This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
The Canadian Energy Centre was founded to call out misinformation, the exact type they wrote about in their story.
Saturday, the National Post republished a story from the Canadian Press suggesting that the newly minted Canadian Energy Centre was attempting to intimidate an anti-hydrocarbon activist. The story was brought on due to story the Energy Centre wrote in-regards to a presentation for the 3% Project. A key issue the Energy Centre touched on was the presentation’s use of reports showing tens of billions in subsidies to the oil and gas industry. This kind of classroom activism is becoming more prevalent as anti-hydrocarbon campaigners are now targeting children to push their messaging.
However, a more balanced presentation would have also included information like this:
- The Montreal Economic Institute has previously debunked the ‘activist’ definition of subsidies as misleading.
- Governments receive billions in taxes and royalties from the oil and gas industry. For example, British Columbia alone is estimated to bring in nearly $2 billion from a combination of taxes and royalties for 2019.
- Many of the subsidies reported in these types of reports are actually hundreds of millions of clean tech subsidies being used to reduce emissions and increase energy efficiency.
The oil and gas industry is not only one of the largest industries in Canada, but it is also one of the largest contributors to taxes, the economy and green technology. If ‘activists’ are going to continue entering classrooms and presenting biased and misleading information about the oil and gas industry, they should be called out more often.
Feds Carbon Tax will be same as previous tax under NDP. Here’s what that could mean for emissions and the economy:
- For every unit of Canadian production like primary metals that is shifted from a carbon tax, net global emissions could increase around three-fold with a potential carbon leakage rate around 300%.
- 94,000 jobs and $21.1 billion are at risk, mainly in Alberta and the Maritimes at only $30 a tonne.