Canadian Energy Network: Weekly Review January 17th

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In case you missed it, we compiled this week’s topics and news stories just for you!

 


Weekly Update


 

Topics:

 

  • Divestment from fossil fuel investments.

  • Coastal GasLink can provide jobs and opportunity.

  • The oil and gas industry is keeping us warm, and fighting emissions.

  • The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report attacking the financial benefits of Teck’s Frontier Mine Project.

  • Albertans are unsatisfied with the way the country is going. The bungling of major energy projects is the culprit.

  • The Supreme Court of Canada just dismissed British Columbia’s appeal to regulate contents flowing through the Trans Mountain pipeline.

January 13th

News Headline:

Extinction Rebellion ends hunger strike after UBC clarifies commitment to fossil fuel divestment

The Facts:

Divesting from fossil fuel investments can hurt student wallets without reducing emissions.


January 14th

 

News Headline:

Premier John Horgan says Coastal GasLink project will proceed even with Wet’suwet’en opposition

The Facts:

Coastal GasLink can provide jobs and opportunity for all communities along its route, including the Wet’suwet’en nation. Even though the hereditary chiefs of the Wet’suwet’en oppose this project, the elected councils who represent the nation support the project.


January 15th

 

News Headline:

David Staples: On our coldest days, where would we be without the miracle of fossil fuels?

The Facts:

Oil and gas are keeping us warm, and the industry’s technology is fighting emissions.


January 16th


The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report attacking the financial benefits of Teck’s Frontier Mine Project. They claim that the accounting that went into the calculation of these benefits was “misguided and reckless”. Even if oil doesn’t reach the $95 a barrel-like the IEA predicts, the economics at the more modest price in Teck’s shareholder presentation will still be profitable at the current cost of development. This is another shot across the bow at Alberta’s oil and gas industry by a group funded by foreign foundations such as the Rockefeller Brothers Fund and William & Flora Hewlett Foundation(notable for their participation in the ‘anti-tar sands’ campaign).

Here are some facts about the IEEFA and Teck’s Frontier project:

Instead of promoting their funders’ bias, the IEEFA should consider all the facts when it comes to reporting on Canadian hydrocarbon projects. This is clearly an attempt to change opinion in time for cabinet to make its final decision on the project. A foreign think tank should not be allowed the ability to influence regulatory approvals in Canada.

News Headline:

How satisfied are you with things in Canada? Poll reveals a chasm between Alberta, Quebec

The Facts:

The majority of Albertans are unsatisfied with the way the country is going. The bungling of major energy projects is the culprit and has pushed Albertans to look for more autonomy.

Breaking News:

The Supreme Court of Canada just dismissed British Columbia’s appeal to regulate contents flowing through the Trans Mountain pipeline.

More to explore