Canadian Fossil Capitalism, Corporate Strategy, and Post-Carbon Futures

This study investigates the relationship between the carbon extractive sector in Canada and renewable energy development. Specifically, it examines the strategies employed by Canadian carbon-capital firms to shape and control alternative energy and considers if we are witnessing signs of "transition capture" as some oil, gas, and coal firms invest in a gradual shift toward "climate capitalism." I investigate first, investments by large Canada-based fossil fuel companies in renewable energy and second, interlocking directorate relations between the fossil fuel sector and the renewables industry. Findings suggest the possibility of a long-term strategic orientation toward a climate capitalist model of development by some carbon-capital firms; however, this alignment remains highly tentative, with evidence pointing to an industry that is largely without plans for energy transition.