Here are today’s top stories about the oil and gas industry, and how Canadian hydrocarbons make Canada and the world better!
‘We’re not open for business’: Calgary financier not surprised at Koch’s exit from Alberta oilsands
Bad regulations make capital flee and increase emissions abroad due to lower standards.
- Excessive regulations hamper Canadian productivity, shifting emissions to other jurisdictions which leads to increased global emissions, negatively affecting the environment.
- Canada has the highest environmental and emission standards when it comes to hydrocarbon production. When projects like Trans Mountain are blocked, leakage to other jurisdictions can be over 133%.
B.C. tanker ban already benefiting Canada’s competitors
As predicted, the ban is only helping less environmentally friendly producers.
- The tanker ban is a punitive piece of legislation that does nothing to protect Canadian waters since 85% of tanker traffic occurs on the East Coast.
- The northern coast of B.C. was found by Transport Canada to have the least likely environmental risk. The authority that regulates shipping on the West Coast reports no tanker incidents.
Fracking boom tied to methane spike in Earth’s atmosphere
But the author of this report has been discredited multiple times.
- A very recent study by the National Oceanographic and Atmospheric Administration shows that there has been no significant increase in methane emissions in the last decade. Robert Horwath, an anti-fracking activist, has been shown multiple times to be a biased source for information on fracking. His own colleagues have even discredited him.
- Canada’s high environmental standards have reduced methane emissions over 8 million tons in the last two decades. Another reason why Canada should be the natural gas supplier of the world.https://www.capp.ca/-/media/capp/customer-portal/publications/307120.pdf?modified=20180526213404