'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.”
Canada’s greenhouse gas emissions rose 2.8% in 2021, and fossil fuels accounted for more than half of the total, according to an “early estimate” released today by the Canadian Climate Institute (CCI).
The Institute’s analysis shows emissions continuing to “decouple” from GDP, so that each unit of economic activity produces less climate pollution. But the country’s total greenhouse gas output increased by 19 million tonnes, to a total of 691 megatonnes, in a year when the economy was just beginning to restart after the COVID-19 pandemic.
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.
Not so long ago, on Valentines Day 1899, on a planet quite different from our own, the crew of the Belgica finally cut their ship free of Antarctic ice. The ice was seven feet thick and it would take another full month to chop and blast their way to open water. The sailors had been trapped in the ice for 13 months.
Among the crew was a certain Roald Amundsen, as well as the photographer Frederick Cook. As ice gripped the Belgica in 1898, Cook wrote in his diary:
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.”
