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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.
The article leaves out a massive economic contribution to Canada’s economy and reducing environmental impacts.
The oil sands sector still drives Canada’s economy, pays billions to governments, and is reducing their environmental impacts.
- Over the next 10 years, the oil sands industry alone is expected to pay $11 billion in taxes and royalties to the Alberta Government.
- The Canadian Energy Research Institute expects the oil and gas industry to provide $1.01 trillion to the Canadian economy over the next 11 years.
- Oil sands producers are reducing their water use and tailings.
- The world will need more reliable energy as the population grows, especially in developing countries. Canada’s environmental, social and governance standards make us well suited to provide energy and keep environmental impacts low.
Here are some stories that get it right, or mostly right.
Last week, Natural Resources minister Seamus O’Regan promised $320 million to the beleaguered offshore industry in Newfoundland and Labrador. After months of waiting to hear what the government would do to help the industry, some light finally came in the form of the funding announcement.