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		<title>A Matter of Fact: AP news story misrepresents the oil sands by ignoring environmental progress</title>
		<link>https://www.canadianenergycentre.ca/a-matter-of-fact-ap-news-story-misrepresents-the-oil-sands-by-ignoring-environmental-progress/</link>
		
		<dc:creator><![CDATA[Deborah Jaremko]]></dc:creator>
		<pubDate>Fri, 10 Nov 2023 19:55:10 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
		<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Canadian Energy]]></category>
		<category><![CDATA[emissions]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[Misinformation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Oil sands]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=13249</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="1312" height="688" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor.jpg 1312w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-300x157.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-1024x537.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-768x403.jpg 768w" sizes="(max-width: 1312px) 100vw, 1312px" /><figcaption>A truck approaches Wapisiw Lookout, the first reclaimed tailings pond in the oil sands industry. Photo courtesy Suncor Energy</figcaption></figure>
				<p><span data-contrast="auto">A widely-circulated </span><a href="https://www.pbs.org/newshour/world/canada-says-it-can-fight-climate-change-and-be-major-oil-nation-massive-fires-may-force-a-reckoning"><span data-contrast="none">article</span></a><span data-contrast="auto"> this week by the Associated Press misrepresents Canada’s oil sands industry by ignoring its progress improving environmental performance and its commitment to achieving climate targets. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Canadian oil is not “the world’s dirtiest” </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The article repeats the false narrative that oil from the oil sands is far “dirtier” than other crudes produced around the world. This is not the case. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.spglobal.com/commodityinsights/en/ci/products/energy-industry-oil-sands-dialogue.html"><span data-contrast="none">Analysis by S&amp;P Global</span></a><span data-contrast="auto"> found that average oil sands emissions per barrel are in the range of other crude oils consumed in the United States, the industry’s main customer. </span></p>
<p><span data-contrast="auto">Average oil sands emissions per barrel range from 1.6 per cent below to 8.6 per cent above, depending on production process, S&amp;P Global predecessor IHS Markit reported in 2018.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil sands producers are doing more to reduce emissions than operators in other countries, </span><a href="https://www.canadianenergycentre.ca/canadas-oil-producers-doing-more-to-reduce-emissions-than-global-competitors/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> BMO Capital Markets. </span></p>
<p><span data-contrast="auto">Between 2013 and 2021, BMO estimates the average oil sands barrel shaved off more than 22 kilograms of emissions, compared to a reduction of just five kilograms per barrel for other major global oil producers. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Oil sands producers reducing emissions per barrel, on track for absolute emissions reductions </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article makes no mention of the success oil sands producers have achieved reducing emissions per barrel. That so-called emissions intensity is now estimated to be 23 per cent lower than it was in 2009, </span><a href="https://www.spglobal.com/commodityinsights/en/about-commodityinsights/media-center/press-releases/2023/080923-absolute-greenhouse-gas-emissions-from-canadian-oil-sands-did-not-increase-in-2022-even-as-production-grew"><span data-contrast="none">according to</span></a><span data-contrast="auto"> S&amp;P Global.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Further, there is no mention that the success reducing emissions per barrel is catching up to production growth, and total oil sands emissions may be close to their peak. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Last year, for the first time since S&amp;P Global started estimating the data, oil sands production went up, but emissions did not. </span></p>
<p><span data-contrast="auto">Total oil sands emissions were 81 megatonnes in 2022, nearly flat with 2021 despite a production increase of about 50,000 barrels per day.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Last year analysts predicted that absolute oil sands emissions would start going down by 2025. </span><span data-contrast="auto">The new findings indicate that could happen sooner. And that’s before shovels hit the ground for the </span><a href="https://www.canadianenergycentre.ca/inside-the-pathways-alliance-canadas-oil-sands-pledge-to-reach-net-zero-by-2050/"><span data-contrast="none">Pathways Alliance</span></a><span data-contrast="auto">’s foundational carbon capture and storage (CCS) project.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Pathways Alliance collaboration is critical to emissions reduction</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article leaves out any mention of the </span><a href="https://pathwaysalliance.ca/?gclid=CjwKCAiAxreqBhAxEiwAfGfndKn1oOtTm78oodcKr0oh47W5rBYfgG64rmdYrbMJdvzc-_EskGByMRoCqycQAvD_BwE&amp;gclsrc=aw.ds"><span data-contrast="none">Pathways Alliance</span></a><span data-contrast="auto">, one of the most significant environmental initiatives ever undertaken in Canada. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Six companies representing 95 per cent of Canada’s oil sands production are working together with the goal of net zero emissions in their operations by 2050.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">With anticipated co-funding support from Canadian governments, the Alliance has announced plans to invest about $24 billion before 2030 in the first phase of its plan.</span></p>
<p><span data-contrast="auto">This includes $16.5 billion on the </span><a href="https://pathwaysalliance.ca/foundational-project/"><span data-contrast="none">foundational CCS project</span></a><span data-contrast="auto"> and $7.6 billion on </span><a href="https://pathwaysalliance.ca/news/pathways-alliance-focuses-on-suite-of-technologies-to-advance-net-zero-plan/"><span data-contrast="none">other technologies</span></a><span data-contrast="auto"> like switching to clean hydrogen and electricity to power oil sands operations.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">About half of the targeted 22 million tonne per year emissions reduction by 2030 will come from CCS, with a network connecting CO2 capture at an initial 14 oil sands facilities to a storage hub in northern Alberta.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: CCS projects in Canada are working</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article perpetuates the inaccurate position that CCS is not a proven technology. But CCS in Canada has successfully operated for more than two decades.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada has six of the world’s 39 commercial CCS operations, accounting for about 15 per cent of global CCS capacity even though Canada generates less than two per cent of global CO2 emissions, </span><a href="https://ccsknowledge.com/news/knowledge-centre-statement-on-canadas-carbon-management-strategy"><span data-contrast="none">according to</span></a><span data-contrast="auto"> the International CCS Knowledge Centre.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In Alberta, since 2015 two CCS projects – both tied to oil sands production – have safely stored more than 12 million tonnes of CO2, or the equivalent of taking more than 2.6 million internal combustion engine vehicles off the road. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The world needs oil now and long into the future</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">While activists trumpet the narrative that the world is rapidly transitioning away from fossil fuels, the reality is oil and gas will be around for a long, long time.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even as more renewable and alternative energy sources become technically and economically feasible at a large scale, on the current trajectory the International Energy Agency (IEA) </span><a href="https://www.iea.org/reports/world-energy-outlook-2023"><span data-contrast="none">projects</span></a><span data-contrast="auto"> that oil alone will still supply</span><span data-contrast="auto"> 26 per cent </span><span data-contrast="auto">of world energy needs in 2050. That’s down only modestly from 30 per cent in 2022.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even in the IEA’s unlikely net zero scenario – which would require unprecedented global cooperation and includes more than a third of emissions reductions coming from technologies that do not yet exist – oil still accounts for 8 per cent of world energy supply in 2050.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Oil demand for non-energy use (like pavement, which </span><a href="https://www.queensu.ca/gazette/stories/how-canada-s-oilsands-can-help-build-better-roads"><span data-contrast="none">improves in quality</span></a><span data-contrast="auto"> when using oil from Canada’s oil sands) even continues to increase in the IEA’s net zero scenario, rising to 6 per cent of world energy use in 2050, from five per cent in 2022.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil sands industry leads the world in its commitment to continuous improvement in environmental performance and emissions reduction, and this should be recognized by media outlets including the Associated Press. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

	]]></description>
										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="1312" height="688" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor.jpg 1312w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-300x157.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-1024x537.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/wapisiw-lookout-suncor-768x403.jpg 768w" sizes="(max-width: 1312px) 100vw, 1312px" /><figcaption>A truck approaches Wapisiw Lookout, the first reclaimed tailings pond in the oil sands industry. Photo courtesy Suncor Energy</figcaption></figure>
				<p><span data-contrast="auto">A widely-circulated </span><a href="https://www.pbs.org/newshour/world/canada-says-it-can-fight-climate-change-and-be-major-oil-nation-massive-fires-may-force-a-reckoning"><span data-contrast="none">article</span></a><span data-contrast="auto"> this week by the Associated Press misrepresents Canada’s oil sands industry by ignoring its progress improving environmental performance and its commitment to achieving climate targets. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Canadian oil is not “the world’s dirtiest” </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The article repeats the false narrative that oil from the oil sands is far “dirtier” than other crudes produced around the world. This is not the case. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.spglobal.com/commodityinsights/en/ci/products/energy-industry-oil-sands-dialogue.html"><span data-contrast="none">Analysis by S&amp;P Global</span></a><span data-contrast="auto"> found that average oil sands emissions per barrel are in the range of other crude oils consumed in the United States, the industry’s main customer. </span></p>
<p><span data-contrast="auto">Average oil sands emissions per barrel range from 1.6 per cent below to 8.6 per cent above, depending on production process, S&amp;P Global predecessor IHS Markit reported in 2018.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil sands producers are doing more to reduce emissions than operators in other countries, </span><a href="https://www.canadianenergycentre.ca/canadas-oil-producers-doing-more-to-reduce-emissions-than-global-competitors/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> BMO Capital Markets. </span></p>
<p><span data-contrast="auto">Between 2013 and 2021, BMO estimates the average oil sands barrel shaved off more than 22 kilograms of emissions, compared to a reduction of just five kilograms per barrel for other major global oil producers. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Oil sands producers reducing emissions per barrel, on track for absolute emissions reductions </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article makes no mention of the success oil sands producers have achieved reducing emissions per barrel. That so-called emissions intensity is now estimated to be 23 per cent lower than it was in 2009, </span><a href="https://www.spglobal.com/commodityinsights/en/about-commodityinsights/media-center/press-releases/2023/080923-absolute-greenhouse-gas-emissions-from-canadian-oil-sands-did-not-increase-in-2022-even-as-production-grew"><span data-contrast="none">according to</span></a><span data-contrast="auto"> S&amp;P Global.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Further, there is no mention that the success reducing emissions per barrel is catching up to production growth, and total oil sands emissions may be close to their peak. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Last year, for the first time since S&amp;P Global started estimating the data, oil sands production went up, but emissions did not. </span></p>
<p><span data-contrast="auto">Total oil sands emissions were 81 megatonnes in 2022, nearly flat with 2021 despite a production increase of about 50,000 barrels per day.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Last year analysts predicted that absolute oil sands emissions would start going down by 2025. </span><span data-contrast="auto">The new findings indicate that could happen sooner. And that’s before shovels hit the ground for the </span><a href="https://www.canadianenergycentre.ca/inside-the-pathways-alliance-canadas-oil-sands-pledge-to-reach-net-zero-by-2050/"><span data-contrast="none">Pathways Alliance</span></a><span data-contrast="auto">’s foundational carbon capture and storage (CCS) project.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Pathways Alliance collaboration is critical to emissions reduction</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article leaves out any mention of the </span><a href="https://pathwaysalliance.ca/?gclid=CjwKCAiAxreqBhAxEiwAfGfndKn1oOtTm78oodcKr0oh47W5rBYfgG64rmdYrbMJdvzc-_EskGByMRoCqycQAvD_BwE&amp;gclsrc=aw.ds"><span data-contrast="none">Pathways Alliance</span></a><span data-contrast="auto">, one of the most significant environmental initiatives ever undertaken in Canada. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Six companies representing 95 per cent of Canada’s oil sands production are working together with the goal of net zero emissions in their operations by 2050.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">With anticipated co-funding support from Canadian governments, the Alliance has announced plans to invest about $24 billion before 2030 in the first phase of its plan.</span></p>
<p><span data-contrast="auto">This includes $16.5 billion on the </span><a href="https://pathwaysalliance.ca/foundational-project/"><span data-contrast="none">foundational CCS project</span></a><span data-contrast="auto"> and $7.6 billion on </span><a href="https://pathwaysalliance.ca/news/pathways-alliance-focuses-on-suite-of-technologies-to-advance-net-zero-plan/"><span data-contrast="none">other technologies</span></a><span data-contrast="auto"> like switching to clean hydrogen and electricity to power oil sands operations.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">About half of the targeted 22 million tonne per year emissions reduction by 2030 will come from CCS, with a network connecting CO2 capture at an initial 14 oil sands facilities to a storage hub in northern Alberta.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: CCS projects in Canada are working</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The AP article perpetuates the inaccurate position that CCS is not a proven technology. But CCS in Canada has successfully operated for more than two decades.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada has six of the world’s 39 commercial CCS operations, accounting for about 15 per cent of global CCS capacity even though Canada generates less than two per cent of global CO2 emissions, </span><a href="https://ccsknowledge.com/news/knowledge-centre-statement-on-canadas-carbon-management-strategy"><span data-contrast="none">according to</span></a><span data-contrast="auto"> the International CCS Knowledge Centre.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In Alberta, since 2015 two CCS projects – both tied to oil sands production – have safely stored more than 12 million tonnes of CO2, or the equivalent of taking more than 2.6 million internal combustion engine vehicles off the road. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The world needs oil now and long into the future</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">While activists trumpet the narrative that the world is rapidly transitioning away from fossil fuels, the reality is oil and gas will be around for a long, long time.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even as more renewable and alternative energy sources become technically and economically feasible at a large scale, on the current trajectory the International Energy Agency (IEA) </span><a href="https://www.iea.org/reports/world-energy-outlook-2023"><span data-contrast="none">projects</span></a><span data-contrast="auto"> that oil alone will still supply</span><span data-contrast="auto"> 26 per cent </span><span data-contrast="auto">of world energy needs in 2050. That’s down only modestly from 30 per cent in 2022.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even in the IEA’s unlikely net zero scenario – which would require unprecedented global cooperation and includes more than a third of emissions reductions coming from technologies that do not yet exist – oil still accounts for 8 per cent of world energy supply in 2050.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Oil demand for non-energy use (like pavement, which </span><a href="https://www.queensu.ca/gazette/stories/how-canada-s-oilsands-can-help-build-better-roads"><span data-contrast="none">improves in quality</span></a><span data-contrast="auto"> when using oil from Canada’s oil sands) even continues to increase in the IEA’s net zero scenario, rising to 6 per cent of world energy use in 2050, from five per cent in 2022.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil sands industry leads the world in its commitment to continuous improvement in environmental performance and emissions reduction, and this should be recognized by media outlets including the Associated Press. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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		<title>A Matter of Fact: Divesting from Canadian oil and gas hurts the world</title>
		<link>https://www.canadianenergycentre.ca/a-matter-of-fact-divesting-from-canadian-oil-and-gas-hurts-the-world/</link>
		
