On August 26 at 5pm (CEST) Responsible Investor will be hosting a webinar on risk analysis for investors in Canada's crude oil pipeline network and debate larger stranded assets implications for investors in North American fossil fuel infrastructure. The Canadian government's decision to double up on carbon risk with stakes in Keystone XL and Trans Mountain adds to the importance of stranded assets risk analysis in the upstream segment. As global investors and insurers begin to divest from the highest carbon assets in line with Paris Agreement targets, will Canada and other G20 economies get serious about the transition to net zero emissions and their commitment to phase out subsidies for the sector?
Following an OPEC price war with US producers and coronavirus demand contraction, crude storage capacity maxed out in 2020, with North American pipeline companies reducing capex as a survival strategy. In Canada, they have benefitted from hefty government support, but the outlook for the decade ahead is rocky. Join us for a lively debate on the future of pipelines and other energy infrastructure in North America.