NationofChange
Government defends praising tar sands industry figures as COP26 âclimate championsâ
Five of the individuals praised at COP26 event hold senior roles at fossil fuel companies and investors, including the Royal Bank of Canada and Suncor.
Image Credit: Kris Krug
The UK government has defended its decision to celebrate
representatives of companies involved in Canadaâs controversial tar
sands industry as âClimate Championsâ, ahead of the COP26 UN climate
summit it is set to host later this year.
A UK-Canada event last week praised 26 âexceptional individuals
actively working to move Canada to net-zero emissionsâ, five of whom
work for companies and investors involved in the fossil fuel industry,
BP says it will stick with top U.S. oil lobby after climate shift
By Ron Bousso
Reuters
LONDON (Reuters) - BP said on Monday it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.
BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in a report that despite uneven progress , the API was heading in the right direction .
The API has faced growing pressure from member companies and activist groups to change its policies relating to climate change and drilling regulations.
BP says it will stick with U.S. oil lobby after climate shift
5/10/2021
BP said it will remain a member of the American Petroleum Institute (API) after the largest U.S. oil and gas trade lobby group addressed some differences with the British energy company over climate change.
BP, which plans to sharply cut its oil output and boost its renewable energy capacity over the next decade, said in a report that despite uneven progress , the API was heading in the right direction .
The API has faced growing pressure from member companies and activist groups to change its policies relating to climate change and drilling regulations.
Dog days [Gas in Transition]
May 7, 2021 11:55:am
Summary Canadian gas producers are optimistic of the long-term future, but concerned that weaker demand in the summer will bring increased volatility. [Gas in Transition, Volume 1, Issue 1]
by: Dale Lunan
Recovering global and domestic markets have Canadian gas producers optimistic about the future as the world emerges from the economic blight caused by the Covid-19 pandemic, but worries persist the summer may be volatile at western Canada’s key gas hub.
Optimism stems from developments both in Canada and south of the border.
In the US, LNG exports from Gulf Coast terminals continue to grow, but US producers have signalled little interest in growing their production. That leaves opportunities for Canadian producers to backfill in markets left short on gas by the demand pull from the liquefaction terminals.
Workers at the Sunrise oil sands project in northern Alberta. Photo courtesy BP
Calls to slow down or shut down Canada’s oil and gas industry do not consider the substantial benefits it provides to Canadians and to the world.
Fact: Oil and gas development is good for Canadians
Oil and gas delivers economic and social prosperity for Canadians including jobs, government revenues that help pay for roads, hospitals and schools, and substantial investment in community programs. And it’s not just in the major producing provinces – it’s across the country.
The oil and gas sector directly and indirectly employed approximately 550,000 Canadians in 2019, according to Natural Resources Canada. This includes jobs related to production as well as in the industry’s supply chain, which stretches from coast to coast.