This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
‘They’re not going away overnight’: RBC CEO says fossil fuels are necessary in shift to green economy
Hydrocarbons support renewable technology production.
- The International Energy Agency’s world outlook still notes oil and gas as a significant part of the world’s energy mix for the next 30 years.
- The oil and gas industry is one of the largest investors in renewable technology and will play a major part in supporting those technologies.
Tyee journalist misstates the reality of natural gas production in Canada.
- Robert Horwath, the author of one of the reports cited in this story has been discredited multiple times by his colleagues.
- The author of this piece cites venting and flaring in natural gas production as major emitters of methane, however, these activities have been heavily reduced and regulated.
- British Columbia, itself a major natural gas producer, and targeted in this report has recently revamped their regulations to address methane leakage in natural gas operations
- China has a massive demand for natural gas and Canada can be the supplier. Recently the former director of the International Energy Agency said Canada might miss the global LNG boom, which will hinder the effort to reduce global emissions
- The author also failed to note that B.C. LNG is going to be produced with hydropower, making it the world’s cleanest LNG producer.