You may have seen recent media warnings that the price of natural gas is soaring. The problem with fossil methane — the main component of natural gas — they say, is not that it’s expensive, but that it is still so cheap. Some, including former federal Conservative finance minister Joe Oliver, now chair of Ontario’s Independent Electricity System Operator, oppose the move to stop using natural gas, saying it will be prohibitively expensive and self-defeating. Of heat sources, natural gas is the biggest single GHG producer partly because it is so widely used. That’s because cutting back on natural gas has to face a tough economic reality.

Source: CBC News November 15, 2021 12:14 UTC