Eriel Tchekwie Deranger’s home community of Athabasca Chipewyan First Nation is in what she calls a “sacrifice zone.” The nation borders the oil production epicentre of Canada: the oilsands, which leak toxic chemicals and wreak havoc on local ecosystems.
Canada's failure to reduce climate pollution has left us far behind most of our peer nations. The primary cause of this failure has been surging emissions from our oil and gas industry. Unfortunately, it’s not the only Canadian sector with stubbornly rising emissions.
Extensive research conducted in the early 1990s yielded a practical solution to the climate crisis that would have averted the mushrooming environmental havoc the world faces today, says journalist Geoff Dembicki—but it was buried by Imperial Oil, using a canary-in-the-coal mine report to launch a disinformation campaign that effectively blocked early mitigation of the crisis.
This is among many shocking, yet unsurprising, revelations from Dembicki’s new book, The Petroleum Papers: Inside the Far-Right Conspiracy to Cover Up Climate Change.
Amidst a boom in fossil fuel lobbyist attendance, Canada is doing the bidding of oil and gas companies at the UN summit in Egypt
As delegates walked into the Canada Pavilion at the United Nations climate summit last week, we were met with a shocking surprise: at least eight confirmed oil and gas lobbyists with Canadian-government sponsored badges.
Canadian companies are helping drive a wave of fossil fuel expansion in Africa, new data from German climate and human rights group Urgewald shows, and climate advocates say the federal government must step in with strong regulations to turn the tide.
Hundreds of fossil fuel lobbyists including at least a dozen from Canada are in Sharm El-Sheikh, Egypt for this year’s United Nations’ climate conference, a data analysis from Corporate Accountability, Corporate Europe Observatory and Global Witness reveals.
Canada’s benchmark heavy crude, Western Canada Select (WCS), is trading at a steep discount to West Texas Intermediate (WTI) after weakening sharply last month, and is expected to remain subdued well into next year.
Why is WCS under pressure?
WCS for delivery at the Hardisty, Alberta, hub is trading close to $30 a barrel under WTI, having averaged $16.67 a barrel below WTI for the first three quarters of 2022.
The world’s seven biggest oil firms are projected to reap gargantuan profits of US$173 billion this year, leading to fresh calls for windfall taxes on a sector that has thrived after Russia’s war in Ukraine led to sky-high fuel prices.
