Here are today’s top stories about the oil and gas industry, and how Canadian hydrocarbons make Canada and the world better!
Is the federal carbon tax killing jobs? Experts say answer isn’t ‘black and white’
The carbon tax will shift production out of Canada, killing jobs here while increasing emissions in other countries.
- Reversing carbon leakage by attracting high-emission offshore production in areas where Canada is a lower-emissions producer will generate a double dividend of new economic benefits and lower global emissions.
- This shift will reduce the social benefits Canada receives from the oil and gas industry, like more funding for Indigenous led-energy projects that will help with reconciliation efforts.
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McKenna backs off pledge to freeze carbon tax at $50 a tonne
Instead of shifting emissions elsewhere, why don’t we use technology to reduce them?
- The increase in carbon taxes will harm the economy and increase emissions in other countries further.
ca/temp/a0624799-2dcd-401f- a228-e823dc3b8fac/9021_Cost- Cleaner-Future__RPT.pdf
- Technological advances like co-generation of electricity from the steam used for oil recovery are estimated to decrease emissions by 170 megatonnes!
default/files/CESAR-Scenarios- SAGD-Cogeneration-Reducing- Carbon-Footprint-Oil%20Sands- Grid.pdf