'Feels pretty good': Oil and gas investment in Canada to hit $40 billion in 2023, CAPP says
Up 11 per cent from last year, but still well off levels in 2014 when oil prices last boomed
CALGARY — Investment in oil and gas production in Canada will jump by 11 per cent to hit $40 billion in 2023, the country’s largest fossil fuel industry group said Wednesday.
Last July, the city of Vancouver pledged $1 per resident to bring a class-action lawsuit against the largest oil companies, but those funds are nowhere to be found in the 2023 budget.
In 1988, scientists working for the oil giant Shell wrote in an internal memo that the burning of fossil fuels, if unchecked, would lead to changes to sea level and weather “larger than any that have occurred over the past 12,000 years.”
PRINCE GEORGE, BC - February 28, 2023: A dozen Wet’suwet’en land defenders and supporters have applied to the Supreme Court of British Columbia to have criminal contempt charges stayed in light of widespread Charter violations stemming from police misconduct.
Fossil fuel giant Enbridge faces the risk of a “death spiral” as the energy transition to renewables unfolds, according to evidence the company filed with the Ontario regulator. A death spiral could occur when customers, fed up with the increasing costs of gas, switch to cleaner and cheaper sources of energy.
Trans Mountain Corporation purchased carbon credits from a tiny, non-functioning Alberta startup proposing to produce seaweed-based additives that reduce methane emissions from cows, Canada's National Observer has found.
Canada will not renew licences for open-net Atlantic salmon farms, citing risks to wild salmon
Fisheries Minister Joyce Murray has announced the federal government will not renew licences for 15 open-net Atlantic salmon farms around British Columbia’s Discovery Islands.
Murray says in a news release the Discovery Islands area is a key migration route for wild salmon where narrow passages bring migrating juvenile salmon into close contact with the farms.
Katzie claim work at two sites, one in Maple Ridge, being done without proper consultation
Katzie First Nation has ordered the Trans Mountain Corporation to immediately stop all work on its territory.
The First Nation claims the oil pipeline corporation is undertaking work in two of Katzie’s unceded village sites, – one in Langley and one in Maple Ridge – “without adequate notice, consultation, or opportunity to monitor works in accordance with project conditions.”