		<dc:creator><![CDATA[Deborah Jaremko]]></dc:creator>
		<pubDate>Fri, 03 Nov 2023 19:19:41 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Canadian Energy]]></category>
		<category><![CDATA[Carbon Capture and Storage]]></category>
		<category><![CDATA[emissions]]></category>
		<category><![CDATA[Global Energy]]></category>
		<category><![CDATA[Indigenous]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[Misinformation]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Oil sands]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=13193</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="2560" height="1707" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-scaled.jpeg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-scaled.jpeg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-300x200.jpeg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-1024x683.jpeg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-768x512.jpeg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-1536x1024.jpeg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-2048x1366.jpeg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption>Construction on the Trans Mountain Pipeline Expansion in British Columbia. Photo courtesy Trans Mountain Corporation</figcaption></figure>
				<p><span data-contrast="auto">Anti-oil and gas activists are </span><a href="https://act.350.org/event/global-power-up/25887"><span data-contrast="none">demanding</span></a><span data-contrast="auto"> Canadian institutions and investors stop all funding support for Canadian oil and gas. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They say oil and gas are not needed in the future if there is a “renewable energy revolution.” But they are wrong. Even in the most aggressive decarbonization scenarios – trajectories the world is not on – significant amounts of oil and gas will continue to be required through 2050. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“The energy future must be secure and affordable, as well as sustainable,” Daniel Yergin, Pulitzer Prize winning author and vice-chairman of S&amp;P Global, said </span><a href="https://www.canadianenergycentre.ca/world-oil-and-gas-investment-must-rise-dramatically-to-avoid-energy-shortages-report/"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canadian energy is all three of those things and should not be cut off from the world. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_13195" style="width: 1882px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/gettyimages-536114306/"><img aria-describedby="caption-attachment-13195" decoding="async" loading="lazy" class="size-full wp-image-13195" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306.png" alt="" width="1872" height="1126" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306.png 1872w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-300x180.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-1024x616.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-768x462.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-1536x924.png 1536w" sizes="(max-width: 1872px) 100vw, 1872px" /></a><p id="caption-attachment-13195" class="wp-caption-text">Aerial view of Mumbai, India. According to the UN, India is now the world&#8217;s most populous country and along with China will drive the world&#8217;s population to increase by two billion people over the next three decades. Getty Images photo</p></div>
<p><b><span data-contrast="auto">Fact: The world needs responsibly produced oil and gas </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">While activists like to trumpet the narrative that the world is rapidly transitioning away from fossil fuels, the reality is that oil and gas will be around for a long, long time.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">As more renewable and alternative energy sources become technically and economically feasible at a large scale, on the current trajectory the International Energy Agency (IEA) projects that oil and gas will </span><a href="https://www.iea.org/reports/world-energy-outlook-2023"><span data-contrast="none">still supply 46 per cent</span></a><span data-contrast="auto"> of world energy needs in 2050. That’s down only modestly from 53 per cent in 2022. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even in the IEA’s unlikely net zero scenario – which would require unprecedented global cooperation and includes more than a third of emissions reductions coming from technologies that do not yet exist – oil and gas still account for 14 per cent of world energy supply in 2050. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Oil demand for non-energy use (like pavement, which </span><a href="https://www.queensu.ca/gazette/stories/how-canada-s-oilsands-can-help-build-better-roads"><span data-contrast="none">improves in quality</span></a><span data-contrast="auto"> when using oil from Canada) even continues to increase in the IEA’s net zero scenario, rising to 6 per cent of world energy use in 2050, from five per cent in 2022. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Shutting off Canada’s ability to supply oil and gas would have no impact on how much is used around the world – or how much emissions that use generates.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">It would only shift supply to our biggest competitor – the United States – or regions that are less responsible actors in areas like social progress, environmental protection and worker safety.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canadian natural gas can reduce global emissions</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_11717" style="width: 2570px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/canadas-natural-gas-an-essential-part-of-energy-transformation-report/lng-canada-20220928-4/" rel="attachment wp-att-11717"><img aria-describedby="caption-attachment-11717" decoding="async" loading="lazy" class="size-full wp-image-11717" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-scaled.jpg" alt="" width="2560" height="1707" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-scaled.jpg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-300x200.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-1024x683.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-768x512.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-1536x1024.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-2048x1365.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><p id="caption-attachment-11717" class="wp-caption-text">LNG Canada CEO Jason Klein stands atop a receiving platform overlooking LNG processing units called trains that are used to convert natural gas into liquefied natural gas at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, September 28, 2022. CP Images photo</p></div>
<p><span data-contrast="none">Climate change is a global issue, so solutions should be global in nature.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">For example, switching from coal to natural gas to generate power reduces emissions by 50 per cent on average, according to the IEA. Supply from Canada – exported globally as liquefied natural gas (LNG) can do even better, reducing emissions by about 65 per cent compared to coal, </span><a href="https://energysecurefuture.ca/paper/canadas-lng-opportunity-a-value-proposition-worth-celebrating"><span data-contrast="none">according to</span></a><span data-contrast="none"> Energy for a Secure Future.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">Analysts expect</span></a><span data-contrast="none"> world LNG demand to double over the next two decades as growing Asian economies look to get off coal. LNG is now also seen a core energy supply source for Europe following Russia’s invasion of Ukraine.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Thanks to a colder climate, lower methane emissions from natural gas production, and the use of hydroelectricity to power facilities in B.C., Canada’s LNG will have some of the lowest emissions in the world.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">A 2022 study by Wood Mackenzie found that Canadian LNG exports could reduce net emissions in Asia </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">by 188 million tonnes per year</span></a><span data-contrast="none"> through 2050. That’s the annual equivalent of removing nearly three times B.C.’s total emissions, or getting rid of all internal combustion engine cars from Canadian roads.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">If Canada shuts down its ability to supply the world with LNG, it will not change demand. The demand will just be met by other countries like the United States, Qatar and Australia.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canada’s oil sands industry has a credible path to net zero</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_6091" style="width: 1510px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/a-matter-of-fact-shutting-down-canadas-oil-and-gas-industry-would-not-help-climate-change/sagd-worker-cenovus-energy/" rel="attachment wp-att-6091"><img aria-describedby="caption-attachment-6091" decoding="async" loading="lazy" class="size-full wp-image-6091" src="https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy.jpg" alt="" width="1500" height="785" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy.jpg 1500w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-300x157.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-1024x536.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-768x402.jpg 768w" sizes="(max-width: 1500px) 100vw, 1500px" /></a><p id="caption-attachment-6091" class="wp-caption-text">SAGD oil sands project in northern Alberta. Photo courtesy Cenovus Energy</p></div>
<p><span data-contrast="none">Six companies representing 95 per cent of Canada’s oil sands production are working together with the goal of net zero emissions in their operations by 2050. This is important as most of Canada’s oil production comes from the oil sands sector.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The anchor project of the group’s target to reduce emissions by 22 million tonnes by 2030 on the way to net zero by 2050 is carbon capture and storage (CCS) technology.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">According to international bodies including the IEA and the </span><a href="https://www.ipcc.ch/report/sixth-assessment-report-working-group-3/"><span data-contrast="none">United Nations Intergovernmental Panel on Climate Change</span></a><span data-contrast="none">, dramatic expansion of CCS operations around the world is </span><a href="https://www.iea.org/fuels-and-technologies/carbon-capture-utilisation-and-storage"><span data-contrast="none">vital to achieve climate targets</span></a><span data-contrast="none">.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Canada is already </span><a href="https://www.facebook.com/CDNEnergyCentre/videos/911252460257781"><span data-contrast="none">a leader in the technology</span></a><span data-contrast="none">, with five of the world’s 30 commercial CCS facilities. This accounts for about 15 per cent of global CCS capacity even though Canada generates less than two per cent of global CO2 emissions.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Canada’s CCS operations are working. Since 2000, CCS projects in Saskatchewan and Alberta have removed more than 47 million tonnes of emissions, or the equivalent of taking more than 10 million cars off the road.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Emissions in Canada’s “conventional” (non-oil sands) oil sector </span><a href="https://unfccc.int/documents/627833"><span data-contrast="none">are already going down</span></a><span data-contrast="none">. According to Environment and Climate Change Canada’s latest report to the United Nations, emissions from conventional oil production were 26 megatonnes in 2021, down from 34 megatonnes in 2019.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The world will need oil for decades to come. Supply from Canada, where producers are committed to emissions reduction, is better for the planet than supply from other countries that do not share the same commitment to innovation.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Oil and gas benefits Canadians </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_10630" style="width: 2563px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/yager-confusing-signals-from-ottawa-on-oil-and-gas/illuminated-canadian-parliament-building-at-sunset/" rel="attachment wp-att-10630"><img aria-describedby="caption-attachment-10630" decoding="async" loading="lazy" class="size-full wp-image-10630" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598.jpg" alt="" width="2553" height="1440" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598.jpg 2553w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-1024x578.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-768x433.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-1536x866.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-2048x1155.jpg 2048w" sizes="(max-width: 2553px) 100vw, 2553px" /></a><p id="caption-attachment-10630" class="wp-caption-text">Getty Images photo</p></div>
<p><span data-contrast="auto">Shutting down Canada&#8217;s oil and gas industry would rob Canadians of huge economic activity and opportunity for economic reconciliation with Indigenous communities.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html#toc3"><span data-contrast="none">According to</span></a><span data-contrast="auto"> the federal government, oil and gas supported nearly 600,000 jobs across Canada in 2020. This includes 178,500 “direct” jobs with oil and gas companies and 415,000 “indirect” jobs in supporting industries like engineering and manufacturing.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In addition to the concentration of jobs in oil and gas producing provinces, there are thousands of jobs in manufacturing, environmental, and financial services tied to the oil and gas industry, especially in Ontario and Quebec.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In 2020, the oil and gas industry generated $118 billion in GDP. Canada’s total GDP in 2020 was $1.65 trillion, indicating that the oil and gas sector accounted for about 7.2 per cent of the country’s economic activity.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">At the same time, Canada exported $86 billion worth of oil and gas in 2020, or 16 per cent of the country’s total exports. Of those shipments, 95 per cent went to the U.S.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Together, Canada’s oil sands and natural gas sectors are expected to contribute more than $640 billion to government revenues through 2050, according to </span><a href="https://www.canadianenergycentre.ca/category/research/"><span data-contrast="none">CEC research</span></a><span data-contrast="auto">. This helps pay for services like roads, schools and hospitals. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">These economic benefits would evaporate without Canadian oil and gas production. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canadian oil and gas projects benefit Indigenous communities</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_11501" style="width: 2058px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/haisla-nation-taking-delivery-of-new-tugboats-as-lng-project-approved-to-proceed/celebrate/" rel="attachment wp-att-11501"><img aria-describedby="caption-attachment-11501" decoding="async" loading="lazy" class="size-full wp-image-11501" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818.jpg" alt="" width="2048" height="1152" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818.jpg 2048w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-1024x576.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-768x432.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-1536x864.jpg 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></a><p id="caption-attachment-11501" class="wp-caption-text">Haisla Nation Chief Councillor Crystal Smith celebrates HaiSea Marine&#8217;s new tugboat fleet in Istanbul, Turkiye. Photo courtesy HaiSea Marine</p></div>
<p><span data-contrast="none">Indigenous businesses and communities are becoming increasingly important players in Canadian oil and gas, and that’s good for Canada and the world.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">“When Europeans, Asians and Americans think of Canada’s Indigenous peoples, they often think we oppose all energy development. We aren’t victims of development. Increasingly we are partners and even owners in major projects,” Haisla Nation Chief Councillor Crystal Smith said during a </span><a href="https://youtu.be/49YCVEJWRZw"><span data-contrast="none">press conference</span></a><span data-contrast="none"> in April. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The Haisla Nation is 50 per cent owner of the proposed </span><a href="https://www.cedarlng.com/cedar-lng-receives-b-c-environmental-approval-and-signs-memorandum-of-understanding-with-arc-resources-ltd/?utm_source=WebPPL&amp;utm_medium=03142023PPL&amp;utm_campaign=CedarAppr&amp;utm_id=CedarAppr"><span data-contrast="none">Cedar LNG project</span></a><span data-contrast="none">, which would be the first Indigenous-owned LNG terminal in the world. The Haisla Nation views it as an opportunity to take ownership of industrial development on their lands and to use revenues to support local social, educational and health programs.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">It’s just one example of the growing role of Indigenous communities in Canadian energy.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Indigenous communities will have a stake in the LNG Canada project development as well, with 16 communities to acquire a </span><a href="https://www.coastalgaslink.com/whats-new/news-stories/2022/2022-03-10-indigenous-groups-sign-historic-equity-option-agreements-with-tc-energy-on-coastal-gaslink/"><span data-contrast="none">10% stake in the Coastal GasLink pipeline</span></a><span data-contrast="none"> once complete in 2023.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">In Alberta, 23 First Nation and Métis communities are now approximately </span><a href="https://www.enbridge.com/stories/2022/september/landmark-equity-pipeline-partnership-between-enbridge-and-23-indigenous-communities"><span data-contrast="none">12 per cent owners</span></a><span data-contrast="none"> of seven operating Enbridge oil sands pipelines, the largest Indigenous energy transaction ever in North America.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Since 2014, Indigenous employment in Canada’s oil and gas sector has increased by more than 20 per cent, reaching an estimated 10,400 jobs in 2020, </span><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html"><span data-contrast="none">according to</span></a><span data-contrast="none"> the federal government.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Together, three projects – the Trans Mountain Expansion, Coastal GasLink, and LNG Canada – have spent approximately $9 billion with Indigenous-owned and local businesses. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Phasing out Canada’s oil and gas industry would remove these opportunities from Indigenous communities.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Engagement with oil and gas companies, not divestment, is viewed as the better choice </span></b><span data-contrast="auto"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_5997" style="width: 1034px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/oil-and-gas-divestment-hampers-path-to-emissions-reduction-new-canada-pension-fund-ceo/john_graham-cpp_investments-handout-1024x683-1/" rel="attachment wp-att-5997"><img aria-describedby="caption-attachment-5997" decoding="async" loading="lazy" class="size-full wp-image-5997" src="https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1.jpg" alt="" width="1024" height="683" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1-300x200.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><p id="caption-attachment-5997" class="wp-caption-text">John Graham, CEO of CPP Investments. Photo courtesy CPP Investments</p></div>
<p><span data-contrast="auto">Heavy hitters like the Canada Pension Plan Investment Board have no interest in blanket divesting from oil and gas companies.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to CEO John Graham, the critical task of reducing global emissions will require the skills of people inside these companies. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“If the goal is to actually remove carbon from the economy, then selling doesn’t achieve that. All selling does is sell to someone else who may not share the same values [and] may not have the same objective,” he has said.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“We continue to invest in oil and gas with a view that here we have a sector that understands energy; that understands how to get energy into people’s hands. Our view is to be an engaged owner/investor within the companies we invest in and express our expectation of a path towards net zero.” </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">It’s a view shared by Larry Fink, influential CEO of BlackRock Inc., the world’s largest asset management firm.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Nothing’s more greenwashing than divestiture, because it doesn’t change the footprint of the world,” Fink </span><a href="https://mitsloan.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=7d4b3b48-cca3-4a8e-8c00-adc801435b75"><span data-contrast="none">said</span></a><span data-contrast="auto"> in November 2021.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“We’re not going to get to this decarbonized world that we wish if we don’t invest in technologies and industry that rapidly change our carbonized world to a more decarbonized world. But it’s a lot more complex than just having a bunch of investors moving out of some hydrocarbon companies.”   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Now – and on the long-term road to a carbon neutral future – the world needs more Canadian oil and gas, not less. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="2560" height="1707" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-scaled.jpeg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-scaled.jpeg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-300x200.jpeg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-1024x683.jpeg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-768x512.jpeg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-1536x1024.jpeg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/trans-mountain-construction-workers-2048x1366.jpeg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption>Construction on the Trans Mountain Pipeline Expansion in British Columbia. Photo courtesy Trans Mountain Corporation</figcaption></figure>
