Oil and Gas Sector-Politics and Image

LNG exports offer a wealth-creating way to reduce global emissions – by Gwyn Morgan (Financial Post – April 25, 2024)

April 25, 2024

Stepping up liquefied natural gas exports would help Asia lower emissions by getting off coal and boost Canada’s economy at the same time

Pierre Poilievre‘s Axe the (carbon) Tax campaign is a spectacular success. But the Conservative party needs its own plan to reduce fossil fuel emissions. Paradoxically, it’s a fossil fuel that provides the answer. Canada’s rich endowment of natural gas offers us the chance to both reduce global emissions and also rescue a Canadian economy ravaged by the Liberal government.

How? By exporting liquefied natural gas (LNG) to China, Japan, South Korea and the other coal-dependent Asia Pacific countries. Switching from coal to natural gas reduces CO2 emissions by 50 per cent while also eliminating the toxic compounds and lung-clogging particulates that shorten the lives of millions living in smog-stricken Asian cities.

Opinion: Canada has all the elements to be a winner in global energy — Now let’s do it – by Mike Rose (Calgary Herald – April 15, 2024)

April 17, 2024

https://calgaryherald.com/

There has never been a more urgent time to aggressively develop Canada’s massive resource wealth. An increasingly competitive world is organizing into new alliances that are threatening our traditional Western democracies.

Weaker or underperforming countries may be left behind economically and, in some cases, their sovereignty may be compromised. We cannot let either scenario happen to Canada. Looking inward, our country has posted among the weakest economic growth of all G20 nations over the past decade — we are at real risk of delivering a materially diminished standard of living to our children and subsequent future generations.

Indigenous loan guarantee program could transform resource sector in Canada – by Wendy Stueck and Niall McGee (Globe and Mail – April 17, 2024)

April 17, 2024

https://www.theglobeandmail.com/

The federal government has launched its long-awaited Indigenous loan guarantee program, a move advocates say will help Canadian critical minerals infrastructure get built more quickly, and facilitate increased direct First Nations ownership in resource projects.

Ottawa’s budget released Tuesday outlines a program that would provide up to $5-billion in loan guarantees and be “sector agnostic” – meaning that oil and gas projects could be eligible. In the months leading up to the budget, advocacy groups including the First Nations Major Projects Coalition had worried a federal loan program might rule out oil and gas projects because they don’t line up with Ottawa’s plans to reduce greenhouse gas emissions.

Alberta could have a wealth fund like Norway’s if Ottawa stopped picking its pockets – by Bill Bewick (National Post – April 2, 2024)

April 2, 2024

https://nationalpost.com/

Unlike Alberta, Norway is not forced to subsidize lower-productivity European nations

Gerald Butts recently repeated a common but misguided refrain when he posted a photo of the growth in Norway’s pension fund with the comment that, “Every time I’m in Norway I think this could have been Alberta.” Albertans who are used to such outbursts call this “Norwailing.”

You’d think someone who spent so many years as a senior adviser to the prime minister would understand the three large differences between these two oil-rich jurisdictions.

Oil Fields of Arkansas Are the Newest Locations for a Lithium Battery Rush – by Boyce Upholt (Mother Jones – March 11, 2024)

March 11, 2024

https://www.motherjones.com/

“Production at existing sites could negate the benefits of the clean technologies they power.”

The town of Smackover, Arkansas, was founded a hundred years ago when a sawmill operator got lucky: his wildcat oil well yielded a gusher. For a time in the 1920s, the oil field beneath the clay hills and swampy creeks in this stretch of southern Arkansas was the world’s most productive site. Now, boosters say the region will help usher the world into an oil-free future, thanks to the discovery of underground brines that are rich in lithium.

Lithium is one of the most important metals in the transition to renewable power. Lithium-ion batteries are, thanks to their lightweight and high energy density, currently the top choice for storing energy in electric vehicles, and a potential tool for grid storage, too. Global production of the metal tripled throughout the 2010s, and demand is projected to increase as much as 40-fold by mid-century.

Gulf oil giants Saudi Aramco, Adnoc set sights on lithium (Mining.com – March 11, 2024)

March 11, 2024

https://www.mining.com/

Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters.

Other oil companies, including Exxon Mobil and Occidental Petroleum, plan to take advantage of emerging technologies to filter lithium from brine, as the world seeks to move away from fossil fuels.

Canada grasping at straws with sweeping ban on plastics – by David Olive (Toronto Star – February 14, 2024)

February 15, 2024

https://www.thestar.com/

The ban creates more rather than less waste. It gives Canadian consumers the false impression that they are helping save the oceans. And it imposes additional financial costs on Canadians, David Olive writes.

The federal government’s sweeping ban on plastics is shaping up as misguided, if not a fiasco. Ottawa’s Zero Plastic Waste 2023 initiative bans a wide range of plastic items including single-use plastic cutlery and disposable checkout bags and went into effect in 2021.

A federal court decision in November overturning the ban as unconstitutional drew attention to problems with this policy. Ottawa says it will appeal that ruling. “The body of scientific evidence showing the impacts on human health, on the environment, of plastic pollution is undebatable,” Steven Guilbeault, the federal environment minister, said in response to the court decision.

