Varcoe: ‘Nothing short of the NEP’ — Oilpatch girds for Ottawa’s new cap-and-trade emissions plan for sector

“It’s the single-biggest existential threat (to the sector). An emissions cap is a cap on production. It’s as simple as that,’ said Ensign Energy Services president Bob Geddes

As mentioned in a previous article https://libranet.de/display/0b6b25a8-1265-7481-a7e2-2d9102123364, Politico, Reuters, the Financial Times and the Economist top the list of most influential media for EU decision-makers, and they are paid huge sums of money to promote oil and gas.

Locally, in Canada, most of the newspapers are operated by Postmedia. They don’t pretend to be anything other than Conservative supporters. When they publish an article, like the one linked below in the Calgary Herald, you pretty well know what to expect.

“I hear that he’s intending to announce an emissions cap, which we see as a production cap on oil and gas . . . It’s a pretty outrageous thing to do, to come to a conference like this without having shared the details with us,” Smith said before heading into the dinner.

“I’ll be polite, as I always try to be, but I have to be firm, that they have continued to violate our jurisdiction, they lose in court and then they act as if they can operate outside the law.”

There hasn’t been any cap on production, only emissions.

An article released today by the ‘Canadian Energy Centre’ — which is what they are rebranding Jason Kenney’s war room as, said, “Canada’s oil sands producers are doing more to reduce emissions than operators in other countries, according to BMO Capital Markets.

“Between 2013 and 2021, BMO estimates the average oil sands barrel shaved off more than 22 kilograms of emissions, compared to a reduction of just five kilograms per barrel for other major global oil producers.

“Fact: Oil sands producers reducing emissions per barrel, on track for absolute emissions reductions

“The AP article makes no mention of the success oil sands producers have achieved reducing emissions per barrel. That so-called emissions intensity is now estimated to be 23 per cent lower than it was in 2009, according to S&P Global.”

Then it goes on to say, “The AP article perpetuates the inaccurate position that CCS is not a proven technology. But CCS in Canada has successfully operated for more than two decades.

“Canada has six of the world’s 39 commercial CCS operations, accounting for about 15 per cent of global CCS capacity even though Canada generates less than two per cent of global CO2 emissions, according to the International CCS Knowledge Centre.

“In Alberta, since 2015 two CCS projects – both tied to oil sands production – have safely stored more than 12 million tonnes of CO2, or the equivalent of taking more than 2.6 million internal combustion engine vehicles off the road.”

One would think we would see the emissions in the chart showing a decrease instead of a rapid increase.

If Alberta’s CCS projects are so successful, wouldn’t the Alberta government understand that it’s a cap on emissions and not on production. Or are they lying to us?

Greenhouse gas emissions in Canada from 1990 to 2021, by province (in million metric tons of CO₂ equivalent)*

The chart shown https://www.statista.com/statistics/481142/greenhouse-gas-emissions-in-canada-by-province/ is courtesy of statista.com

Despite talk of further consultation with the sector as the regulations are developed, the oil and gas industry is frustrated by the move. The sector also faces a rising national carbon price, clean fuel standards and new rules to cut methane emissions.

“We strongly oppose an emissions cap and it is unnecessary to meet Canada’s Paris commitments,” Tristan Goodman, head of the Explorers and Producers Association of Canada, said Wednesday.

Perhaps the aren’t prepared to match the lies flowing from the war room. Otherwise, they shouldn’t have any problem with the emission cuts.

|Read more https://calgaryherald.com/opinion/columnists/varcoe-oilpatch-ottawa-new-cap-trade-emissions-plan| calgaryherald.com/opinion/colu…

#abpoli #emissions #COP28 #NEP #lies #WarRoom #media #cuts #oil #gas #environment #politics