				<p><span data-contrast="auto">Anti-oil and gas activists are </span><a href="https://act.350.org/event/global-power-up/25887"><span data-contrast="none">demanding</span></a><span data-contrast="auto"> Canadian institutions and investors stop all funding support for Canadian oil and gas. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They say oil and gas are not needed in the future if there is a “renewable energy revolution.” But they are wrong. Even in the most aggressive decarbonization scenarios – trajectories the world is not on – significant amounts of oil and gas will continue to be required through 2050. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“The energy future must be secure and affordable, as well as sustainable,” Daniel Yergin, Pulitzer Prize winning author and vice-chairman of S&amp;P Global, said </span><a href="https://www.canadianenergycentre.ca/world-oil-and-gas-investment-must-rise-dramatically-to-avoid-energy-shortages-report/"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canadian energy is all three of those things and should not be cut off from the world. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_13195" style="width: 1882px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/gettyimages-536114306/"><img aria-describedby="caption-attachment-13195" decoding="async" loading="lazy" class="size-full wp-image-13195" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306.png" alt="" width="1872" height="1126" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306.png 1872w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-300x180.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-1024x616.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-768x462.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/11/GettyImages-536114306-1536x924.png 1536w" sizes="(max-width: 1872px) 100vw, 1872px" /></a><p id="caption-attachment-13195" class="wp-caption-text">Aerial view of Mumbai, India. According to the UN, India is now the world&#8217;s most populous country and along with China will drive the world&#8217;s population to increase by two billion people over the next three decades. Getty Images photo</p></div>
<p><b><span data-contrast="auto">Fact: The world needs responsibly produced oil and gas </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">While activists like to trumpet the narrative that the world is rapidly transitioning away from fossil fuels, the reality is that oil and gas will be around for a long, long time.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">As more renewable and alternative energy sources become technically and economically feasible at a large scale, on the current trajectory the International Energy Agency (IEA) projects that oil and gas will </span><a href="https://www.iea.org/reports/world-energy-outlook-2023"><span data-contrast="none">still supply 46 per cent</span></a><span data-contrast="auto"> of world energy needs in 2050. That’s down only modestly from 53 per cent in 2022. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even in the IEA’s unlikely net zero scenario – which would require unprecedented global cooperation and includes more than a third of emissions reductions coming from technologies that do not yet exist – oil and gas still account for 14 per cent of world energy supply in 2050. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Oil demand for non-energy use (like pavement, which </span><a href="https://www.queensu.ca/gazette/stories/how-canada-s-oilsands-can-help-build-better-roads"><span data-contrast="none">improves in quality</span></a><span data-contrast="auto"> when using oil from Canada) even continues to increase in the IEA’s net zero scenario, rising to 6 per cent of world energy use in 2050, from five per cent in 2022. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Shutting off Canada’s ability to supply oil and gas would have no impact on how much is used around the world – or how much emissions that use generates.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">It would only shift supply to our biggest competitor – the United States – or regions that are less responsible actors in areas like social progress, environmental protection and worker safety.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canadian natural gas can reduce global emissions</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_11717" style="width: 2570px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/canadas-natural-gas-an-essential-part-of-energy-transformation-report/lng-canada-20220928-4/" rel="attachment wp-att-11717"><img aria-describedby="caption-attachment-11717" decoding="async" loading="lazy" class="size-full wp-image-11717" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-scaled.jpg" alt="" width="2560" height="1707" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-scaled.jpg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-300x200.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-1024x683.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-768x512.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-1536x1024.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/04/CP164883650-2048x1365.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><p id="caption-attachment-11717" class="wp-caption-text">LNG Canada CEO Jason Klein stands atop a receiving platform overlooking LNG processing units called trains that are used to convert natural gas into liquefied natural gas at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, September 28, 2022. CP Images photo</p></div>
<p><span data-contrast="none">Climate change is a global issue, so solutions should be global in nature.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">For example, switching from coal to natural gas to generate power reduces emissions by 50 per cent on average, according to the IEA. Supply from Canada – exported globally as liquefied natural gas (LNG) can do even better, reducing emissions by about 65 per cent compared to coal, </span><a href="https://energysecurefuture.ca/paper/canadas-lng-opportunity-a-value-proposition-worth-celebrating"><span data-contrast="none">according to</span></a><span data-contrast="none"> Energy for a Secure Future.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">Analysts expect</span></a><span data-contrast="none"> world LNG demand to double over the next two decades as growing Asian economies look to get off coal. LNG is now also seen a core energy supply source for Europe following Russia’s invasion of Ukraine.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Thanks to a colder climate, lower methane emissions from natural gas production, and the use of hydroelectricity to power facilities in B.C., Canada’s LNG will have some of the lowest emissions in the world.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">A 2022 study by Wood Mackenzie found that Canadian LNG exports could reduce net emissions in Asia </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">by 188 million tonnes per year</span></a><span data-contrast="none"> through 2050. That’s the annual equivalent of removing nearly three times B.C.’s total emissions, or getting rid of all internal combustion engine cars from Canadian roads.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">If Canada shuts down its ability to supply the world with LNG, it will not change demand. The demand will just be met by other countries like the United States, Qatar and Australia.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canada’s oil sands industry has a credible path to net zero</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_6091" style="width: 1510px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/a-matter-of-fact-shutting-down-canadas-oil-and-gas-industry-would-not-help-climate-change/sagd-worker-cenovus-energy/" rel="attachment wp-att-6091"><img aria-describedby="caption-attachment-6091" decoding="async" loading="lazy" class="size-full wp-image-6091" src="https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy.jpg" alt="" width="1500" height="785" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy.jpg 1500w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-300x157.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-1024x536.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/07/sagd-worker-cenovus-energy-768x402.jpg 768w" sizes="(max-width: 1500px) 100vw, 1500px" /></a><p id="caption-attachment-6091" class="wp-caption-text">SAGD oil sands project in northern Alberta. Photo courtesy Cenovus Energy</p></div>
<p><span data-contrast="none">Six companies representing 95 per cent of Canada’s oil sands production are working together with the goal of net zero emissions in their operations by 2050. This is important as most of Canada’s oil production comes from the oil sands sector.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The anchor project of the group’s target to reduce emissions by 22 million tonnes by 2030 on the way to net zero by 2050 is carbon capture and storage (CCS) technology.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">According to international bodies including the IEA and the </span><a href="https://www.ipcc.ch/report/sixth-assessment-report-working-group-3/"><span data-contrast="none">United Nations Intergovernmental Panel on Climate Change</span></a><span data-contrast="none">, dramatic expansion of CCS operations around the world is </span><a href="https://www.iea.org/fuels-and-technologies/carbon-capture-utilisation-and-storage"><span data-contrast="none">vital to achieve climate targets</span></a><span data-contrast="none">.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Canada is already </span><a href="https://www.facebook.com/CDNEnergyCentre/videos/911252460257781"><span data-contrast="none">a leader in the technology</span></a><span data-contrast="none">, with five of the world’s 30 commercial CCS facilities. This accounts for about 15 per cent of global CCS capacity even though Canada generates less than two per cent of global CO2 emissions.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Canada’s CCS operations are working. Since 2000, CCS projects in Saskatchewan and Alberta have removed more than 47 million tonnes of emissions, or the equivalent of taking more than 10 million cars off the road.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Emissions in Canada’s “conventional” (non-oil sands) oil sector </span><a href="https://unfccc.int/documents/627833"><span data-contrast="none">are already going down</span></a><span data-contrast="none">. According to Environment and Climate Change Canada’s latest report to the United Nations, emissions from conventional oil production were 26 megatonnes in 2021, down from 34 megatonnes in 2019.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The world will need oil for decades to come. Supply from Canada, where producers are committed to emissions reduction, is better for the planet than supply from other countries that do not share the same commitment to innovation.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Oil and gas benefits Canadians </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_10630" style="width: 2563px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/yager-confusing-signals-from-ottawa-on-oil-and-gas/illuminated-canadian-parliament-building-at-sunset/" rel="attachment wp-att-10630"><img aria-describedby="caption-attachment-10630" decoding="async" loading="lazy" class="size-full wp-image-10630" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598.jpg" alt="" width="2553" height="1440" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598.jpg 2553w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-1024x578.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-768x433.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-1536x866.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/GettyImages-173041435-scaled-e1673634050598-2048x1155.jpg 2048w" sizes="(max-width: 2553px) 100vw, 2553px" /></a><p id="caption-attachment-10630" class="wp-caption-text">Getty Images photo</p></div>
<p><span data-contrast="auto">Shutting down Canada&#8217;s oil and gas industry would rob Canadians of huge economic activity and opportunity for economic reconciliation with Indigenous communities.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html#toc3"><span data-contrast="none">According to</span></a><span data-contrast="auto"> the federal government, oil and gas supported nearly 600,000 jobs across Canada in 2020. This includes 178,500 “direct” jobs with oil and gas companies and 415,000 “indirect” jobs in supporting industries like engineering and manufacturing.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In addition to the concentration of jobs in oil and gas producing provinces, there are thousands of jobs in manufacturing, environmental, and financial services tied to the oil and gas industry, especially in Ontario and Quebec.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In 2020, the oil and gas industry generated $118 billion in GDP. Canada’s total GDP in 2020 was $1.65 trillion, indicating that the oil and gas sector accounted for about 7.2 per cent of the country’s economic activity.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">At the same time, Canada exported $86 billion worth of oil and gas in 2020, or 16 per cent of the country’s total exports. Of those shipments, 95 per cent went to the U.S.    </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Together, Canada’s oil sands and natural gas sectors are expected to contribute more than $640 billion to government revenues through 2050, according to </span><a href="https://www.canadianenergycentre.ca/category/research/"><span data-contrast="none">CEC research</span></a><span data-contrast="auto">. This helps pay for services like roads, schools and hospitals. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">These economic benefits would evaporate without Canadian oil and gas production. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="none">Fact: Canadian oil and gas projects benefit Indigenous communities</span></b><span data-contrast="none"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_11501" style="width: 2058px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/haisla-nation-taking-delivery-of-new-tugboats-as-lng-project-approved-to-proceed/celebrate/" rel="attachment wp-att-11501"><img aria-describedby="caption-attachment-11501" decoding="async" loading="lazy" class="size-full wp-image-11501" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818.jpg" alt="" width="2048" height="1152" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818.jpg 2048w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-1024x576.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-768x432.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/03/Celebrate-e1678992607818-1536x864.jpg 1536w" sizes="(max-width: 2048px) 100vw, 2048px" /></a><p id="caption-attachment-11501" class="wp-caption-text">Haisla Nation Chief Councillor Crystal Smith celebrates HaiSea Marine&#8217;s new tugboat fleet in Istanbul, Turkiye. Photo courtesy HaiSea Marine</p></div>
<p><span data-contrast="none">Indigenous businesses and communities are becoming increasingly important players in Canadian oil and gas, and that’s good for Canada and the world.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">“When Europeans, Asians and Americans think of Canada’s Indigenous peoples, they often think we oppose all energy development. We aren’t victims of development. Increasingly we are partners and even owners in major projects,” Haisla Nation Chief Councillor Crystal Smith said during a </span><a href="https://youtu.be/49YCVEJWRZw"><span data-contrast="none">press conference</span></a><span data-contrast="none"> in April. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">The Haisla Nation is 50 per cent owner of the proposed </span><a href="https://www.cedarlng.com/cedar-lng-receives-b-c-environmental-approval-and-signs-memorandum-of-understanding-with-arc-resources-ltd/?utm_source=WebPPL&amp;utm_medium=03142023PPL&amp;utm_campaign=CedarAppr&amp;utm_id=CedarAppr"><span data-contrast="none">Cedar LNG project</span></a><span data-contrast="none">, which would be the first Indigenous-owned LNG terminal in the world. The Haisla Nation views it as an opportunity to take ownership of industrial development on their lands and to use revenues to support local social, educational and health programs.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">It’s just one example of the growing role of Indigenous communities in Canadian energy.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Indigenous communities will have a stake in the LNG Canada project development as well, with 16 communities to acquire a </span><a href="https://www.coastalgaslink.com/whats-new/news-stories/2022/2022-03-10-indigenous-groups-sign-historic-equity-option-agreements-with-tc-energy-on-coastal-gaslink/"><span data-contrast="none">10% stake in the Coastal GasLink pipeline</span></a><span data-contrast="none"> once complete in 2023.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">In Alberta, 23 First Nation and Métis communities are now approximately </span><a href="https://www.enbridge.com/stories/2022/september/landmark-equity-pipeline-partnership-between-enbridge-and-23-indigenous-communities"><span data-contrast="none">12 per cent owners</span></a><span data-contrast="none"> of seven operating Enbridge oil sands pipelines, the largest Indigenous energy transaction ever in North America.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Since 2014, Indigenous employment in Canada’s oil and gas sector has increased by more than 20 per cent, reaching an estimated 10,400 jobs in 2020, </span><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html"><span data-contrast="none">according to</span></a><span data-contrast="none"> the federal government.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Together, three projects – the Trans Mountain Expansion, Coastal GasLink, and LNG Canada – have spent approximately $9 billion with Indigenous-owned and local businesses. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="none">Phasing out Canada’s oil and gas industry would remove these opportunities from Indigenous communities.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Engagement with oil and gas companies, not divestment, is viewed as the better choice </span></b><span data-contrast="auto"> </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<div id="attachment_5997" style="width: 1034px" class="wp-caption alignnone"><a href="https://www.canadianenergycentre.ca/oil-and-gas-divestment-hampers-path-to-emissions-reduction-new-canada-pension-fund-ceo/john_graham-cpp_investments-handout-1024x683-1/" rel="attachment wp-att-5997"><img aria-describedby="caption-attachment-5997" decoding="async" loading="lazy" class="size-full wp-image-5997" src="https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1.jpg" alt="" width="1024" height="683" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1-300x200.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2021/06/John_Graham-CPP_Investments-Handout-1024x683-1-768x512.jpg 768w" sizes="(max-width: 1024px) 100vw, 1024px" /></a><p id="caption-attachment-5997" class="wp-caption-text">John Graham, CEO of CPP Investments. Photo courtesy CPP Investments</p></div>
<p><span data-contrast="auto">Heavy hitters like the Canada Pension Plan Investment Board have no interest in blanket divesting from oil and gas companies.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to CEO John Graham, the critical task of reducing global emissions will require the skills of people inside these companies. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“If the goal is to actually remove carbon from the economy, then selling doesn’t achieve that. All selling does is sell to someone else who may not share the same values [and] may not have the same objective,” he has said.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“We continue to invest in oil and gas with a view that here we have a sector that understands energy; that understands how to get energy into people’s hands. Our view is to be an engaged owner/investor within the companies we invest in and express our expectation of a path towards net zero.” </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">It’s a view shared by Larry Fink, influential CEO of BlackRock Inc., the world’s largest asset management firm.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Nothing’s more greenwashing than divestiture, because it doesn’t change the footprint of the world,” Fink </span><a href="https://mitsloan.hosted.panopto.com/Panopto/Pages/Viewer.aspx?id=7d4b3b48-cca3-4a8e-8c00-adc801435b75"><span data-contrast="none">said</span></a><span data-contrast="auto"> in November 2021.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“We’re not going to get to this decarbonized world that we wish if we don’t invest in technologies and industry that rapidly change our carbonized world to a more decarbonized world. But it’s a lot more complex than just having a bunch of investors moving out of some hydrocarbon companies.”   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Now – and on the long-term road to a carbon neutral future – the world needs more Canadian oil and gas, not less. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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		<title>A Matter of Fact: Mark Ruffalo, Hollywood filmmakers wrong about Canadian energy, RBC</title>
		<link>https://www.canadianenergycentre.ca/a-matter-of-fact-mark-ruffalo-hollywood-filmmakers-wrong-about-canadian-energy-rbc/</link>
		
