Setting the record straight on the day’s top anti-oil and gas media stories
ACTIVIST CLAIM: Globe and Mail article suggests carbon tech is a ‘sneaky loophole’ for unabated oil and gas development.
THE FACTS: Carbon tech provides real solutions for the responsible development of Canada’s oil and gas resources.
Canada has committed to halt financing to the oil and gas industry. To understand what that really means, watch for the fine print – The Globe and Mail
Here’s some facts and sources to have a reasoned conversation about carbon tech:
- Technology in oil and gas like carbon capture is advancing rapidly and will continue to improve and be deployed in more places at lower costs to make more oil and gas production net-zero. In addition, 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 like Questerre Energy’s circular economy project.https://www.questerre.com/investor-news/questerre-expands-clean-tech-pilot-engineering-to-include-hydrogen/https://www.iea.org/reports/ccus-in-clean-energy-transitions/a-new-era-for-ccus#growing-ccus-momentum
- A report from global consulting firm Wood Mackenzie shows Canada is leading in carbon tech. If all proposed projects came online, they could reduce up to 115 million tonnes of CO2, or 60% of Canada’s 2030 goal of 200 million tonnes reduced.https://www.mining.com/canada-a-global-leader-in-carbon-capture-report/
- Investing in Canadian oil and gas projects ensures that the global energy supply will not shift to countries that are less transparent, less sensitive to societal pressures, and less committed to emission reductions.https://www.investnow.org/divestment-vs-investment/
- Hydrocarbons have been responsible for improvements in life expectancy, health, reduction in infant mortality, education, equality over the past 200 years. Our objective should be to keep these benefits while we reduce the impacts.https://www.humanprogress.org/celebrate-the-industrial-revolution-and-the-fossil-fuels-which-drove-it/ https://www.energy.gov/sites/prod/files/2020/10/f79/Natural%20Gas%20Benefits%20Report.pdf