Not investing in Canadian oil and gas means investing somewhere with less strenuous regulation.

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This is a news compilation setting the record straight on the day’s top anti-oil and gas stories and providing research and facts to counter misinformation about the oil and gas industry.


News Headline:

Deutsche Bank says it won’t back any new oilsands or coal projects

Major German bank virtue signals with ‘no more investment in oil sands’ proclamation.

The Facts:

Canada has the highest ESG rating of major oil-producing countries. Not investing in Canadian oil and gas means investing somewhere with less strenuous regulation.

                                                             


Here are some stories that get it right, or mostly right.


Energy megaprojects employing thousands in B.C.

At a time when unemployment is rising, Energy projects have been a saving grace. LNG Canada is expecting to employ 4,500 workers at peak construction with a current workforce of around 1,600. Coastal GasLink currently employs 600 workers and is expecting 2,500 at its peak. LNG Canada’s impact is expected to be around 0.3-0.5% of B.C.’s GDP.

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