		<dc:creator><![CDATA[Deborah Jaremko]]></dc:creator>
		<pubDate>Wed, 13 Sep 2023 20:30:39 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Canadian Energy]]></category>
		<category><![CDATA[Cedar LNG]]></category>
		<category><![CDATA[Coastal GasLink]]></category>
		<category><![CDATA[Indigenous Ownership]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[LNG Canada]]></category>
		<category><![CDATA[Misinformation]]></category>
		<category><![CDATA[News]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=12718</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="1920" height="1080" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers.png" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers.png 1920w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-300x169.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-1024x576.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-768x432.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /><figcaption>(L-R): Hollywood actors Mark Ruffalo, Rachel McAdams and Joaquin Phoenix are pressuring TIFF to remove RBC as a sponsor because of the bank's support for Canadian oil and gas. Getty Images photos</figcaption></figure>
				<p><span data-contrast="auto">A group of Hollywood filmmakers including Mark Ruffalo, Joaquin Phoenix and Rachel McAdams is </span><a href="https://actionnetwork.org/forms/concerned-film-makers-speak-out-about-tiffs-rbc-sponsorship?source=twitter&amp;"><span data-contrast="none">calling on</span></a><span data-contrast="auto"> the Toronto International Film Festival (TIFF) to drop RBC as its main sponsor.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They say RBC is not a “<a href="https://deadline.com/2023/09/mark-ruffalo-adam-mckay-joaquin-phoenix-julianne-moore-rachel-mcadams-more-sign-open-letter-calling-on-tiff-to-drop-rbc-sponsor-1235544473/">worthy source of financing</a>” for Canadian film because of its ongoing support for Canadian oil and gas. They claim RBC is fueling climate change and disrespecting Indigenous rights. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They are wrong. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">RBC is helping fund climate solutions while enabling Indigenous self-determination and prosperity. And Indigenous communities do not want Hollywood to speak for them. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: RBC primarily funds Canadian oil and gas, and the world needs more Canadian oil and gas – not less</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The world’s growing population needs access to reliable, affordable, responsibly produced energy. And a lot more of it. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the United Nations, last November the global population reached </span><a href="https://www.un.org/en/global-issues/population#:~:text=The%20world%20population%20is%20projected,surrounding%20these%20latest%20population%20projections."><span data-contrast="none">8 billion people</span></a><span data-contrast="auto">, just over a decade after hitting the landmark 7 billion in 2011. Driven by India and China, the world’s population is projected to reach 8.5 billion in 2030 and 9.7 billion 2050. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">All those people need energy. Many don’t even have it today, with about </span><a href="https://www.iea.org/commentaries/for-the-first-time-in-decades-the-number-of-people-without-access-to-electricity-is-set-to-increase-in-2022"><span data-contrast="none">775 million</span></a><span data-contrast="auto"> without access to electricity last year, according to the International Energy Agency (IEA). </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even with accelerating investment in low carbon energy resources, the world’s consumption of oil, gas and coal is as high or higher than it has ever been, with both </span><a href="https://www.iea.org/reports/oil-market-report-august-2023"><span data-contrast="none">oil</span></a><span data-contrast="auto"> and </span><a href="https://www.iea.org/news/global-coal-demand-set-to-remain-at-record-levels-in-2023"><span data-contrast="none">coal</span></a><span data-contrast="auto"> demand reaching new records this year, the IEA reports. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The agency projects the world’s </span><a href="https://www.iea.org/reports/world-energy-outlook-2022"><span data-contrast="none">total energy consumption</span></a><span data-contrast="auto"> – which increased by 15 per cent over the last decade – will increase by a further 24 per cent by 2050. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">On the world’s current trajectory, the IEA says oil, gas and coal will account for 62 per cent of world energy supply in 2050, compared to 78 per cent in 2021. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">As IEA executive director Fatih Birol </span><a href="https://www.canadianenergycentre.ca/iea-boss-prefers-oil-and-gas-from-canada/"><span data-contrast="none">said last year</span></a><span data-contrast="auto">, “We will still need oil and gas for years to come… I prefer that oil is produced by countries like Canada who want to reduce the emissions of oil and gas.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada has been a cornerstone of global energy markets and a reliable partner for years, he said.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Coastal GasLink will help reduce emissions </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The Hollywood activists take issue with RBC’s funding of the </span><a href="https://www.coastalgaslink.com/"><span data-contrast="none">Coastal GasLink</span></a><span data-contrast="auto"> pipeline. This is nonsensical because the project can help reduce emissions in Asia. It also has the support of and is benefiting Indigenous communities. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">One of the fastest and most effective ways to reduce emissions is to switch from coal-fired power to power generated from natural gas, traded globally as LNG. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Consider that between 2005 and 2019, emissions from the U.S power sector dropped by 32 per cent because of coal-to-gas switching, </span><a href="https://www.eia.gov/todayinenergy/detail.php?id=48296"><span data-contrast="none">according to</span></a><span data-contrast="auto"> the U.S. Energy Information Administration. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The </span><a href="https://www.lngcanada.ca/"><span data-contrast="none">LNG Canada</span></a><span data-contrast="auto"> project – supplied with Canadian natural gas via Coastal GasLink – will have among the world’s lowest emissions intensity, at 0.15 per cent CO2 per tonne compared to the global average of 0.35 per cent CO2 per tonne, </span><a href="https://www.oxfordenergy.org/publications/canadian-lng-competitiveness/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> Oxford Energy Institute. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Natural gas from LNG Canada alone could reduce emissions in Asia by up to </span><a href="https://context.capp.ca/energy-matters/2022/lng-canada-construction-achieves-milestone/"><span data-contrast="none">90 million tonnes</span></a><span data-contrast="auto"> annually, or the equivalent of shutting down up to 60 Asian coal plants, the project says. That’s also a reduction of more than the entire emissions of the province of British Columbia, which were </span><a href="https://www2.gov.bc.ca/assets/gov/environment/climate-change/action/cleanbc/2022-ccar/2022_climate_change_accountability_report.pdf"><span data-contrast="none">64 million tonnes</span></a><span data-contrast="auto"> in 2022.  </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Expanding Canada’s LNG exports to Asia could reduce emissions by 188 million tonnes per year, or the annual equivalent of taking all internal combustion engine vehicles off Canadian roads, according to a </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">2022 study</span></a><span data-contrast="auto"> by Wood Mackenzie. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“It is a disservice to take the choice of Canadian LNG away from those that need it,” Billy Morin, former chief of the Enoch Cree Nation, said </span><a href="https://calgaryherald.com/opinion/columnists/opinion-natural-gas-and-lng-not-perfect-but-very-good"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Coastal GasLink benefits Indigenous communities</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The Coastal GasLink pipeline is enabling shared prosperity between Indigenous communities and Canada’s energy industry. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Not only will it connect to the LNG Canada terminal on the traditional lands of the Haisla Nation – where the project has been transformational for the community, </span><a href="https://www.canadianenergycentre.ca/b-c-first-nations-move-closer-to-realizing-lng-projects/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> Chief Councillor Crystal Smith – but it will also provide natural gas for the proposed </span><a href="https://www.cedarlng.com/"><span data-contrast="none">Cedar LNG</span></a><span data-contrast="auto"> project, in which the Haisla Nation is 50 per cent owner.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Cedar is not only important from a Haisla perspective, [but from] a global perspective,” </span><a href="https://www.canadianenergycentre.ca/haisla-chief-frustrated-waiting-on-regulatory-decision-for-cedar-lng/"><span data-contrast="none">Smith says</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Our territory is not in a bubble and protected from what is happening in Asia and India with coal burning.”</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Sixteen First Nations </span><a href="https://www.coastalgaslink.com/whats-new/news-stories/2022/2022-03-10-indigenous-groups-sign-historic-equity-option-agreements-with-tc-energy-on-coastal-gaslink/"><span data-contrast="none">will become 10 per cent owners</span></a><span data-contrast="auto"> of the Coastal GasLink pipeline itself once it is completed. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">And so far, LNG Canada and Coastal GasLink together have spent more than $5.7 billion with Indigenous-owned and local businesses.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“When there is foreign interference, especially from high-profile celebrities like Ruffalo, it sets us back. He does not think beyond the pipeline. He does not think beyond the cause of the day,” Indigenous policy analyst Melissa Mbarki wrote </span><a href="https://nationalpost.com/opinion/melissa-mbarki-mark-ruffalos-eco-colonialism-will-only-serve-to-keep-first-nations-impoverished"><span data-contrast="none">following a previous attack</span></a><span data-contrast="auto"> on Coastal GasLink by the actor.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Over the long term, such actions serve to drive away investment and keep Indigenous communities in poverty. We are dealing with so many social issues, including high rates of suicide, incarceration and homelessness. Speaking on our behalf is not the answer if you fail to acknowledge the entire story.”   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Indigenous communities speak with their own voices</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Ruffalo is a prominent activist against the Coastal GasLink pipeline, often spreading misinformation about the project’s relationship with Indigenous communities. But they are fighting back. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Hollywood celebrities from outside of Canada are actively campaigning against the Coastal GasLink project, claiming Indigenous People do not support it. However, 20 elected First Nations governments along the route do support it,” the Indigenous Resource Network said in a </span><a href="https://oneclickpolitics.global.ssl.fastly.net/messages/edit?promo_id=18209"><span data-contrast="none">statement last year</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Hollywood celebrities are standing in the way of us being able to make our own decisions. Their main goal is to push their agenda and use us as talking points; ultimately, communities are left to pick up the pieces.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Although their intentions may be to help Indigenous people in Canada, this can be best done by allowing our people to use their own voices. We are able to decide for ourselves what is best for ourselves and our communities.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The film industry has its own emissions to deal with</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Rather than campaign against Canadian energy projects that can help reduce emissions and foster prosperity for Indigenous communities, Hollywood film makers could be better served addressing the emissions in their own backyard. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.bfi.org.uk/news/screen-new-deal-sustainability-report"><span data-contrast="none">2020 study</span></a><span data-contrast="auto"> by the British Film Institute analyzing the emissions associated with producing movies in the U.S. and U.K. found that films with a budget of $70 million or over generate an average 2,840 tonnes of CO2 pollution.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Air travel alone to support a movie production of this scale generates equivalent emissions of flying one way from London to New York 150 times, BFI said. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

