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.
Anti-oil and gas article continues to hope a ‘green’ recovery will not include oil and gas but still leaves out critical points about the industry’s performance with cleantech.
For the Canadian oil and gas industry, clean technology and investment has made Canada a leader in the environment.
- Mark Carney “absolutely disagrees with divestment campaigns.” He notes climate finance is so investors can have information about companies protecting the environment, which Canada’s oil and gas companies are actively doing.
- The oil and gas industry accounted for 72.5% of clean technology spending in 2016.
- Canada’s water use from SAGD extraction has been reduced to 60-70% lower than U.S. tight oil.
- Canada’s environmental, social and governance ranking is #1 among the top 10 oil and gas producers.
- Carbon capture and sequestration are playing a big role in Canada’s oil and gas industry. Whitecap Resources already captures and stores more emissions than they produce.
Here are some stories that get it right, or mostly right.
Mining group, once a key backer of Bill C-69, now has ‘deteriorating confidence’ in new project assessment regime
The Mining Association of Canada, once a supporter of the changes made by Bill C-69, the Impact Assessment Act, now has deteriorating confidence in the procedures of the act. The recent decisions by federal Minister of the Environment Jonathan Wilkinson to subject Teck’s castle project expansion to federal view. The Mining Association worries that the feds are now using the IAA to continue moving the bar to include projects not traditionally under federal jurisdiction.