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.
How Alberta capitulated to Big Oil and left Albertans poorer
Toronto Star article ‘blasting’ oil industry in Alberta is devoid of reality.
Thanks to the oil and gas industry in Alberta, the province has high household income and well-funded services.
- Due to the prominence of the oil and gas industry Albertans have the highest median household income in the country(excluding the territories) at $93,835.https://www12.statcan.gc.ca/census-recensement/2016/dp-pd/hlt-fst/inc-rev/Table.cfm?Lang=Eng&T=101&S=99&O=A
- Since 2015, the oil and gas industry has provided Alberta with $24.6 billion in royalties and other revenue related to resource extraction that provides essential services to Albertans.https://www.alberta.ca/historical-royalty-revenue-data.aspx
- The industry is a major investment in clean technology, investing $1.45 billion in 2016 alone.https://cleanresourceinnovation.com/preview-pdf/resource/CRIN%20Oil%20and%20Gas%20Innovation%20Ecosystem%20Presentation%202017.pdf
- Due to this investment, Alberta’s oil sands projects are significantly decreasing their emissions per barrel. According to a report from the Bank of Montreal, oil sands projects are now reaching the per barrel world average for emissions.
Here are some stories that get it right, or mostly right.
The Government of Alberta has just appointed Alicia Dubois, vice-president of Indigenous markets at CIBC as the chief executive of the Alberta Indigenous Opportunities Corp. Dubois, identifies as Indigenous, is also a co-chair on the Canadian Council for Aboriginal Business. The Alberta Indigenous Opportunities Corp. will provide communities and business groups loan-guarantees to purchase equity in natural resources projects across Canada.