Scotiabank Doesn’t Just Fund Billions In Fossil Fuels – It Funds Anti-Climate Lobbying – Environmental Defence: among the big 5, Scotiabank stands out as funding anti-climate lobbying in Canada by being the only big bank that has an Associate Membership in the Canadian Association of Petroleum Producers (CAPP).

We’ve written before about how CAPP lobbies against climate action in Canada, including trying to take advantage of COVID to advocate for environmental rollbacks. Even French oil giant Total withdrew from CAPP, citing a “misalignment” between the organization’s public positions and those of Total.

Scotiabank Doesn’t Just Fund Billions In Fossil Fuels – It Funds Anti-Climate Lobbying – Environmental Defence: among the big 5, Scotiabank stands out as funding anti-climate lobbying in Canada by being the only big bank that has an Associate Membership in the Canadian Association of Petroleum Producers (CAPP).We’ve written before about how CAPP lobbies against climate action in Canada, including trying to take advantage of COVID to advocate for environmental rollbacks. Even French oil giant Total withdrew from CAPP, citing a “misalignment” between the organization’s public positions and those of Total.Read More

Only quick shift to ‘net zero’ emissions will boost GDP: report: “If these changes occur in an orderly fashion, the scenarios suggest that it could lead to some increase in global GDP, and lower unemployment relative to prior trends,” the NGFS said.

“If the transition fails, analysis from the NGFS scenarios suggest that up to 13% of global GDP would be at risk by the end of the century, even before accounting for the potential consequences of severe weather events,” it added.

But to get to net zero by 2050, a $160 per tonne carbon price – or equivalent “shadow price” – would need to be steadily introduced by the end of the decade, which will push up inflation and also raise unemployment in some countries with energy-intensive industries.

Only quick shift to ‘net zero’ emissions will boost GDP: report: “If these changes occur in an orderly fashion, the scenarios suggest that it could lead to some increase in global GDP, and lower unemployment relative to prior trends,” the NGFS said.“If the transition fails, analysis from the NGFS scenarios suggest that up to 13% of global GDP would be at risk by the end of the century, even before accounting for the potential consequences of severe weather events,” it added.But to get to net zero by 2050, a $160 per tonne carbon price – or equivalent “shadow price” – would need to be steadily introduced by the end of the decade, which will push up inflation and also raise unemployment in some countries with energy-intensive industries.Read More

Fast Renewables Growth Triggers Scramble for Qualified Workers – The Energy Mix: “Engineering skills such as energy assessment, project management,
and project design are in high demand,” Bloomberg writes. Also needed
are business developers who actually understand how cleantech works.

Today’s graduate students in the field, especially those with skills
in engineering or chemistry, are being recruited straight out of their
universities. And the schools themselves are alert to these changing
winds: Barcelona’s Universitat Politecnica de Catalunya, for example,
launched a new a masters program in hydrogen energy just last year.

Fast Renewables Growth Triggers Scramble for Qualified Workers – The Energy Mix: “Engineering skills such as energy assessment, project management,
and project design are in high demand,” Bloomberg writes. Also needed
are business developers who actually understand how cleantech works. Today’s graduate students in the field, especially those with skills
in engineering or chemistry, are being recruited straight out of their
universities. And the schools themselves are alert to these changing
winds: Barcelona’s Universitat Politecnica de Catalunya, for example,
launched a new a masters program in hydrogen energy just last year.Read More

Winding Down Fossils is Essential, Doable to Keep Average Warming to 1.5°C – The Energy Mix: A map in the strategy report shows available renewable energy
potential exceeding demand on every continent and in every region of the
world—modestly in Europe, moderately in India, and drastically
everywhere else. “Even with conservative estimates that account for
environmental safeguards, land constraints, and technical feasibility,
solar and wind energy could meet primary energy demand more than 50
times over, indicating no new fossil fuel development is needed,” Teske
and Niklas write.

“This new report shows clearly that we have more than enough fossil
fuels above ground and under production and that we have the technology
and renewable energy capacity to more than meet the world’s energy
needs,” said FFNPT Initiative Chair Tzeporah Berman. “Fast-tracking a
wind down of oil, gas, and coal and focusing on expanding renewable
production and infrastructure is not only possible, but it will save
lives.”

Winding Down Fossils is Essential, Doable to Keep Average Warming to 1.5°C – The Energy Mix: A map in the strategy report shows available renewable energy
potential exceeding demand on every continent and in every region of the
world—modestly in Europe, moderately in India, and drastically
everywhere else. “Even with conservative estimates that account for
environmental safeguards, land constraints, and technical feasibility,
solar and wind energy could meet primary energy demand more than 50
times over, indicating no new fossil fuel development is needed,” Teske
and Niklas write.“This new report shows clearly that we have more than enough fossil
fuels above ground and under production and that we have the technology
and renewable energy capacity to more than meet the world’s energy
needs,” said FFNPT Initiative Chair Tzeporah Berman. “Fast-tracking a
wind down of oil, gas, and coal and focusing on expanding renewable
production and infrastructure is not only possible, but it will save
lives.”Read More

The Shining Lies Canadians Are Told about Lowering Emissions | The Tyee: Oh, the bright shining lies.

When it comes to energy and climate change the political rhetoric promises four great and positive happenings.

New oil and gas infrastructure will fund Canada’s energy transition.

Emissions will be conquered by technologies that bury carbon in the ground at great cost or don’t yet exist.

Canada will meet all of its climate change goals and ramp up oil and gas production at the same time.

The energy transition will be effortless and orderly because there is lots of low hanging fruit to pick.

These national assumptions, repeated daily by politicians and the media like some weird liturgy, give David Hughes, Canada’s foremost energy analyst, a headache.

The earth scientist and former researcher for National Resources Canada has been crunching inconvenient energy numbers for decades with a frightful reliability. His new report, Canada’s Energy Sector, published by the Corporate Mapping Project and the Canadian Centre for Policy Alternatives this week, shatters many illusions.

The Shining Lies Canadians Are Told about Lowering Emissions | The Tyee: Oh, the bright shining lies.When it comes to energy and climate change the political rhetoric promises four great and positive happenings.New oil and gas infrastructure will fund Canada’s energy transition.Emissions will be conquered by technologies that bury carbon in the ground at great cost or don’t yet exist.Canada will meet all of its climate change goals and ramp up oil and gas production at the same time.The energy transition will be effortless and orderly because there is lots of low hanging fruit to pick.These national assumptions, repeated daily by politicians and the media like some weird liturgy, give David Hughes, Canada’s foremost energy analyst, a headache.The earth scientist and former researcher for National Resources Canada has been crunching inconvenient energy numbers for decades with a frightful reliability. His new report, Canada’s Energy Sector, published by the Corporate Mapping Project and the Canadian Centre for Policy Alternatives this week, shatters many illusions.Read More