With the federal government’s decision on Frontier oil sands mine coming soon, it’s more important than ever to explain why all us Canadians should put our full support behind this historic project.
If Teck is not allowed to proceed, it will be another nail in the coffin for Canada's oil and gas industry which has seen massive divestment and cancellations of major projects since 2015.
Where does all that capital investment go? To jurisdictions like the Untied States and elsewhere around the world with less stringent environmental regulations. Shutting down Canadian industry doesn't keep one barrel of oil in the ground.
It's a lost opportunity for our country and the global environment. Here's several reasons why Canada will lose if the Frontier oil sands project is not approved.Read more
Rafi Tahmazian, Director and Senior Portfolio Manager with Canoe Financial tells BNN why he thinks Canadian oil and gas is undervalued. He discusses Canada's exemplary record for environmental, social and governance (ESG) investment criteria and how this may present a grand opportunity for investors in the future.
The federal government’s decision on whether or not to approve the new Frontier oil sands mine is coming soon. No less than a global perspective must be taken by our government when choosing. Shutting the project down has the potential to hurt the global environment through carbon leakage, resulting in the transfer of oil output and market share to less environmentally responsible producing nations around the globe.Read more
With the federal government’s decision on the Teck Frontier Mine coming soon (in February), there’s some important details about this new oil sands project that need to be brought into the limelight.Read more
Did you know that once fully completed, the LNG Canada project will have 4 trains with the capacity to export 28 million tonnes of liquefied natural gas (LNG) to Asia each year?
This is huge news for LNG in Canada. It’s also very good news for the global environment as this amount of exported LNG has the potential to reduce emissions of carbon dioxide (CO2) by 82 megatonnes annually via displacing coal-fired power plants in China.
But just how much is 82 megatonnes - or 82 million tonnes of CO2? Roughly speaking, that is equivalent to 15% of Canada's annual greenhouse gas (GHG) emissions, or removing approximately 18 million cars from the road every year!Read more
Bill Nye the Science Guy produced a video back in 2015 called EXPLORER: Bill Nye’s Global Meltdown, which made it seem like to the unknowing viewer that Canada’s mineable oil sands would expand to be the size of Florida if left unabated.
If science is supposed to be based on observation, experiment, and the analysis of data that’s collected from these processes, Bill’s suggestion that mineable oil sands operations would grow to “almost” 170,000 km2 in size (Florida) is preposterously unscientific.Read more
In early November of 2019, the Boundary Dam 3 Power Station’s Carbon Capture and Storage (CCS) facility in Saskatchewan captured its 3 millionth tonne of carbon dioxide (CO2) since it began operation in 2014.
This is an incredible milestone considering that the amount of carbon it has captured is equivalent to removing around 650,000 cars off the road for a year's time, assuming the typical passenger vehicle emits approximately 4.6 tonnes of CO2 per year.
Each year since 2014, SaskPower’s CCS facility has captured an amount of CO2 equivalent to taking more than 100,000 cars from the road annually.Read more
Did you know that Canada is a world leader on climate action, and has been for many years? It comes from the top down in our country with all levels of government putting a major effort into reducing greenhouse gas (GHG) emissions through initiatives like building Canadian renewable energy infrastructure, investing in clean technologies and spending billions on environmental protection.
Meanwhile, Canada’s stringent and ever-evolving environmental regulatory framework has pushed industry across the country to invest its own time and resources to reduce emissions. Today, switching to renewable power generation is one of the most common ways individual companies are reducing GHGs on their own initiative.Read more
Did you know that when it comes to environmental, social and governance (ESG) "investor" criteria, that Canada places 1st among the world’s top 10 oil exporters not just once, or twice, but every time?
It doesn’t matter what index or ranking you look at, Canada is number one on the list. And these aren’t just any rankings from your local newspaper either, but from well-reputed institutions and organizations across the globe who are among the best at what they do.
A few of these ESG rankings and their respective creators:Read more
Did you know that Canada is home to the world's third largest recoverable oil reserves? Most of Canada's oil is found in the oil sands in the western province of Alberta.
Did you also know that the companies operating in oil sands are required to adhere to some of the strictest environmental regulations for oil and gas producers on the planet?
So, just exactly how are Canada's oil sands producers making an effort to protect the environment?
Below are several infographics on oil sands producers and the environment showing how these companies are part of one of the most environmentally responsible petroleum industries on the planet.Read more