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.
.350 Canada has been getting followers to write letters to the editor in small-town newspapers in B.C. to tell readers to “defund” Trans Mountain. Their claims are overstretched.
Despite activist rhetoric, Trans Mountain has local support and is benefitting those communities.
- The oil and gas industry is a major driver of foreign exchange. The increased capacity from the Trans Mountain expansion will increase our export capacity to more markets, particularly in heavy crude refining countries like China and India.
- Local opposition cited by activists is overstated. TMX has signed 21 agreements with local communities along 95% of the pipeline’s route. They are also paying $52 million per year in property taxes and landowner compensation.
- Despite claims that the Trans Mountain pipeline will be a “carbon bomb”, this study by Navius Research shows that the project could reduce global emissions by 1,600,000 tonnes.
- Trans Mountain has so far signed 68 benefits agreements with Indigenous communities along the pipeline’s path. 120 out of 129 communities along the pipeline’s path do not oppose the project.
- Trans Mountain just signed an agreement with 8 B.C. First Nations to reroute part of the pipeline to avoid the risk of contaminating a local aquifer.
Here are some stories that get it right, or mostly right.
The Clean Fuel Standard (CFS) is coming and is expected to be dropping in the Canada Gazette in late 2020. Resource Works has drawn up some good talking points about the impacts and aspects of the controversial new fuel regulation. There are many things to consider about the standard, especially in the context of an economic recovery. The Canadian Energy Research Institute estimates that the CFS will cost Canadian households at least $1,395 a year.