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Delaying Makes the Transition Worse
Fossil fuel industries have already shed 50,000 jobs since 2014, as private employers respond to falling prices and falling profits by sacking workers, restructuring operations, and automating production. So far this transition away from fossil fuel employment has been driven by the profit-maximizing decisions of companies – without the planning and support required to reduce dislocation and take full advantage of alternative job opportunities. In this commentary originally published in the Globe and Mail, Jim Stanford argues a gradual, planned transition, with ample supports for early retirement, retraining, relocation, and income stability, could ensure that the switch to renewable energy sources occurs without lay-offs and community distress. The commentary summarizes…
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Transition Plan for Workers can Prevent Unemployment as Fossil Fuels are Phased Out
New research from the Centre for Future Work demonstrates that with prudent long-term planning, the coming phase-out of fossil fuel production and use can be managed without causing unemployment for fossil fuel workers. Employment Transitions and the Phase-Out of Fossil Fuels, by Jim Stanford (Economist and Director of the Centre for Future Work) shows that fossil fuel industries directly account for 170,000 jobs in Canada – less than 1% of total employment. A 20-year phase-out of fossil fuels implies an annual reduction of fossil fuel employment of around 8,500 jobs annually: the number of jobs typically created by the Canadian economy every ten days. With a clear timetable for phase-out,…