The green energy revolution is redrawing the lines of the global geopolitical map and China is fighting to come out on top. While other energy superpowers such as the United States, Saudi Arabia, and Russia have clung to their prodigious oil and gas industries to varying degrees, China has gone all-in on establishing their own energy security and independence, a large portion of which will soon be sourced from clean energy resources.
Comments from a recent energy industry conference reveal major financiers of fossil fuels view environmental and social investing concerns as a trend to “inoculate” against but not a long-term threat to the industry.
“I kind of remind people, I personally think oil is a renewable, it just takes a little bit longer,” said Mari Salazar, senior vice president and manager of Energy Financial Services for BOK Financial, an Oklahoma-based bank that caters to the oil and gas industry.
A group of doctors erected a massive billboard near the entrance to the Tsawwassen Ferry Terminal this week. It shows a woman sucking on an inhaler in the lee of an LNG facility.
A group of doctors and nurses have launched an aggressive billboard campaign targeting BC Ferries for burning liquefied natural gas — or LNG — a largely methane mixture they say is threatening human health and the world’s climate system.
Enbridge is funding police who have violently responded to protests of its Line 3 pipeline.
A Canadian Oil company has given Minnesota law enforcement $2 million to fund the policing of protests against construction of its pipeline, Motherboard has learned.
From Oregon in the United States, to Antalya and Bodrum in Turkey, to some of the coldest areas of Siberia, in the last month wildfires have been devastating thousands of acres amidst temperatures above 40°C. The flip side of this has been simultaneously catastrophic floods in Germany and China. As this article was being prepared, wildfires threatened to ignited huge coal stocks at the Milas power station in Turkey.
Several proposed LNG projects in Canada promise carbon neutrality for their gas exports. But the claims lack detail and appear mostly designed to defang opposition to the gas rush.
Under growing pressure to rein in greenhouse gas emissions, developers of liquefied natural gas (LNG) are turning to questionable claims about “carbon neutrality,” “net-zero,” or “green LNG,” in order to pass muster with governments, investors, and society, who are becoming increasingly anxious about the climate crisis.
In recent weeks and months, the Liberal government has made one large transit announcement after another. It is clear that election time is on the horizon.
A lot of these announcements around new projects are welcome too for if we are going to expand our transit system, we need to have reliable capital dollars to do it. One thing has been made abundantly clear throughout this pandemic: money for projects alone is not enough. Transit systems need funding for operations too.
