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:
Rockefeller funded anti-oil activist group, 350.org call to action to get activists to write letter against TMX mischaracterizes reports from Parliamentary Budget Officer and Canadian Energy Regulator.
Tell Trudeau to choose: pipelines or the planet?
The Facts:
Pipelines are the safest and most efficient way to transport oil and gas. The TMX pipeline has a strong majority of First Nations who support it and it will reduce global emissions.
- Neither the report by the Parliamentary Budget Office or the Canadian Energy Regulator say anything about Trans Mountain not being compatible with Canada’s climate policies. They are reports on financials and oil production based on hypothetical scenarios. 350.org cherry picks the hypothetical scenario where developing countries energy needs shrink to illogically conclude the pipeline is not economical.
https://pbo-dpb.s3.ca-central-1.amazonaws.com/artefacts/92190f47fd14ad10e711d7e90963c3fbe28d48cfb2dc0195d8387d29694d37e0 / https://www.cer-rec.gc.ca/en/data-analysis/canada-energy-future/2020/canada-energy-futures-2020.pdf - 350.org also uses minority opposition in some First Nations to say there is no local support. The facts are that a strong majority of First Nations support the project and have signed local benefits agreements. TMX is an important opportunity to address on-reserve poverty.
https://www.cbc.ca/news/politics/federal-court-appeal-trans-mountain-1.5450748 - Trans Mountain does not have to be a choice between climate action and the economy. This study by Navius Research shows that the project can help lower global emissions by 1,600,000 tonnes.
https://www.ceaa-acee.gc.ca/050/documents/p80061/115457E.pdf
- Energy demand is growing rapidly. Trans Mountain will help support the growing global oil demand and a growing global population, which will primarily be in developing non-OECD countries.
https://www.opec.org/opec_web/en/press_room/6147.htm - With Canada as the best in the world supplier of energy, we can help these countries increase their quality of life and boost their economies while supplying reliable energy with the lowest environmental impacts.
https://research-ca.bmocapitalmarkets.com/documents/140A6529-CE63-4B90-A627-06768A001783.PDF
- Energy demand is growing rapidly. Trans Mountain will help support the growing global oil demand and a growing global population, which will primarily be in developing non-OECD countries.
