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: Scheer Conservatives have it right on fighting climate change, but not on building TMX
The Facts:
Conservatives take climate change fight global but need to have Indigenous involvement.
- The Conservative Party of Canada’s climate change plan wants to tackle global emissions through technology and exporting our environmental advantages.
https://arealplan.ca/taking-the-climate-change-fight-global/ - Providing the opportunity for Indigenous ownership of Trans Mountain will help communities fight on-reserve poverty and help reconciliation efforts.
https://www.reconciliationpipeline.ca/
News Headline:
Brad Wall: Trudeau owes Canadians an answer — would he sacrifice Trans Mountain for power?
The Facts:
Liberals may sacrifice energy sector.
- If the Liberals win a minority government, they may cancel the Trans Mountain project to form a coalition with one of the other parties.
https://www.cbc.ca/news/canada/calgary/west-of-centre-federal-liberal-minority-alberta-1.5298553 - Canceling Trans Mountain will end up resulting in increased global emissions due to carbon leakage.
https://www.ceaa-acee.gc.ca/050/documents/p80061/115457E.pdf
News Headline:
Trudeau a hypocrite on climate change for using two campaign planes, Scheer says
The Facts:
Even the Liberals aren’t motivated by their own carbon tax to reduce emissions. They are even willing to pay more for carbon offsets that experts say are ineffective
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- The Conference Board of Canada report Cost of a Cleaner Future found the carbon tax to be inefficient over $200 per tonne and would cost the economy billions.
https://www.conferenceboard.ca/temp/92f37f2a-83ca-45b2-b182-29c4208b37de/9021_Cost-Cleaner-Future__RPT.pdf - Prominent Liberal carbon tax supporter, Ecofiscal Commission capitulated and agreed carbon taxes aren’t sufficient and ‘supplementary measures’ would be needed prompting the resignation of Jack Mintz from their group — He called the revised approach a tax grab.
https://business.financialpost.com/opinion/carbon-taxers-keep-saying-its-a-conservative-idea-everything-else-says-otherwise - The Trottier report found carbon taxes needed to be prohibitively high, recommended using regulations — which carbon taxes were supposed to eliminate.
https://www.cae-acg.ca/wp-content/uploads/2016/04/WEB-Trottier-Energy-Futures-Project-March31.pdf - The Conservative Party of Canada is taking a progressive approach by focusing on the implementation of proven technology to reduce GHGs.
https://arealplan.ca/green-technology-not-taxes/
- The Conference Board of Canada report Cost of a Cleaner Future found the carbon tax to be inefficient over $200 per tonne and would cost the economy billions.
News Headline:
Oil Sands CEO Slams Government For Lack Of Leadership In Climate Debate
The Facts:
Canada’s oil and gas sector provides energy and fights climate change.
- Companies like MEG Energy have significantly reduced their emissions through technology and research.
https://www.megenergy.com/corporate-responsibility/environment/air - Due to these innovations in the Canadian oil and gas sector, when we export our resources to countries with higher emissions, we can lower global emissions and take on climate change.
https://www.naviusresearch.com/publications/reversing-carbon-leakage/
