This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
Anti-pipeline Governor and Attorney General go against the will of Michigan House of Representatives and gets judge to temporarily suspend operation on Line 5.
- As soon as Enbridge discovered the issue on the east side of Line 5, they shut down both ends of the pipeline and analyzed the problem. They only started the West line up after they found no issues with that side.
- Since before their first day in office, Michigan’s Democratic Governor and Attorney General have been calling for the shutdown of Line 5 and collaborated on filing lawsuits with Enbridge.
- This suspension comes on the heels of an overwhelming vote by the Michigan House of Representatives for the timely issuing of permits for Line 5’s replacement. In an 80-28 vote in favour, 46% of Michigan House Democrats voted in favour, against the governor.
- Inexplicably, the Attorney General opposes pipelines but suggests using railcars and trucks to transport oil and gas instead.
- 23 million gallons (87 million litres) of crude oil and propane are transported daily between Superior, Wisconsin, and Sarnia, Ontario on Line 5. Permanently shutting it down could severely disrupt the energy markets in Michigan, Ontario and Quebec.
Here are some stories that get it right, or mostly right.
‘Hypocritical’: After divesting from oilsands companies, Norway expands to the untouched Arctic
After Norway dumped it’s Canadian oil sands assets last month from its Wealth Fund citing ‘environmental concerns’, the country has now begun more oil and gas exploration in the Arctic. An interesting move, as Canada does not have any oil and gas production up north and has had a moratorium on it for a few years. Norway’s government also cut taxes for the country’s oil and gas industry in a bid to reduce break-even costs there by 40 per cent and stimulate investment in the sector.