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.
The University of Waterloo falls for misguided divestment movement campaign.
Here are some points to counter the misguided idea of divestment.
- Divesting from oil and gas producers will not change the need for growing energy demand will be increasing as the world population grows to 10 billion in 2050, especially for oil and gas in developing countries. What it will do is shift the suppliers of energy to countries that are more polluting, less transparent, less sensitive to societal pressures, and less committed to emissions reductions.
- Canada is the fourth largest producer of energy in the world, and we do it more environmentally responsibly, more socially conscious, and more transparent than the rest.
- The Divestment Movement does not recognize the economic, social, and environmental benefits of oil and gas products for which there are currently no better substitutes. These products are saving lives during the pandemic.
- 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 campaigners cared more about the environment than their ideological bend against hydrocarbons, they should recognize the global benefits of the oil and gas industry investing and spending in cleantech and new skills to produce energy with fewer emissions.
- The oil and gas industry invests the most of any other industry in the expansion of clean technology to produce reliable energy while lowering environmental impacts. Investing in Canadian oil and gas means investing in responsible energy.
Here is a story that gets it right.
While every Canadian has to right to protest for causes they believe in, they do not have the right to harass or intimidate bystanders to achieve their goals. A B.C. court just re-affirmed this in a conviction of anti-TMX protestors who verbally assaulted security guards with homophobic slurs. They also belittled an Indigenous security guard calling her a “pathetic, poor, piss-poor Indian woman that needs money”. This kind of behavior flies against basic human decency.