the bank of canada would be wise to consider the future were heading towards for a petroeconomy such as canadas where the energy industry and the countrys economic wellbeing are closely linked the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices its time canada did some longterm thinking about oil for years people have been running around washington yelling that the united states was at risk of becoming greece there may actually be a basis for such concerns but not for the reason usually given will the united states end up like greece the risks of the transpacific partnership