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.
Carbon Tracker report on Canadian pipelines ignores reality of the Canadian oil and gas industry and global demand.
The world will need more responsible energy in the future and Canada is among the most responsible producers in the world.
- Carbon Tracker is based out of London, UK, and is funded by anti-oil and gas groups like the Rockefeller Brothers Fund and the Oak Foundation to the tune of over $6 million CDN in 2018/19.
- Stated policies show oil demand is set to grow to 106 million barrels per day by 2040. Even under a sustainable development scenario, demand will be 66 million barrels per day.
- As the world population grows from 7 to 10 billion by 2050 and developing nations continue to advance their economies, we will require more energy. Producing more energy with a lower environmental footprint requires countries like Canada.
- According to a new investment report from the Bank of Montreal, Canada ranks #1 of major oil producers in Environmental, Social and Governance standards. Canada is well suited to provide cleaner, more sustainable energy to the world.
As a testament to the environmental record of the oil and gas industry, the GHG intensity of oil sands production has decreased by 20% since 2009.
IHS Markit | The GHG intensity of Canadian oil sands production: A new analysis
- The Canadian oil and gas industry is also reducing emissions through the investment and use of new technology. The new Alberta Carbon Trunk Line is estimated to capture and sequester 20% of emissions from the oil sands.
We Asked, You Answered!
Thank you to everyone who took the time to take our quick survey on pipelines. As you can see from the results, the majority of those who answered think that if our current proposed pipelines are not built, that we should try a new route. While each direction had at least one answer, the majority of those who answered favored trying another Eastern approach. Interestingly, a Northern route, which Canada has never tried before, received the second most level of support.