This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
News Headline:
Here’s why the most efficient oilsands companies will pay more under Alberta’s new carbon tax
The Facts:
Worrying about small differences in Canadian industry performance should take a backseat to the large differences in how Canada does compared to places like China that pay no carbon tax
- Carbon pricing and a shift in our electricity generation mix will have a small negative impact on the economy, but there are larger impacts on the energy industry.
https://www.conferenceboard.ca/e-library/abstract.aspx?did=9021 - A small decrease in domestic greenhouse gas emissions could see global emissions increase from carbon leakage.
https://www.naviusresearch.com/publications/reversing-carbon-leakage/
News Headline:
‘A strong odour of status quo’: Understanding fossil fuel divestment at UBC
(UBC won’t dump oil and gas investments.)
The Facts:
Divestment can hurt students’ education.
- The costs to investors of fossil fuel divestiture are highly likely to be substantial.
http://divestmentfacts.com/pdf/Fischel_Report.pdf - The costs of divestment are equivalent to annual tuition increases (or equivalent reductions in tuition scholarships) of approximately $123 to $385 at a representative public university.
http://divestmentfacts.com/wp-content/uploads/2017/04/Bessembinder-Report_Costs-for-Students-Faculty-and-Stakeholders_4_29.pdf
