Oilsands execs say a 'just transition' isn't a worry — it's their next big 'boom'

Cenovus CEO Alex Pourbaix announces a multi-year initiative focused on Indigenous communities near the company's oil sands operations in northern Alberta, at a news conference in Calgary, Alta., Thursday, Jan. 30, 2020. The CEO of one of the biggest oilsands companies in Alberta says transitioning its workforce for a net-zero emissions workforce isn't about cutting jobs but creating them. THE CANADIAN PRESS/Jeff McIntosh

OTTAWA - The CEOs of some of the biggest oilsands companies in Alberta say transitioning their workforce for a net-zero emissions future isn't about cutting jobs, it's about creating them.

"We estimated that we will spend somewhere in the range of $70 billion over the next 30 years to decarbonize the production of the oilsands," Cenovus CEO Alex Pourbaix said in an interview with ºÃÉ«tvthis week.

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