This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
Greenpeace Canada targets the Canadian oil and gas industry and plastics industry for allegedly trying to exploit COVID
- While it is important that we keep our environment free of garbage, but even Greenpeace acknowledged that there are medical applications for single-use plastics for PPE, that can’t be replaced.
- Despite the Federal Government’s ban on single-use plastics by 2021, the Canadian petrochemical and oil and gas industry is not concerned. Petrochemicals are used for a wide variety of applications including manufacturing of electric cars.
- The examples they gave of industry trying to lobby for de-regulation of environmental protections are all from the U.S. and not representative of the Canadian landscape.https://www.greenpeace.org/usa/wp-content/uploads/2020/03/The-Making-of-an-Echo-Chamber-How-the-plastic-industry-exploited-anxiety-about-COVID-19-to-attack-reusable-bags.pdf
- Plastics made in Canada are produced with natural gas as cleaner feedstock, which helps reduce emissions.https://energynow.ca/2019/06/single-use-plastics-ban-not-expected-to-hurt-new-petrochemical-projects/
Here are some stories that get it right, or mostly right.
Varcoe: O’Regan says, ‘The country is not going to recover unless the oil and gas sector recovers’
Minister of Natural Resources Seamus O’Regan stated in an interview on ARC Energy Research Institute’s podcast that “we still have some ways to go”, when it comes to a liquidity support package for the oil and gas industry. Additionally there anticipated changes coming as early as next week that should help companies access capital. The most re-assuring statement the Minister made was his acknowledgement of the importance of the oil and gas industry to Canada and the economic recovery taking place.