The Oil War – by Diane Francis (Substack – January 29, 2024)

January 29, 2024

https://dianefrancis.substack.com/

“Shadow fleets” of tankers smuggle oil out of Russia and Iran and provide the cash flow to finance their wars and terrorist attacks. These ships are also environmental time bombs. Several have sunk with their toxic cargos because they were in disrepair, operated by scoundrels, or unable to call for help because they were hiding from authorities.

Despite dangers, illicit oil shipments and sanctions-busting activities have exploded. In 2023, China and India imported $600-billion in fossil fuels from Russia, essentially bankrolling Putin’s war in Ukraine and billions from Iran despite draconian sanctions. Estimates are that one in five ships on the high seas are now involved in illicit oil or weapons trade.

Ruthless, reckless, damaging: the Hon. Steven Guilbeault is MLI’s Policy-maker of the year – by Heather Exner-Pirot (MacDonald Laurier Institute – December 21, 2023)

December 21, 2023December 21, 2023

Home

Guilbeault has treated the fact that Canada is a democracy, a market economy, and a federation as inconveniences to be overcome.

The Liberals have been chided for focusing on communications over substance, for announcing policies rather than implementing them. But there is an exception to this rule: the ruthlessly efficient Environment Minister Steven Guilbeault. No one else in Canada has been as influential, and, in my view, no one else has done so much damage.

From an emissions cap to toxic plastic straws, and from Clean Electricity Regulations to the Clean Fuel Standard, Guilbeault has been advancing economy-killing and constitution-defying laws at a frenzied pace. He was appointed Minister of Environment and Climate Change Canada in October 2021.

Rising risk of regime change blunts reaction to oil and gas emissions cap – by Theo Argitis (Financial Post – December 19, 2023)

December 19, 2023

https://financialpost.com/

After October 2025 at the latest, the Conservatives could be in the position to reverse many of the Liberals’ policies

It’s fair to say that corporate Canada has been less than enthusiastic about Prime Minister Justin Trudeau’s proposed plan to cap greenhouse gas emissions in the nation’s oil and gas sector. Responses to the announcement, which was made Dec. 7, ranged from outright rejection (Canadian Chamber of Commerce) to skeptical (Pathways Alliance) to, at best, silence.

This may or may not have been a surprise to Trudeau and his two top lieutenants driving the policy, Natural Resources Minister Jonathan Wilkinson and Environment Minister Steven Guilbeault.

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry – by Adam Morton (The Guardian – December 7, 2023)

December 8, 2023

https://www.theguardian.com/

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

The Australian mining billionaire Andrew Forrest has used the backdrop of the Cop28 climate summit to pay for ads in more than 10 major newspapers around the world attacking the oil and gas industry and calling for fossil fuels to be phased out.

Forrest, who this year ranked as Australia’s second richest person, with a net worth of A$33.3bn (£17.4bn), placed an ad in the Friday edition of papers including the New York Times, Wall Street Journal, Washington Post, Financial Times, Times of India, Australian Financial Review and the Australian.

Trudeau’s eco ego stifling investment in Canada – by Lorne Gunter (Toronto Sun – December 5, 2023)

December 8, 2023

https://torontosun.com/

Why does it seem that every time Prime Minister Justin Trudeau or federal Environment Minister Steven Guilbeault have a big environmental announcement to make — that affects the livelihoods of hundreds of thousands of Alberta workers and small businesspeople — they make those announcements outside the country?

The latest example was Guilbeault’s release of stringent new methane emission regulations announced Monday. Did he proclaim them in downtown Calgary or in one of Alberta’s large natural gas fields, where billions of dollars of investment and thousands of well-paying jobs could be affected?

Dreams collide for Trudeau as First Nations bet big on oil and gas – by John Ivison (National Post – December 4, 2023)

December 5, 2023

https://nationalpost.com/

Climate zealots will likely have more influence on deciding project loan guarantees than the wishes of Indigenous communities will

Justin Trudeau’s top priorities ever since his election in 2015 have been action on climate change and a “renewed nation-to-nation relationship” with Indigenous people. But what happens when your top priorities crash headlong into one another?

In the recent fall economic statement the government said it is “determined to ensure that Indigenous communities can share in the benefits of major projects in their territories on their own terms” (emphasis mine).

Ontario’s plan to build new gas plants just got more complicated – by Marco Chown Oved (Toronto Star – November 30, 2023)

November 30, 2023

https://www.thestar.com/

At a meeting on Monday evening, Loyalist Township declined to support a new gas plant. On Tuesday, Napanee council endorsed a bid by Atura power to build a new gas plant in their community.

Local municipal councils in Eastern Ontario rejected one new gas plant but welcomed another this week, complicating the province’s plan to build new fossil fuel projects. At a meeting on Monday evening, Loyalist Township declined to support a new gas plant, with councillors saying they could not support energy projects that both pollute local air and make climate change worse.

Smith says she’ll reveal details next week on threat to invoke sovereignty act (Canadian Press/Toronto Star – November 26, 2023)

November 27, 2023

https://www.thestar.com/

Premier pledges to move on sovereignty act

EDMONTON – Alberta Premier Danielle Smith says she will reveal details next week on her threat to invoke her government’s sovereignty act over federal clean energy regulations.

Smith told her provincewide radio call-in show on Saturday that she’s “had it” with federal Environment Minister Steven Guilbeault, saying he “doesn’t care about the constitution” and noting Ottawa has recently lost two court cases dealing with disputes over federal-provincial jurisdiction.