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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.
Shell Promotes ‘Ambitious’ Climate Agenda While Backing Canadian Oil Lobby
Piece on Canada’s oil and gas industry halting climate action gets it wrong about the industry that invests in reducing emissions
The Canadian oil and gas industry invests heavily to enhance climate action.
- The Canadian oil and gas industry spends the most on business environmental expenditures of any sector. In 2016 they spent $3.7 billion or 44% of total spending.
- Canada is the #1 ranked top 10 oil and gas producer in ESG categories.
- Navius Research has shown that by producing resources domestically, Canada can help reduce emissions abroad.
- The world’s population is increasing to 10 billion in the next 30 years. Canada is the best in the world at resource development and will be the world’s sustainable energy supplier.
Here are some stories that get it right, or mostly right.
Kerry Jothen of Human Capital Strategies writes that Canada’s Indigenous communities are starting to reap the benefits of participating in the oil and gas industry. They have more than doubled their access to market capital. Indigenous businesses are 40 times more likely to be involved in natural resource production. In tangent with a plethora of projects Indigenous groups are participating in, it’s estimated that these businesses will contribute $100 billion to Canada’s GDP by 2023.