This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.
By all calculations, the Canadian Centre for Policy Alternatives misses the mark on LNG.
- Most wells are ‘green completed’ meaning that wells are tested into special equipment to capture the natural gas instead of flaring or venting
- B.C. and Canada for that matter, have stringent regulations for flaring and venting. Only certain circumstances allow for it.
- B.C. has reduced flaring by over 23% since 2006, which has reduced fugitive emissions.
- This Canadian Centre for Policy Alternatives relies on debunked fugitive emissions data. Independent studies show that fugitive emissions are at between 0.0% and 1.65% of production, not the 3.3% figure they use.
- Common sense tells us that natural gas had lower emissions than coal. So does this independent study that says Canadian LNG is 20% lower in emissions than even high-efficiency coal power plants in China,
- As for financial implications, the Government of B.C. expects gas royalties to increase by 35% in 2020. Oil and gas are expected to bring in almost $491 million in 2020/2021.
Here are some stories that get it right, or mostly right.
The oil and gas industry in Canada is extremely well-positioned to take advantage of the growing global hydrogen industry. About 3/4 of today’s hydrogen is derived from natural gas. When this process involves capturing and sequestering emissions from production it is called ‘blue hydrogen’. As more carbon capture technology comes online in Canada, this will only bring another strategic environmental advantage to the Canadian oil and gas industry.