Chevron Canada Ltd., the operator of the project, said earlier this year that it would stop funding further feasibility work on the project and put its stake up for sale.
David Adams, president and CEO of Global Automakers of Canada, said the writing is on the wall for the industry that the future is electric, but he believes a mandated sales target isn't the best way to get there.
As some countries have picked up the pace of distributing vaccines, there are glimmers of hope that the pandemic may get under control and economies will recover. Oil companies anticipate that will mean more cars on the road and planes in the air.