Activist Claim: Environmental Defence claims oil and gas industry is bluffing on emissions reduction.
The Facts: Canada is world leader in carbon tech – and the oil and gas industry is the largest investor in cleantech in Canada. The resulting innovation will only further reduce sector emissions.
Here are some facts and sources to have a reasonable conversation about carbon tech:
- The Canadian oil and gas industry is the heaviest funder of cleantech and environmental spending.
https://www.cosia.ca/uploads/files/news/CRIN%20Overview%20Document%20July%2020%202017.pdf / https://www150.statcan.gc.ca/n1/daily-quotidien/181214/dq181214d-eng.htm
- A recent report from a global consulting firm, Wood Mackenzie, shows Canada is leading in carbon reduction 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. Along with other measures, this helps reduce our emissions output even more.
- Canada is a world leader in carbon tech, investing heavily to reduce the impacts of oil and gas production and its maintain valuable benefits. According to the U.N.’s International Panel on Climate Change, carbon tech solutions will capture almost as many emissions as renewables will reduce by the end of the century.
- According to the IEA, over the last decade, gas switching has saved around 500 million tonnes of CO2– an effect equivalent to putting an extra 200 million EVs running on zero-carbon electricity on the road over the same period.
- By replacing conventional coal with Canadian natural gas, approximately 40–45% and 26%–32% emissions reductions can be obtainable for Chinese textile and chemical industries, respectively. The highest emissions reduction of approximately 60% was observed when coal is replaced with natural gas for district heating