Carbon Tracker founder Mark Campanale warns that Canada's new oil, pipeline, and LNG projects could become stranded assets as electrification shifts global energy demand. Speaking with Energi Media, he argues that infrastructure built for long-term fossil fuel exports may face weaker markets when those projects actually come online. Banks and pension funds also carry exposure, since asset values underpin borrowing and company valuations. Campanale points to household-level changes like solar panels, batteries, heat pumps, and EVs that turn consumers into energy producers. That shift could erode oil and gas demand faster than many financial models assume. For Canadian investors and policymakers, the article is a useful risk check: examine what future markets will look like when new infrastructure opens, not just today's demand.
