In The News – July 29th, 2019

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 Here are some of today’s top news stories about the oil and gas industry and how to talk about them.

Story: Environmental concerns could dash Teck’s hopes of building massive oilsands mine

But this investment could help spur new spending for the oil and gas industry.

Key Points:

-Even though traditional oil sands mining produces emissions, emissions per barrel have decreased over 12% since 2005 and continue to drop.


-Teck’s projections point out that the mine would only contribute 4Mt of emissions. Still keeping well below the 100Mt Cap Alberta

Story: OPINION | Greens’ climate plan adds up to Mission: Improbable
Here are some more reasons why this probably wouldn’t work.

Key Points:

-The energy density of renewables like wind and solar is lower than those of traditional fuels like natural gas. This means that there will need to be a lot of wind and solar panels to generate enough electricity to meet demand. This can have implications for land use and public policy.

-There are also issues with storage capacity: Currently, the $5 billion Tesla “Gigafactory” in Nevada is the world’s biggest battery manufacturing facility. But its total annual production could only around store three minutes’ worth of annual U.S. electricity demand.


More to explore