	]]></description>
										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="1920" height="1080" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers.png" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers.png 1920w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-300x169.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-1024x576.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-768x432.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/09/oil-and-gas-workers-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /><figcaption>(L-R): Hollywood actors Mark Ruffalo, Rachel McAdams and Joaquin Phoenix are pressuring TIFF to remove RBC as a sponsor because of the bank's support for Canadian oil and gas. Getty Images photos</figcaption></figure>
				<p><span data-contrast="auto">A group of Hollywood filmmakers including Mark Ruffalo, Joaquin Phoenix and Rachel McAdams is </span><a href="https://actionnetwork.org/forms/concerned-film-makers-speak-out-about-tiffs-rbc-sponsorship?source=twitter&amp;"><span data-contrast="none">calling on</span></a><span data-contrast="auto"> the Toronto International Film Festival (TIFF) to drop RBC as its main sponsor.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They say RBC is not a “<a href="https://deadline.com/2023/09/mark-ruffalo-adam-mckay-joaquin-phoenix-julianne-moore-rachel-mcadams-more-sign-open-letter-calling-on-tiff-to-drop-rbc-sponsor-1235544473/">worthy source of financing</a>” for Canadian film because of its ongoing support for Canadian oil and gas. They claim RBC is fueling climate change and disrespecting Indigenous rights. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">They are wrong. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">RBC is helping fund climate solutions while enabling Indigenous self-determination and prosperity. And Indigenous communities do not want Hollywood to speak for them. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: RBC primarily funds Canadian oil and gas, and the world needs more Canadian oil and gas – not less</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The world’s growing population needs access to reliable, affordable, responsibly produced energy. And a lot more of it. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the United Nations, last November the global population reached </span><a href="https://www.un.org/en/global-issues/population#:~:text=The%20world%20population%20is%20projected,surrounding%20these%20latest%20population%20projections."><span data-contrast="none">8 billion people</span></a><span data-contrast="auto">, just over a decade after hitting the landmark 7 billion in 2011. Driven by India and China, the world’s population is projected to reach 8.5 billion in 2030 and 9.7 billion 2050. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">All those people need energy. Many don’t even have it today, with about </span><a href="https://www.iea.org/commentaries/for-the-first-time-in-decades-the-number-of-people-without-access-to-electricity-is-set-to-increase-in-2022"><span data-contrast="none">775 million</span></a><span data-contrast="auto"> without access to electricity last year, according to the International Energy Agency (IEA). </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Even with accelerating investment in low carbon energy resources, the world’s consumption of oil, gas and coal is as high or higher than it has ever been, with both </span><a href="https://www.iea.org/reports/oil-market-report-august-2023"><span data-contrast="none">oil</span></a><span data-contrast="auto"> and </span><a href="https://www.iea.org/news/global-coal-demand-set-to-remain-at-record-levels-in-2023"><span data-contrast="none">coal</span></a><span data-contrast="auto"> demand reaching new records this year, the IEA reports. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The agency projects the world’s </span><a href="https://www.iea.org/reports/world-energy-outlook-2022"><span data-contrast="none">total energy consumption</span></a><span data-contrast="auto"> – which increased by 15 per cent over the last decade – will increase by a further 24 per cent by 2050. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">On the world’s current trajectory, the IEA says oil, gas and coal will account for 62 per cent of world energy supply in 2050, compared to 78 per cent in 2021. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">As IEA executive director Fatih Birol </span><a href="https://www.canadianenergycentre.ca/iea-boss-prefers-oil-and-gas-from-canada/"><span data-contrast="none">said last year</span></a><span data-contrast="auto">, “We will still need oil and gas for years to come… I prefer that oil is produced by countries like Canada who want to reduce the emissions of oil and gas.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada has been a cornerstone of global energy markets and a reliable partner for years, he said.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Coastal GasLink will help reduce emissions </span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The Hollywood activists take issue with RBC’s funding of the </span><a href="https://www.coastalgaslink.com/"><span data-contrast="none">Coastal GasLink</span></a><span data-contrast="auto"> pipeline. This is nonsensical because the project can help reduce emissions in Asia. It also has the support of and is benefiting Indigenous communities. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">One of the fastest and most effective ways to reduce emissions is to switch from coal-fired power to power generated from natural gas, traded globally as LNG. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Consider that between 2005 and 2019, emissions from the U.S power sector dropped by 32 per cent because of coal-to-gas switching, </span><a href="https://www.eia.gov/todayinenergy/detail.php?id=48296"><span data-contrast="none">according to</span></a><span data-contrast="auto"> the U.S. Energy Information Administration. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The </span><a href="https://www.lngcanada.ca/"><span data-contrast="none">LNG Canada</span></a><span data-contrast="auto"> project – supplied with Canadian natural gas via Coastal GasLink – will have among the world’s lowest emissions intensity, at 0.15 per cent CO2 per tonne compared to the global average of 0.35 per cent CO2 per tonne, </span><a href="https://www.oxfordenergy.org/publications/canadian-lng-competitiveness/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> Oxford Energy Institute. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Natural gas from LNG Canada alone could reduce emissions in Asia by up to </span><a href="https://context.capp.ca/energy-matters/2022/lng-canada-construction-achieves-milestone/"><span data-contrast="none">90 million tonnes</span></a><span data-contrast="auto"> annually, or the equivalent of shutting down up to 60 Asian coal plants, the project says. That’s also a reduction of more than the entire emissions of the province of British Columbia, which were </span><a href="https://www2.gov.bc.ca/assets/gov/environment/climate-change/action/cleanbc/2022-ccar/2022_climate_change_accountability_report.pdf"><span data-contrast="none">64 million tonnes</span></a><span data-contrast="auto"> in 2022.  </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Expanding Canada’s LNG exports to Asia could reduce emissions by 188 million tonnes per year, or the annual equivalent of taking all internal combustion engine vehicles off Canadian roads, according to a </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">2022 study</span></a><span data-contrast="auto"> by Wood Mackenzie. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“It is a disservice to take the choice of Canadian LNG away from those that need it,” Billy Morin, former chief of the Enoch Cree Nation, said </span><a href="https://calgaryherald.com/opinion/columnists/opinion-natural-gas-and-lng-not-perfect-but-very-good"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Coastal GasLink benefits Indigenous communities</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The Coastal GasLink pipeline is enabling shared prosperity between Indigenous communities and Canada’s energy industry. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Not only will it connect to the LNG Canada terminal on the traditional lands of the Haisla Nation – where the project has been transformational for the community, </span><a href="https://www.canadianenergycentre.ca/b-c-first-nations-move-closer-to-realizing-lng-projects/"><span data-contrast="none">according to</span></a><span data-contrast="auto"> Chief Councillor Crystal Smith – but it will also provide natural gas for the proposed </span><a href="https://www.cedarlng.com/"><span data-contrast="none">Cedar LNG</span></a><span data-contrast="auto"> project, in which the Haisla Nation is 50 per cent owner.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Cedar is not only important from a Haisla perspective, [but from] a global perspective,” </span><a href="https://www.canadianenergycentre.ca/haisla-chief-frustrated-waiting-on-regulatory-decision-for-cedar-lng/"><span data-contrast="none">Smith says</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Our territory is not in a bubble and protected from what is happening in Asia and India with coal burning.”</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Sixteen First Nations </span><a href="https://www.coastalgaslink.com/whats-new/news-stories/2022/2022-03-10-indigenous-groups-sign-historic-equity-option-agreements-with-tc-energy-on-coastal-gaslink/"><span data-contrast="none">will become 10 per cent owners</span></a><span data-contrast="auto"> of the Coastal GasLink pipeline itself once it is completed. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">And so far, LNG Canada and Coastal GasLink together have spent more than $5.7 billion with Indigenous-owned and local businesses.   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“When there is foreign interference, especially from high-profile celebrities like Ruffalo, it sets us back. He does not think beyond the pipeline. He does not think beyond the cause of the day,” Indigenous policy analyst Melissa Mbarki wrote </span><a href="https://nationalpost.com/opinion/melissa-mbarki-mark-ruffalos-eco-colonialism-will-only-serve-to-keep-first-nations-impoverished"><span data-contrast="none">following a previous attack</span></a><span data-contrast="auto"> on Coastal GasLink by the actor.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Over the long term, such actions serve to drive away investment and keep Indigenous communities in poverty. We are dealing with so many social issues, including high rates of suicide, incarceration and homelessness. Speaking on our behalf is not the answer if you fail to acknowledge the entire story.”   </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Indigenous communities speak with their own voices</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Ruffalo is a prominent activist against the Coastal GasLink pipeline, often spreading misinformation about the project’s relationship with Indigenous communities. But they are fighting back. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Hollywood celebrities from outside of Canada are actively campaigning against the Coastal GasLink project, claiming Indigenous People do not support it. However, 20 elected First Nations governments along the route do support it,” the Indigenous Resource Network said in a </span><a href="https://oneclickpolitics.global.ssl.fastly.net/messages/edit?promo_id=18209"><span data-contrast="none">statement last year</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Hollywood celebrities are standing in the way of us being able to make our own decisions. Their main goal is to push their agenda and use us as talking points; ultimately, communities are left to pick up the pieces.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“Although their intentions may be to help Indigenous people in Canada, this can be best done by allowing our people to use their own voices. We are able to decide for ourselves what is best for ourselves and our communities.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The film industry has its own emissions to deal with</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Rather than campaign against Canadian energy projects that can help reduce emissions and foster prosperity for Indigenous communities, Hollywood film makers could be better served addressing the emissions in their own backyard. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.bfi.org.uk/news/screen-new-deal-sustainability-report"><span data-contrast="none">2020 study</span></a><span data-contrast="auto"> by the British Film Institute analyzing the emissions associated with producing movies in the U.S. and U.K. found that films with a budget of $70 million or over generate an average 2,840 tonnes of CO2 pollution.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Air travel alone to support a movie production of this scale generates equivalent emissions of flying one way from London to New York 150 times, BFI said. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd.</span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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		<item>
		<title>A Matter of Fact: Environment Minister Steven Guilbeault’s future view of Canada’s oil and gas sector is unrealistic</title>
		<link>https://www.canadianenergycentre.ca/a-matter-of-fact-environment-minister-steven-guilbeaults-future-view-of-canadas-oil-and-gas-sector-is-unrealistic/</link>
		
