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.
STAND.earth uses the recycled myth that oil sands are the dirtiest fuels to push for more divestment.
New York joins tar sands investor exodus with divestment of its state pension fund.
It’s better to invest in responsible energy than divest from it.
- This post from STAND.earth quotes the leader of the divestment movement, Bill McKibben, who says that the oil sands are the dirtiest oil in the world as a reason to divest. That’s simply not true. Conventional studies such as this report from IHS Markit “Comparing GHG Intensity of the Oil Sands and the Average US Crude Oil, May 2014” concluded that 45% of US oil supply falls within the same GHG intensity range as oil sands.
- There are still twice the amount of workers in the oil and gas industry than there are in the “clean energy”. According to the Government of Canada, 599,000 people are directly and indirectly employed in the sector.
- 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.
- 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 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.
Here is a story that gets it right.
Over the last few decades, many in the natural resource sector have become accustomed to lavish displays of protest over various issues from pipelines to logging. In the past, many protests, especially when First Nations were involved, revolved around Indigenous rights to determine how resources are used on their land. Now, however, as many communities are gaining greater control of their resources, the lingering environmentalist presence has become somewhat of a nuisance. Some call it eco-colonialism, but whatever the term might be, First Nations are standing up against the intrusion of ENGO groups who claim to represent them but only represent their own interests.