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.
Foreign-funded activists are trying to switch the channel from global environmental challenges and funds blocking Canadian pipelines.
Canadian oil and gas are the most responsibly produced hydrocarbon resources in the world.
- Environmental Defence was paid $45,000 in 2017 to label Canadian oil and gas as “dirty” and to fight pipelines.
- This report from the Bank of Montreal shows that Canada is the #1 ranked top 10 oil and gas producer in ESG categories.
- The Canadian oil and gas industry is the largest funder of clean technology and accounted for 72.5% of total funding in 2016.
- This report from Navius Research shows that Canada has a carbon advantage and can reduce global emissions by producing resources domestically.
- Canada is the best in the world at supplying reliable, sustainable energy and will be able to help meet world energy demands as the global population increases to 10 billion.
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Here are some stories that get it right, or mostly right.
Aaron Wudrick and Franco Terrazzano of the Canadian Taxpayers Federation write that the proposed regulatory Clean Fuel Standard, nominally dubbed “Trudeau’s Second Carbon Tax”, is going to increase costs to Canadians in an already constrained economy. Some reports show that the new fuel standard could equal out to $350 per tonne of emissions reduced. It is also expected that there could be substantial job losses of around 30,000 workers. Though it is aimed at reducing emissions, so far none of the carbon tax regimes in Canada have actually managed to be successful at that initiative.