Setting the record straight on the day’s top anti-oil and gas media stories
ACTIVIST CLAIM: Canada’s pension funds are fueling climate because they invest in Canadian oil and gas.
THE FACTS: Canadian pension funds are investing in best in the world Canadian energy that supports good returns and a better environment.
Here are some talking points and sources to have a reasonable conversation about investing in Canadian energy.
- The best thing Canada can do to reduce emissions is export more best in the world oil and gas to places who still use coal, dung and wood for energy. If anti-oil and gas activists cared more about the environment than their ideological bend against hydrocarbons, they should recognize the global benefits of investing in an industry that invests and spends the most in cleantech and new skills to produce energy with fewer emissions.
- Emerging circular economy technologies hold the promise of true sustainability for oil and gas. Real zero production and consumption technologies are already beginning to take shape. Whitecap Resources currently captures and sequesters more emissions than it produces.
- Investing in Canadian oil and gas projects ensures that the global energy supply will not shift to countries that are more polluting, less transparent, less sensitive to societal pressures, and less committed to emissions reductions. Divesting from best in the world Canadian oil and gas is bad for the planet.
- Investment analysts are predicting a boom in returns for Canadian energy investments because of Canada’s high ESG ranking and sustainability. Pension funds investing in these equities can help increase revenue for their customers.
Stories that get it right.
Alberta looks like it is on the cusp of another oil boom with WTI prices hanging around the $70+ range. In turn this hosts a series of benefits for the province including higher royalty payments. According to economist Trevor Tombe, each day that prices remain at this level, $10 to $15 million get added to government coiffers. This is expected to create around $5 to $6 billion in royalties by the end of the year.
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