		<dc:creator><![CDATA[Shawn Logan]]></dc:creator>
		<pubDate>Mon, 17 Jul 2023 22:05:11 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Canadian Energy]]></category>
		<category><![CDATA[emissions]]></category>
		<category><![CDATA[Energy crisis]]></category>
		<category><![CDATA[ESG Issues]]></category>
		<category><![CDATA[Global Energy]]></category>
		<category><![CDATA[Indigenous Ownership]]></category>
		<category><![CDATA[Latest]]></category>
		<category><![CDATA[LNG]]></category>
		<category><![CDATA[Natural Gas]]></category>
		<category><![CDATA[Oil sands]]></category>
		<category><![CDATA[Public Policy]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=12363</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="2560" height="1440" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196.jpg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-1024x576.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-768x432.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-1536x864.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-2048x1152.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption>Canadian Minister of the Environment and Climate Change, Steven Guilbeault, speaks at the China pavilion during the United Nations Conference of the Parties (COP15) in Montreal, Quebec, on December 14, 2022. Getty Images photo</figcaption></figure>
				<p><span data-contrast="auto">Federal Environment and Climate Change Minister Steven Guilbeault is continuing to plot a painful course toward a short-sighted phase out of Canada’s world class oil and gas sector based on an unrealistic view of world’s future energy mix.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In an </span><a href="https://www.euractiv.com/section/energy/interview/canadian-minister-fossil-fuels-must-be-phased-out-no-later-than-2050/"><span data-contrast="none">interview with Euractiv</span></a><span data-contrast="auto">, Guilbeault said he supports the phase out of unabated fossil fuels, those without the technology to minimize emissions, by 2050 to align with the International Energy Agency’s Net Zero Scenario, a path that is largely out of touch with the current global reality.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Based on that increasingly unlikely scenario, the minister said he anticipates Canada’s oil and gas sector will follow suit with a 50% to 75% reduction in the production of oil and gas by 2050, which would be devastating for our economy, hurt our economic allies, and make little to no progress towards reducing global emissions.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The IEA’s Net Zero Scenario is largely aspirational, not practical</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Guilbeault’s vision of a massive global reduction of fossil fuel usage is growing even less likely amid a lingering energy crisis prompted by several years of declining investment in oil and gas followed by Russia’s invasion of Ukraine.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The fact is, this year the world will use more oil and </span><a href="https://www.iea.org/news/the-world-s-coal-consumption-is-set-to-reach-a-new-high-in-2022-as-the-energy-crisis-shakes-markets"><span data-contrast="none">more coal</span></a><span data-contrast="auto"> than any time in human history.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the IEA’s latest </span><a href="https://www.iea.org/reports/oil-2023"><span data-contrast="none">short-term outlook</span></a><span data-contrast="auto">, global oil use will hit a </span><a href="https://www.iea.org/reports/oil-market-report-may-2023"><span data-contrast="none">record high</span></a><span data-contrast="auto"> of 102 million barrels per day this year and is expected to grow to 106 million barrels per day by 2028. Last week, OPEC forecasted that by 2045, global oil demand will reach </span><a href="https://www.cnbc.com/2023/06/26/opec-says-oil-demand-will-hit-110-million-barrels-per-day-in-2045.html"><span data-contrast="none">110 million barrels per day</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Meanwhile, demand for natural gas, particularly liquefied natural gas (LNG) is soaring.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">By 2040, global LNG demand – driven primarily by growing Asian economies – is expected to reach </span><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">700 million tonnes</span></a><span data-contrast="auto">, a more than 75 per cent increase from 2022. Demand for LNG is expected to outpace supply by the middle of this decade.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Relying on the IEA’s Net Zero scenario, Guilbeault said he believes oil use will decline to between 25-30 million barrels per day, a 75 per cent reduction. Rapid deployment of renewables, he said, would fill that void despite some significant hurdles that could hinder a sweeping transition. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The bottom line is pretty clear. In the IEA’s </span><a href="https://www.iea.org/reports/world-energy-outlook-2022"><span data-contrast="none">most likely scenario</span></a><span data-contrast="auto">, oil and gas will still account for 47 per cent of the global energy mix in 2050, a reduction of 5 per cent from 2021. While the share of renewables will more than double, it is still expected only to account for 29 per cent of the world’s energy mix in 2050.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: A rapid phase out of oil and gas would hurt Canada and its allies</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil and gas sector is a critical part of our economy, supporting hundreds of thousands of jobs from coast-to-coast, including thousands of jobs</span><span data-contrast="auto"> in manufacturing, environmental, and financial services tied to the industry, especially in Ontario and Quebec.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.theglobeandmail.com/business/article-oil-sands-cant-meet-federal-emissions-targets-without-production-cuts/"><span data-contrast="none">recent analysis</span></a><span data-contrast="auto"> by commodity data firm S&amp;P Global focused specifically on the oil sands suggests that efforts to meet federal emissions targets for 2030 would likely force the industry to slash production by up to 1.3 million barrels per day.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the analysis, that could result in the elimination of between 5,400 and 9,500 jobs. With just over 54,000 oil and gas extraction jobs in Canada, that would mean the elimination of as much as 17% of the workforce.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In addition to jobs, the industry is also an </span><a href="https://publications.gc.ca/collections/collection_2022/rncan-nrcan/M136-1-2022-eng.pdf"><span data-contrast="none">economic bulwark</span></a><span data-contrast="auto">, generating $168 billion in GDP in 2021, about 7.2 per cent of Canada’s economic activity. Oil and gas also accounted for nearly a third of Canada’s exports in 2021, injecting $140 billon into the economy.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Amid the ongoing global energy crisis, some of Canada’s international allies have turned to Canada to be a potential key supplier as they look for stable and responsible suppliers to replace Russian oil and gas.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The leaders of </span><a href="https://www.reuters.com/business/energy/winter-is-coming-germanys-scholz-leaves-canada-with-no-promises-lng-2022-08-25/"><span data-contrast="none">Germany</span></a><span data-contrast="auto"> and </span><a href="http://japan/"><span data-contrast="none">Japan</span></a><span data-contrast="auto"> made direct appeals to Canada to supply more LNG to help meet their energy needs.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Yamanouchi Kanji, Japan’s ambassador to Canada, made it clear that some of our Asian allies see Canada as a key player in the world’s future energy, particularly when it comes to LNG.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“The world is waiting for Canada,” he said </span><a href="https://www.canadianenergycentre.ca/the-world-is-waiting-for-canadian-lng-japan-south-korea-reps-say/"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">. “Canada can and should play a very important role to support the energy situation not only in Japan and South Korea, but the world.”</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Reducing global emissions starts with Canadian natural gas</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">If Canada is truly serious about tackling global greenhouse gas emissions, we could make a much bigger impact by supplying energy-hungry Asian countries with some of the cleanest LNG on the planet to replace coal.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Climate change is a global issue, not a local one.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Despite being one of the world’s largest energy producers, Canada is still only responsible for about </span><a href="https://www.canadianenergycentre.ca/canadas-ghg-emissions-intensity-record-since-2000-an-updated-2021-analysis/"><span data-contrast="none">1.6 per cent of total global emissions</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Developing Asian counties, particularly China, have turned to coal to help power their growing economies. A switch to natural gas to generate power reduces emissions by 50 per cent on average, according to the IEA. Canadian natural gas shipped as LNG could perform even better, reducing emissions from coal by about 65 per cent, according to </span><a href="https://energysecurefuture.ca/paper/canadas-lng-opportunity-a-value-proposition-worth-celebrating"><span data-contrast="none">Energy for a Secure Future</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">With analysts expecting world LNG demand to </span><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">double over the next two decades</span></a><span data-contrast="auto">, Canada could make a real measurable impact on lowering global emissions by unlocking its LNG potential.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">recent study</span></a><span data-contrast="auto"> by Wood Mackenzie found that Canadian LNG exports could reduce net emissions in Asia by 188 million tonnes per year through 2050. Put another way, that would be the annual equivalent of removing the emissions of all vehicles on Canadian roads, or wiping out nearly three time’s B.C.’s total emissions.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Meanwhile, a coalition of six companies representing 95 per cent of Canada’s oil sand production have </span><a href="https://pathwaysalliance.ca/"><span data-contrast="none">jointly committed</span></a><span data-contrast="auto"> to achieve net zero emissions by 2050. The Pathways Alliance is looking to harness emerging technology like carbon capture and storage as well as small modular nuclear reactors to reach that target.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The reality is that if Canada significantly curtails its oil and gas industry, other national producers, some of which lack Canada’s commitment to democratic ideals and the environment, will fill that void. This could see </span><a href="https://www.canadianenergycentre.ca/the-2021-tyranny-index-for-oil-and-gas/"><span data-contrast="none">bad actors</span></a><span data-contrast="auto"> like Russia continue to maintain a strategic and economic advantage over Europe by maintaining European reliance on its energy.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Phasing out oil and gas would hurt Indigenous communities</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Over the last decade, Indigenous communities have emerged as key players in Canada’s energy sector, allowing First Nations in many cases to create intergenerational opportunity for their people.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">From pipelines to LNG terminals, dozens of Indigenous communities have entered into ownership agreements on major oil and gas projects.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In B.C., 16 First Nations will acquire a </span><a href="http://10%20per%20cent%20stake/"><span data-contrast="none">10 per cent stake</span></a><span data-contrast="auto"> in the Coastal GasLink pipeline once it’s completed later this year. In Alberta, another 23 First Nation and </span><span data-contrast="auto">and Métis communities are now approximately </span><a href="https://www.enbridge.com/stories/2022/september/landmark-equity-pipeline-partnership-between-enbridge-and-23-indigenous-communities"><span data-contrast="none">12 per cent owners</span></a><span data-contrast="auto"> of seven operating Enbridge oil sands pipelines, the largest Indigenous energy transaction ever in North America.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">And in northwest B.C., the Haisla Nation is 50 per cent owner of the proposed Cedar LNG project, which would be the first Indigenous-owned LNG terminal in the world.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“When Europeans, Asians and Americans think of Canada’s Indigenous peoples, they often think we oppose all energy development. We aren’t victims of development. Increasingly we are partners and even owners in major projects,” Haisla Nation Chief Councillor Crystal Smith said during an April </span><a href="https://www.youtube.com/watch?v=49YCVEJWRZw"><span data-contrast="none">press conference</span></a><span data-contrast="auto"> after leading a delegation of Indigenous leaders to meet key international diplomats.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Indigenous employment in Canada’s oil and gas sector has </span><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html"><span data-contrast="none">continued to grow</span></a><span data-contrast="auto">, rising by more than 20 per cent since 2014 to reach an estimated 10,400 jobs in 2020.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Indigenous-owned businesses also benefit from the industry, with three major projects – the Trans Mountain Expansion, Coastal GasLink, and LNG Canada – spending some $9 billion with Indigenous- and locally-owned businesses.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd. </span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="2560" height="1440" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196.jpg 2560w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-300x169.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-1024x576.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-768x432.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-1536x864.jpg 1536w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/07/GettyImages-1245605515-scaled-e1689631230196-2048x1152.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption>Canadian Minister of the Environment and Climate Change, Steven Guilbeault, speaks at the China pavilion during the United Nations Conference of the Parties (COP15) in Montreal, Quebec, on December 14, 2022. Getty Images photo</figcaption></figure>
