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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.
Article authors miss important aspects of oil demand, trans mountain, and the future of energy.
In a decarbonizing world, Canada can keep environmental impacts low while producing reliable oil and gas.
- Despite claims that the letter was signed by over 100+ economists, it was only signed by a handful with economic credentials, and a lot by anti-oil and gas activists.
- The world’s population will be growing from today’s 7.7 billion to almost 10 billion by 2050. We will require a lot of energy to support this growth, and Canada’s oil and gas industry is well suited to provide that energy by being the most environmentally responsible producer.
- Canada’s oil and gas industry is the largest investor of any industry for environmental and clean technology spending. They invested $1.45 billion for clean technology in 2016 alone.
- The Trans Mountain expansion is also expected to bring a host of benefits along its route including high-paying jobs. As of July 31, 2020, there were approximately 5,600 people working on the project including Indigenous workers.
- Navius Research did a study on Trans Mountain’s climate effects and found that it could help reduce global emissions by 1,600,000 tonnes.
Here are some stories that get it right, or mostly right.
Stewart Muir, executive director of Resource Works writes that the oil sands are far from being one foot in the grave as anti-oil and gas activists would like to believe. He notes that one of the largest increases in demand is coming from Asia, where they are growing their capacity to refine heavy oil like Canada’s bitumen. Canada has the highest ESG scores of the top 10 oil and gas producing countries. The Task Force For Real Jobs, Real Recovery found in their recent report that oil and gas are essential to Canada’s economic recovery. Canada can strike a balance between reducing environmental impacts and energy production, and most signs show that we are already doing that.