This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
News Headline:
Mark Carney’s climate plans may push oil and gas production from Canada to state-owned firms abroad
The Facts:
Shifting oil and gas production from Canada won’t reduce investment and could increase emissions.
- With rising demand globally, reducing investment in the private sector could see state-owned companies increasing production and many of these countries have appalling human rights records.https://www.capp.ca/energy/world-energy-needs/
- When this happens, carbon leakage can occur. This shift’s production to other jurisdictions that do not have a comparative advantage in carbon and can lead to an increase in global emissions.
https://www.naviusresearch.com/publications/reversing-carbon-leakage/
News Headline:
Calgarians rally on Reconciliation Bridge in solidarity with Wet’suwet’en land supporters
The Facts:
Despite massive Indigenous support for Coastal GasLink, protestors delegitimize economic reconciliation.
- All 20 elected Indigenous communities along Coastal GasLink’s path have signed benefits agreements, including the Wet’suwet’en.https://bc.ctvnews.ca/a-look-at-the-coastal-gaslink-pipeline-and-its-history-1.4806805?cache=yesclipId104062%3FclipId%3D89925
- The Coastal GasLink team has had over 15,000 interactions and engagements with Indigenous communities along the proposed pipeline route, and over one-third of all the work completed on the project has been conducted by Indigenous people.
https://www.coastalgaslink.com/sustainability/indigenous-relations/
Here are some stories that get it right, or mostly right
News Headline:
‘Borderline insulting’: Indigenous group could launch unprecedented challenge if Ottawa rejects Frontier
The Facts:
The Federal Government’s flip-flopping on Teck is starting to wear Indigenous patience.
- Instead of approving the project with the consent and consultation of Indigenous communities, the government is now debating to reject the project without the consent of the impacted communities.https://globalnews.ca/news/4418485/trans-mountain-pipeline-quashed-federal-court/
- This project is expected to bring thousands of jobs over its construction and lifetime to these remote communities.https://edmontonjournal.com/opinion/columnists/opinion-teck-mine-would-share-benefits-with-indigenous-communities
News Headline:
Trans Mountain pipeline Indigenous ownership talks launched by federal government
The Facts:
Indigenous groups want it for economic opportunity and poverty reduction.
- There are at least 3 Indigenous groups looking to purchase stakes in the Trans Mountain pipeline.https://www.theglobeandmail.com/business/article-indigenous-group-leader-says-it-is-planning-to-buy-majority-stake-in/
- 120 out of 129 Indigenous communities either support or are not against the pipeline and Trans Mountain has signed agreements with 58 of them so far.
https://www.bnnbloomberg.ca/brookfield-seen-as-dark-horse-buyer-for-trudeau-s-pipeline-1.1387936
