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.
Anti-oil and gas article from the foreign-funded Tyee bashes Albertan Premier for betting on growing oil and gas demand.
Canadian pipelines can be the lifeline for meeting global energy demand and reducing global emissions.
- The Tyee was funded by Tides USA as part of their campaign to target Canada’s oil sands back in 2010.
- The author confuses short term price volatility as an indicator for long term demand. Large multinationals who underwrite the cost of pipelines use the long term economic indicators not short term volatility to make their multi-billion dollar investment decisions.
- It looks like the author of the article missed this scathing Bloomberg report that noted Saudi Arabia was misleading investors on the carbon intensity of their production by up to 50% when he implied ESG investors won’t be looking at Canada to help meet rising energy demand.
- Studies show Canada can provide best in the world oil and gas to non-OECD developing countries, and fight the global problem of emissions by producing resources domestically. We’ll need infrastructure like pipelines to help us do this.
- Most reports, including the International Energy Agency and OPEC, show that demand is in fact increasing globally, especially in non-OECD countries. This means that Canada, with our best in the world energy production, can supply these countries.
Here is a story that gets it right
The Canadian oil and gas industry is at the forefront of the fight to reduce emissions. Two companies, Enhance Energy and Whitecap Resources, are capturing more emissions than they are producing from their oil production.