This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
Non-Canadian Stockholm Environment Institute pushes same activist lines, not understanding demand and ignoring ‘Zero Emissions’ technology fueled by the industry
- Oil and gas demand is actually increasing, especially as the world re-opens. Some analysts are predicting demand to push oil over $70 a barrel.
- Much to the chagrin of “leave it in the ground” organizations,one of the industry’s solution to ‘zero’ emissions, carbon capture is now becoming cheaper. This will allow Canada to meet demand and be environmentally sustainable.
Here are some stories that get it right, or mostly right.
With news of Alberta’s new carbon capture and sequestration project becoming fully operational the other week, the same technology is in the news again. This Financial Post article details how this revolutionary technology to reduce emissions is getting cheaper. This is good news for Canada’s oil and gas industry, as the Alberta project is slated to reduce 20% of its oil sands emissions.