				<p><span data-contrast="auto">Federal Environment and Climate Change Minister Steven Guilbeault is continuing to plot a painful course toward a short-sighted phase out of Canada’s world class oil and gas sector based on an unrealistic view of world’s future energy mix.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In an </span><a href="https://www.euractiv.com/section/energy/interview/canadian-minister-fossil-fuels-must-be-phased-out-no-later-than-2050/"><span data-contrast="none">interview with Euractiv</span></a><span data-contrast="auto">, Guilbeault said he supports the phase out of unabated fossil fuels, those without the technology to minimize emissions, by 2050 to align with the International Energy Agency’s Net Zero Scenario, a path that is largely out of touch with the current global reality.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Based on that increasingly unlikely scenario, the minister said he anticipates Canada’s oil and gas sector will follow suit with a 50% to 75% reduction in the production of oil and gas by 2050, which would be devastating for our economy, hurt our economic allies, and make little to no progress towards reducing global emissions.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Here are the facts.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: The IEA’s Net Zero Scenario is largely aspirational, not practical</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Guilbeault’s vision of a massive global reduction of fossil fuel usage is growing even less likely amid a lingering energy crisis prompted by several years of declining investment in oil and gas followed by Russia’s invasion of Ukraine.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The fact is, this year the world will use more oil and </span><a href="https://www.iea.org/news/the-world-s-coal-consumption-is-set-to-reach-a-new-high-in-2022-as-the-energy-crisis-shakes-markets"><span data-contrast="none">more coal</span></a><span data-contrast="auto"> than any time in human history.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the IEA’s latest </span><a href="https://www.iea.org/reports/oil-2023"><span data-contrast="none">short-term outlook</span></a><span data-contrast="auto">, global oil use will hit a </span><a href="https://www.iea.org/reports/oil-market-report-may-2023"><span data-contrast="none">record high</span></a><span data-contrast="auto"> of 102 million barrels per day this year and is expected to grow to 106 million barrels per day by 2028. Last week, OPEC forecasted that by 2045, global oil demand will reach </span><a href="https://www.cnbc.com/2023/06/26/opec-says-oil-demand-will-hit-110-million-barrels-per-day-in-2045.html"><span data-contrast="none">110 million barrels per day</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Meanwhile, demand for natural gas, particularly liquefied natural gas (LNG) is soaring.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">By 2040, global LNG demand – driven primarily by growing Asian economies – is expected to reach </span><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">700 million tonnes</span></a><span data-contrast="auto">, a more than 75 per cent increase from 2022. Demand for LNG is expected to outpace supply by the middle of this decade.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Relying on the IEA’s Net Zero scenario, Guilbeault said he believes oil use will decline to between 25-30 million barrels per day, a 75 per cent reduction. Rapid deployment of renewables, he said, would fill that void despite some significant hurdles that could hinder a sweeping transition. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The bottom line is pretty clear. In the IEA’s </span><a href="https://www.iea.org/reports/world-energy-outlook-2022"><span data-contrast="none">most likely scenario</span></a><span data-contrast="auto">, oil and gas will still account for 47 per cent of the global energy mix in 2050, a reduction of 5 per cent from 2021. While the share of renewables will more than double, it is still expected only to account for 29 per cent of the world’s energy mix in 2050.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: A rapid phase out of oil and gas would hurt Canada and its allies</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Canada’s oil and gas sector is a critical part of our economy, supporting hundreds of thousands of jobs from coast-to-coast, including thousands of jobs</span><span data-contrast="auto"> in manufacturing, environmental, and financial services tied to the industry, especially in Ontario and Quebec.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.theglobeandmail.com/business/article-oil-sands-cant-meet-federal-emissions-targets-without-production-cuts/"><span data-contrast="none">recent analysis</span></a><span data-contrast="auto"> by commodity data firm S&amp;P Global focused specifically on the oil sands suggests that efforts to meet federal emissions targets for 2030 would likely force the industry to slash production by up to 1.3 million barrels per day.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">According to the analysis, that could result in the elimination of between 5,400 and 9,500 jobs. With just over 54,000 oil and gas extraction jobs in Canada, that would mean the elimination of as much as 17% of the workforce.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In addition to jobs, the industry is also an </span><a href="https://publications.gc.ca/collections/collection_2022/rncan-nrcan/M136-1-2022-eng.pdf"><span data-contrast="none">economic bulwark</span></a><span data-contrast="auto">, generating $168 billion in GDP in 2021, about 7.2 per cent of Canada’s economic activity. Oil and gas also accounted for nearly a third of Canada’s exports in 2021, injecting $140 billon into the economy.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Amid the ongoing global energy crisis, some of Canada’s international allies have turned to Canada to be a potential key supplier as they look for stable and responsible suppliers to replace Russian oil and gas.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The leaders of </span><a href="https://www.reuters.com/business/energy/winter-is-coming-germanys-scholz-leaves-canada-with-no-promises-lng-2022-08-25/"><span data-contrast="none">Germany</span></a><span data-contrast="auto"> and </span><a href="http://japan/"><span data-contrast="none">Japan</span></a><span data-contrast="auto"> made direct appeals to Canada to supply more LNG to help meet their energy needs.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Yamanouchi Kanji, Japan’s ambassador to Canada, made it clear that some of our Asian allies see Canada as a key player in the world’s future energy, particularly when it comes to LNG.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“The world is waiting for Canada,” he said </span><a href="https://www.canadianenergycentre.ca/the-world-is-waiting-for-canadian-lng-japan-south-korea-reps-say/"><span data-contrast="none">earlier this year</span></a><span data-contrast="auto">. “Canada can and should play a very important role to support the energy situation not only in Japan and South Korea, but the world.”</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Reducing global emissions starts with Canadian natural gas</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">If Canada is truly serious about tackling global greenhouse gas emissions, we could make a much bigger impact by supplying energy-hungry Asian countries with some of the cleanest LNG on the planet to replace coal.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Climate change is a global issue, not a local one.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Despite being one of the world’s largest energy producers, Canada is still only responsible for about </span><a href="https://www.canadianenergycentre.ca/canadas-ghg-emissions-intensity-record-since-2000-an-updated-2021-analysis/"><span data-contrast="none">1.6 per cent of total global emissions</span></a><span data-contrast="auto">. </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Developing Asian counties, particularly China, have turned to coal to help power their growing economies. A switch to natural gas to generate power reduces emissions by 50 per cent on average, according to the IEA. Canadian natural gas shipped as LNG could perform even better, reducing emissions from coal by about 65 per cent, according to </span><a href="https://energysecurefuture.ca/paper/canadas-lng-opportunity-a-value-proposition-worth-celebrating"><span data-contrast="none">Energy for a Secure Future</span></a><span data-contrast="auto">.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">With analysts expecting world LNG demand to </span><a href="https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng/lng-outlook-2023.html#download-the-shell-lng-outlook-2023=&amp;iframe=L3dlYmFwcHMvTE5HX291dGxvb2tfMjAyMy8"><span data-contrast="none">double over the next two decades</span></a><span data-contrast="auto">, Canada could make a real measurable impact on lowering global emissions by unlocking its LNG potential.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">A </span><a href="https://www.canadianenergycentre.ca/report-confirms-asia-can-reduce-emissions-with-canadian-lng/"><span data-contrast="none">recent study</span></a><span data-contrast="auto"> by Wood Mackenzie found that Canadian LNG exports could reduce net emissions in Asia by 188 million tonnes per year through 2050. Put another way, that would be the annual equivalent of removing the emissions of all vehicles on Canadian roads, or wiping out nearly three time’s B.C.’s total emissions.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Meanwhile, a coalition of six companies representing 95 per cent of Canada’s oil sand production have </span><a href="https://pathwaysalliance.ca/"><span data-contrast="none">jointly committed</span></a><span data-contrast="auto"> to achieve net zero emissions by 2050. The Pathways Alliance is looking to harness emerging technology like carbon capture and storage as well as small modular nuclear reactors to reach that target.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">The reality is that if Canada significantly curtails its oil and gas industry, other national producers, some of which lack Canada’s commitment to democratic ideals and the environment, will fill that void. This could see </span><a href="https://www.canadianenergycentre.ca/the-2021-tyranny-index-for-oil-and-gas/"><span data-contrast="none">bad actors</span></a><span data-contrast="auto"> like Russia continue to maintain a strategic and economic advantage over Europe by maintaining European reliance on its energy.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><span data-contrast="auto">Fact: Phasing out oil and gas would hurt Indigenous communities</span></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Over the last decade, Indigenous communities have emerged as key players in Canada’s energy sector, allowing First Nations in many cases to create intergenerational opportunity for their people.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">From pipelines to LNG terminals, dozens of Indigenous communities have entered into ownership agreements on major oil and gas projects.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">In B.C., 16 First Nations will acquire a </span><a href="http://10%20per%20cent%20stake/"><span data-contrast="none">10 per cent stake</span></a><span data-contrast="auto"> in the Coastal GasLink pipeline once it’s completed later this year. In Alberta, another 23 First Nation and </span><span data-contrast="auto">and Métis communities are now approximately </span><a href="https://www.enbridge.com/stories/2022/september/landmark-equity-pipeline-partnership-between-enbridge-and-23-indigenous-communities"><span data-contrast="none">12 per cent owners</span></a><span data-contrast="auto"> of seven operating Enbridge oil sands pipelines, the largest Indigenous energy transaction ever in North America.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">And in northwest B.C., the Haisla Nation is 50 per cent owner of the proposed Cedar LNG project, which would be the first Indigenous-owned LNG terminal in the world.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">“When Europeans, Asians and Americans think of Canada’s Indigenous peoples, they often think we oppose all energy development. We aren’t victims of development. Increasingly we are partners and even owners in major projects,” Haisla Nation Chief Councillor Crystal Smith said during an April </span><a href="https://www.youtube.com/watch?v=49YCVEJWRZw"><span data-contrast="none">press conference</span></a><span data-contrast="auto"> after leading a delegation of Indigenous leaders to meet key international diplomats.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Indigenous employment in Canada’s oil and gas sector has </span><a href="https://www.canada.ca/en/services/environment/weather/climatechange/climate-plan/oil-gas-emissions-cap/options-discussion-paper.html"><span data-contrast="none">continued to grow</span></a><span data-contrast="auto">, rising by more than 20 per cent since 2014 to reach an estimated 10,400 jobs in 2020.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><span data-contrast="auto">Indigenous-owned businesses also benefit from the industry, with three major projects – the Trans Mountain Expansion, Coastal GasLink, and LNG Canada – spending some $9 billion with Indigenous- and locally-owned businesses.  </span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>
<p><b><i><span data-contrast="auto">The unaltered reproduction of this content is free of charge with attribution to Canadian Energy Centre Ltd. </span></i></b><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p>

