This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
News Headline:
David Staples: U.S. foundations and Canadian greens aim to shut down LNG exports, Krause says
The Facts:
Canadian LNG is the cleanest in the world.
- Projects like Quebec’s Énergie Saguenay will be powered through non-emitting sources like hydroelectricity.
https://energiesaguenay.com/en/project/project-summary/ - If Canada exports LNG to countries with higher emissions, we can take a lead in reducing global greenhouse gases and fight climate change.
https://www.theglobeandmail.com/report-on-business/rob-commentary/bc-lng-could-reduce-emissions-overseas-if-its-done-correctly/article31515914/
News Headline:
Canada’s fossil fuel subsidies amount to $1,650 per Canadian. It’s got to stop.
The Facts:
Canada doesn’t subsidize oil and gas, it taxes it for billions of dollars.
- Hydrocarbon production and use is taxed billions more than the corporate welfare provided by Canadian governments.
https://www.capp.ca/publications-and-statistics/publications/310967 - The International Monetary Fund unjustifiably added an additional $51 billion for things such as road congestion and local air pollution(which are not subsidies at all) in their report cited by activists.
https://www.imf.org/en/Publications/WP/Issues/2019/05/02/Global-Fossil-Fuel-Subsidies-Remain-Large-An-Update-Based-on-Country-Level-Estimates-46509
News Headline:
The Facts:
Foreign-funded National Observer thinks investigating foreign funding is bad.
- The National Observer itself has been funded by foreign organizations like Tides.
https://business.financialpost.com/opinion/vivian-krause-the-cash-pipeline-opposing-canadian-oil-pipelines - This isn’t the first time the National Observer has tried to mislead its readers on the nature of foreign-funded organizations in Canada.
https://fairquestions.typepad.com/rethink_campaigns/who-is-funding-the-propoganda-against-canada.html
