Cutting emissions from Canada’s oil sands by 40 per cent will cost between $45-billion and $65-billion from 2024 through 2030, according to a new analysis.
While the new report from Royal Bank of Canada found that Canada’s oil and gas sector can indeed balance near-term energy security with advancing climate action, the sector will need regulatory certainty and support at all levels of government to do so.
It’s been clear for some time now that Canadian oil and gas advocates will do almost anything to get new pipelines built, from spinning stories about the “ethics” of our oil to weaponizing the economic insecurity of Indigenous communities. But they plumbed new depths of depravity with their willingness to treat the crisis in Ukraine as an opportunity to push, yet again, for projects like Keystone XL and Energy East.
Climate change is already threatening everyone on the planet.
For everyone alive today, this is an inescapable truth. We are on a road to extinction. Until we bring greenhouse gas emissions down to zero everywhere in the world, the planet will continue to warm. The only question is, how long will we stay on this path?
Global methane emissions from the energy sector are about 70 per cent higher than reported by official data, according to new analysis from the International Energy Agency (IEA).
One campaigner called on Canada's government to instead "put all of our energy and political will into a just transition that leaves fossil fuels in the ground and supports people, communities, and workers."
Climate activists on Friday renewed calls for canceling the expansion of the Trans Mountain oil pipeline after the Canadian government responded to the project's soaring cost by pledging not to put any more public money into it.
[I can't help wondering if this is a maneuver to rush indigenous investor groups into the "partnership"-- groups that Trudeau and Freeland will be happy to lend money to.