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.
Author citing unpublished oil and gas forecast rings death bell for oil despite current evidence that oil is rebounding.
Even if oil and gas were in decline, Canada should be the country to supply it.
- Despite activist talking points about oil demand being in decline, regardless of demand hit from COVID, the International Energy Agency still forecasts demand to grow past 2040.
- If demand is increasing, Canada should be the world’s supplier of oil and natural gas due to our #1 environmental, social and governance ranking of oil and gas producers.
- Canada has high ESG rankings because the oil and gas industry invests heavily in clean tech. From 2015 to 2017, the oil and gas industry spent $2.75 billion on clean tech.
https://cleanresourceinnovation.com/preview-pdf/resource/CRIN%20Oil%20and%20Gas%20Innovation%20Ecosystem%20Presentation%202017.pdf (2016) https://www.cosia.ca/uploads/files/news/CRIN%20Overview%20Document%20July%2020%202017.pdf(2015)
- The author argues that the cost of oil production has increased in Canada’s oil sands. This report from IHS Markit shows that the cost of oil sands production has fallen by more than 40% since 2014.
Here are some stories that get it right, or mostly right.
Despite constant berating that Canada isn’t enough to reduce emissions, news out of Alberta shows quite the contrary. The Government of Canada is helping expand the City of Calgary’s biomass production and carbon sequestration project. The expansion of this project by 300 hectares will take remove about 200,000 tonnes of CO2 over its life time.