This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
Indigenous communities support oil sands production. As stewards of the land they have incredible oversight in sustainable resource development.
- When Teck’s Frontier Mine was still in the process of being approved, all the First Nations in the area signed support agreements on their terms for sustainability.
- Indigenous groups see positive relationships and projects with oil and gas companies as a means to combat on-reserve poverty. These partnerships bring economic benefits to workers and their families.
Here are some stories that get it right, or mostly right.
New investment report counters misconceptions about the oil sands – CEC
An investment report from BMO Capital Markets shows that the Canadian oil and gas industry is in a great position to capitalize on its world leading ESG performance. This flies in the face of out of date data often used to criticize the industry. Analyst Jared Dziuba notes that “recent reports and prominent organizations that still reference pre-2012 emissions intensity for the oil sands producers, and since 2012 most of these projects have cut emissions 20 to 30 per cent”. Case in point, Canadian oil and gas is best suited to meet the world’s energy needs.