The Canadian oil and gas industry is well suited to provide reliable energy for a sustainable future.

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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:

Coronavirus and the economy: We need green stimulus not fossil fuel bailouts

The Facts:

The Canadian oil and gas industry is well suited to provide reliable energy for a sustainable future.


 

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


2020 Vision for 2022: Trans-Mountain critical to Canada’s recovery

Nelson Bennett writes that TMX will be an important driver of Canada’s economic recovery. With oil and gas being a large driver of the economy, having a downturn in the industry also affects Canada’s overall economic prowess. The project is expected to provide 5,500 jobs at its peak. Richard Masson, chairman of the World Petroleum Council-Canada expects producers to begin expansion projects in anticipation of more capacity in Canadian pipeline systems. With demand expected to return to pre-pandemic levels around barrels per day in mid-2022, the price of WTI is expected to increase to $50 per barrel. If there is enough pipeline capacity, this could incentivize producers to begin investing more with a lower differential between WCS and WTI.

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