that the sector faces an existential threat as the world moves toward a post-peak oil market around 2030.