Pages tagged "Topic: Oil"
Sulphur in Canada: Everything You Need to Know
Did you know Canada was the world's sixth-largest sulphur producer in 2021 [4]? Although sulphur isn't known for its pleasant smell, the non-metallic chemical element is incredibly useful in our day-to-day lives. Sulphur production began in Canada primarily as a byproduct of...
Canadian Oil Sands Not "High Cost" or "Economically Unviable" to Produce: REPORT
How many times have you heard the claim that oil sands production is "too expensive" for the sector’s longevity in a world looking to reduce its reliance on fossil fuels? Because of its "costly" nature, anti-Canadian energy activists suggest the oil sands won’t be economicall...
Once Again, the U.S. Looks Past Keystone XL Pipeline to Less Responsible Oil Producers. Why?
The U.S. granted permission this past Saturday for one of its homegrown oil majors to start producing Venezuelan crude after the Maduro regime ‘agreed’ to hold talks with its political opposition. Just how much trust we can put into Venezuela’s current ruling autocracy to uph...
Canada Could Displace Half of Russian Energy on Global Markets: SURVEY
If Canada put its pedal to the metal, it could displace up to 59% of Russian natural gas exports and up to 46% of its oil sales over the next decade says a new report by SecondStreet.org. The survey comes when Europe – Russia’s largest oil and gas export destination – and oth...
MYTH: Canadian Oil Sands Net Zero Commitments Nothing But “Hot Air”
Is the Canadian oil sands sector’s commitment to reach net zero by 2050 just a bunch of hot air? It’s no surprise that right after the Oil Sands Pathways to Net Zero Alliance announced $24 billion for emissions reductions by 2030, accusations from long-standing opponents of C...
Canada Already Has a Windfall Tax on Oil & Gas, Let's Have an Informed Conversation.
Canada already has a working "windfall tax" on oil and gas companies. It’s called a scaling royalty system, so let's have an informed discussion about our world-class energy producers. Despite the overwhelming treasure trove of evidence and analyses showing how a windfall tax...
Oil Sands Commit $24 Billion to Phase 1 of Emission Reductions on Path Towards Net Zero
Canada’s oil sands operators have announced plans to spend $24 billion on emission-reduction projects by 2030 as part of their commitment to reach net zero by 2050. The Oil Sands Pathways to Net Zero Alliance – accounting for 95% of oil sands production – has allocated $16.5 ...
U.S. Could Still Build Keystone XL, Decreasing Long-Term Need for Unfriendly Oil Suppliers
Several suggestions from the U.S. over the past several months that it may scale down sanctions on Venezuela to increase oil supplies should make us all think of the Keystone XL (KXL) pipeline. The now-defunct project could have been a stable and reliable source of oil for U....
OPEC's Latest Oil Production Cuts Show Why the West Must Look to Canadian Energy
OPEC+, a group of the world's most influential oil producers, agreed to deep output cuts on Wednesday in an attempt to boost crude prices, despite calls from Western nations to pump more to help support the global economy. The 2 million barrel per day reduction from November ...
Why Should You Support Democratic Oil Producers Like Canada vs. the Alternative?
In a world where most of our oil is produced by national oil companies (NOCs), we need to remind ourselves that it absolutely does matter where you source your energy from.A recent article by The Economist highlights several important facts that should concern any nation look...