Will Canada bet on the wrong solution to Europe’s energy crisis?

24/08/22
Author: 
Rob Miller
Europe and Canada need to invest in the energy transition, not new fossil fuel infrastructure that will start becoming stranded assets over the next 10 to 15 years. Photo by Lemon Pepper Pictures/Unsplash

Aug. 23, 2022

The Public Policy Forum (PPF) is an independent, non-profit Canadian think tank that aims to “serve as a neutral, independent forum for open dialogue on public policy.” It recently released a report promoting Canada’s “low-carbon” natural gas after hosting a “high-level gas summit” last March. Last week in an opinion piece for one of Canada’s leading newspapers, it chastised Canada for not developing more natural gas for export to Europe.

It is no surprise that PPF is promoting policy to expand Canada’s natural gas industry. A quick look at its membership list reveals that the forum is widely populated by fossil fuel organizations including CNR, Cenovus, Enbridge, MEG Energy, TC Energy, Imperial Oil, Petronas, Suncor, and the Canadian LNG Alliance. There’s nothing wrong with non-profits lobbying the public on behalf of their supporters, but unfortunately, not many readers of its recent op-ed will take the time to see who is behind the message.

Former Globe and Mail editor-in-chief and PPF CEO Edward Greenspon and his team make some valid points regarding the economic opportunity that presents itself due to Europe’s natural gas shortage at the hands of Putin and his oil-igarchs. But let us not forget that this fossil fuel crisis is a short-term problem, unless you believe the war in Ukraine will continue for years to come. In order to export more natural gas, Canada will need to invest in more fossil fuel infrastructure, such as new wells, pipelines and LNG terminals. This kind of infrastructure requires massive investment and years to build out. We will not be solving Germany’s energy crisis in six months' time.

As the climate continues to warm and have its own impact on the world’s ability to produce electricity, Europe and Canada need to invest in the energy transition, not new fossil fuel infrastructure that will start becoming stranded assets over the next 10 to 15 years.

Canada is already building LNG facilities on the West Coast and a pipeline to supply them, but energy companies and their boosters are insatiable. They will use this moment in time to convince Canadians that the world needs as much natural gas as we can provide, and then some more.

That is clearly not what this world needs in the midst of a climate crisis where the repair, adaptation and mitigation costs are escalating due to heat waves, floods, wildfires, drought and extreme weather events.

Public money is far better invested in building the new economy with clean energy sources, rather than spending billions on the final years of a fossil fuel industry that has no long-term future. Clearly, oil and gas has been wonderful for Canada and the world, allowing us to enjoy lifestyles and food security that wouldn’t have been possible without this cheap and abundant energy.

But we now know there is a serious problem with the emissions coming from this industry. The costs associated with climate change are becoming glaringly apparent, and they will only continue to increase as global temperatures rise.

The fossil fuel industry is no longer a great investment for the future, but fossil fuel corporations will do everything in their power to save their business and deny the fact that we have no choice but to embark on a transition to cleaner energy.

In the current environment, why would Canada want to help increase the production of fossil fuels when the vast majority of nations have committed to net-zero by 2050?

Emissions need to start coming down as soon as possible and many nations have strong interim reduction targets to hit by 2035.

Opinion: Europe and Canada need to invest in the energy transition, not new fossil fuel infrastructure that will start becoming stranded assets over the next 10 to 15 years, writes Rob Miller. @winexus - Twitter

 

Let’s not bet on the failure of a global climate agreement that most people realize will have to happen in order to prevent extreme hardship for future generations.

Rob Miller is a retired systems engineer, formerly with General Dynamics Canada, who now volunteers with the Calgary Climate Hub and writes on behalf of Eco-Elders for Climate Action. As a climate activist, he works to stop old-growth logging in B.C., reject coal mining on Alberta’s eastern slopes, facilitate community involvement in urban afforestation, and advocate for renewable energy. Miller uses a “systems-thinking” approach to learn, understand, and defend the ecosystems that are under threat by climate change and unrestrained resource development. He lives in Calgary.

[Top photo: Europe and Canada need to invest in the energy transition, not new fossil fuel infrastructure that will start becoming stranded assets over the next 10 to 15 years. Photo by Lemon Pepper Pictures/Unsplash]