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		<title>GRAPHIC: Investors are saying no to oil and gas divestment</title>
		<link>https://www.canadianenergycentre.ca/graphic-investors-are-saying-no-to-oil-and-gas-development/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Mon, 23 Jan 2023 23:01:04 +0000</pubDate>
				<category><![CDATA[Economy Graphics]]></category>
		<category><![CDATA[Matter of Fact]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=10913</guid>

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		<title>GRAPHIC: Project completion status</title>
		<link>https://www.canadianenergycentre.ca/graphic-project-completion-status/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Mon, 23 Jan 2023 22:33:11 +0000</pubDate>
				<category><![CDATA[Economy Graphics]]></category>
		<category><![CDATA[Matter of Fact]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=10902</guid>

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										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="1080" height="1080" src="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2.jpg 1080w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2-300x300.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2-1024x1024.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2-150x150.jpg 150w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2-768x768.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2023/01/CEC_Completion-Milestones_2-70x70.jpg 70w" sizes="(max-width: 1080px) 100vw, 1080px" /></figure>
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<img
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sizes="( min-width: 1190px ) calc( ( 8 * 30px ) + ( 9 * ( ( ( 1190px - 80px ) - 330px ) / 12 ) ) ), ( min-width: 1024px ) calc( ( 8 * 30px ) + ( 9 * ( ( ( 100vw - 80px ) - 330px ) / 12 ) ) ), ( min-width: 768px ) calc( ( 9 * 20px ) + ( 10 * ( ( ( 100vw - 72px ) - 180px ) / 10 ) ) ), calc( ( 5 * 11px ) + ( 6 * ( ( ( 100vw - 50px ) - 55px ) / 6 ) ) )"
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		<item>
		<title>GRAPHIC: Oil and gas supports 600,000 jobs</title>
		<link>https://www.canadianenergycentre.ca/graphic-oil-and-gas-supports-600000-jobs/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Wed, 21 Sep 2022 18:39:19 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Media Gallery]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=9654</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="1500" height="1500" src="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020.png" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020.png 1500w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-300x300.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-1024x1024.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-150x150.png 150w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-768x768.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-70x70.png 70w" sizes="(max-width: 1500px) 100vw, 1500px" /></figure>
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alt="">
	
					</figure>
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										<content:encoded><![CDATA[<figure class="post-thumbnail"><img width="1500" height="1500" src="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020.png" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020.png 1500w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-300x300.png 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-1024x1024.png 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-150x150.png 150w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-768x768.png 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Fact-og-jobs-2020-70x70.png 70w" sizes="(max-width: 1500px) 100vw, 1500px" /></figure>
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<img
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		<item>
		<title>GRAPHIC: Reality check &#8211; divesting from oil and gas</title>
		<link>https://www.canadianenergycentre.ca/graphic-reality-check-divesting-from-oil-and-gas/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Wed, 21 Sep 2022 18:33:47 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Media Gallery]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=9645</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="1080" height="1350" src="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Reality-Check-divest-from-og.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Reality-Check-divest-from-og.jpg 1080w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Reality-Check-divest-from-og-240x300.jpg 240w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Reality-Check-divest-from-og-819x1024.jpg 819w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/Reality-Check-divest-from-og-768x960.jpg 768w" sizes="(max-width: 1080px) 100vw, 1080px" /></figure>
						<figure class="image-block">
			
			
		
		
		
		
		
		
		
		

			
					
																																																																																												
										

			
			

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						<figure class="image-block">
			
			
		
		
		
		
		
		
		
		

			
					
																																																																																												
										

			
			

<img
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		<item>
		<title>GRAPHIC: Canadian LNG emissions intensity</title>
		<link>https://www.canadianenergycentre.ca/graphic-canadian-lng-emissions-intensity/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Wed, 21 Sep 2022 18:32:57 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Media Gallery]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=9643</guid>

					<description><![CDATA[<figure class="post-thumbnail"><img width="1080" height="1080" src="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact.jpg 1080w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact-300x300.jpg 300w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact-1024x1024.jpg 1024w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact-150x150.jpg 150w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact-768x768.jpg 768w, https://www.canadianenergycentre.ca/wp-content/uploads/2022/09/LNG-Fact-70x70.jpg 70w" sizes="(max-width: 1080px) 100vw, 1080px" /></figure>
						<figure class="image-block">
			
			
		
		
		
		
		
		
		
		

			
					
																																																																																												
										

			
			

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						<figure class="image-block">
			
			
		
		
		
		
		
		
		
		

			
					
																																																																																												
										

			
			

<img
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		<title>GRAPHIC: World needs responsible energy</title>
		<link>https://www.canadianenergycentre.ca/graphic-world-needs-responsible-energy/</link>
		
		<dc:creator><![CDATA[CEC Staff]]></dc:creator>
		<pubDate>Wed, 21 Sep 2022 18:31:57 +0000</pubDate>
				<category><![CDATA[Matter of Fact]]></category>
		<category><![CDATA[Media Gallery]]></category>
		<guid isPermaLink="false">https://www.canadianenergycentre.ca/?p=9641</guid>

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