Setting the record straight on the day’s top anti-oil and gas media stories
ACTIVIST CLAIM: Wall Street Journal claims that oil sand production companies do not care about carbon footprint, and will continue with unrestrained projects.
THE FACTS: Demand is increasing, and existing and experimental carbon tech will help the oil sands to reach net-zero while providing consistent energy and economic stability for Canadians.
Here’s some facts and sources to have a reasoned conversation about carbon tech and net-zero:
- Through technological advances in extraction and processing, the per-barrel emissions from the oil sands have decreased 32% since 1990.
- Since 1967, only 0.03 percent of Canada’s entire boreal forest has been disturbed by oil sands mining.
- 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.
- Just like renewables, carbon tech is an emerging market that will help reduce emissions across the entire energy system. This is expected to become a trillion-dollar global market that activists will ignore as an opportunity for Canada.
- The International Energy Agency even acknowledges that if oil and gas are produced with circular economy technology it can be net-zero or even carbon negative.
Stories that get it right:
Oil Sands Action on Twitter: “🧵1/ This @WSJ piece by @vipalmonga on the #oilsands is missing a lot of important facts. Join us for an informed conversation about #CanadianEnergy https://t.co/WjYswHQq91” / Twitter