Oil - Pipelines

Canadian banks, insurers pour nearly $2 billion into new fossil fuel projects in Africa

16/11/22

Author:

John Woodside

Link:

In 2014, the Okavango Delta was added to the UNESCO World Heritage sites due to its ecological and cultural significance to the San people. Photo by Photo by Roger Brown / Pexels

Nov. 15, 2022

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.

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Oil and gas lobbyists flood climate conference in shockingly large numbers

14/11/22

Author:

John Woodside & Natasha Bulowski

Link:

National Observer

Nov. 10, 2022

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.

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Canadian Heavy Crude Taking Market Dive

11/11/22

Author:

Nia Williams

Link:

The Globe and Mail

An oil worker holds raw oilsands near Fort McMurray, Alta., July 9, 2008. The difference between the price of Western Canada Select (WCS) — an oilsands bitumen blend — and New York-traded West Texas Intermediate (WTI) has widened dramatically in October, to more than US$25 per barrel, according to a Scotiabank report. THE CANADIAN PRESS/Jeff McIntosh

Dec. 10, 2022

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.

A number of factors are to blame.

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Oil Profits Set to Soar Past $173 Billion This Year

01/11/22

Author:

Compiled by Gaye Taylor and Farida Hussain

Link:

The Energy Mix

North Sea Oil Platform - GFDL/Wikimedia Commons

Oct. 31, 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.

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Anjali Appadurai in her own words

30/10/22

Author:

Anjali Appadurai

Link:

Canadian Dimension

Anjali Appadurai meets with supporters in Lakeside Park, Nelson, BC, August 30, 2022. Photo by Bill Metcalfe.

Oct. 25, 2022

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Do you trust Coastal GasLink to protect our environment?

27/10/22

Author:

Amanda Follett Hosgood

Link:

The Tyee

The Anzac River used to run clear, according to an environmental group. But this 2020 photo shows sedimentation following logging in the area. The group fears work on the Coastal GasLink pipeline could make things worse. Photo from Conservation North.

Oct. 27, 2022

Confusion Swirls Around CGL’s Environmental Risks

BC ordered Coastal GasLink to ‘cease’ variations from approved work plans. The company insists it hasn’t broken any rules.

Coastal GasLink maintains it’s not in violation of a compliance agreement it signed with the province aimed at reducing watershed damage along its pipeline route.

But the B.C. government ordered it to “cease” activities that violate the agreement on Oct. 14.

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Wicked Leaks – Part 1: How The Media Quarantined Evidence On Nord Stream Sabotage

27/10/22

Author:

Media lens

Link:

Media lens

Oct. 26, 2022

Last week, Alex Nunns, author of ‘The Candidate – Jeremy Corbyn’s Improbable Path To Power’ and former Corbyn speechwriter, described the current assault on democracy within the Labour Party:

‘What’s happening in the Labour Party is new. The Labour right, having had the shock of their lives in 2015, are now intent on eradicating the left entirely. This isn’t how their predecessors thought. It’s a new departure in Labour history that’ll have long term consequences.’

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Big Insurers Turn Their Backs on Coal, Oil and Gas

26/10/22

Author:

Primary Author: Frank Jordans

Link:

The Energy Mix

Trans Mountain construction - CTV News/Twitter

Oct. 23, 2022

Insurance companies that have long said they’ll cover anything, at the right price, are increasingly ruling out fossil fuel projects because of climate change—to cheers from environmental campaigners.

More than a dozen groups that track what policies insurers have on high-emissions activities say the industry is turning its back on oil, gas, and coal, The Associated Press reports.

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Industry Carbon-Capture Steamroller Could Crush BC First Nations

26/10/22

Author:

Donald Gutstein

Link:

The Tyee

Saskatchewan’s Boundary Dam 3 carbon capture and storage facility is one of three major CCS projects in Canada, and has consistently failed to meet its targets. Photo from SaskPower.

Oct. 26, 2022

Corporations, the province and allies like the Fraser Institute are pushing ahead with a flawed alternative to greener energy.

Big Oil and supportive governments have stalled action on climate change for so long that, as the clock ticks toward catastrophe, one of the last hopes is the expensive and unproven technology of carbon capture and storage, or CCS.

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'Alternative' energy and less energy