More world oil and gas investment desperately needed, report warns

Increasing spending does not contradict efforts to reduce emissions, says IEF

More world oil and gas investment desperately needed, report warnsWorld energy markets are facing a “red alert,” and there’s more trouble ahead without enough investment going into oil and gas to meet demand, according to a new report by the International Energy Forum (IEF). “At a time when the global energy crisis calls for more supply, underinvestment in hydrocarbons will be the main reason…

Fossil fuel non-proliferation treaty would hurt humanity

Canada is the solution for reliable, affordable, environmentally responsible energy supply

Fossil fuel non-proliferation treaty would hurt humanityAnti-oil-and-gas activists want the world to believe that the ongoing use of natural resources like gas and oil is an imminent threat to human society as bad as the atomic bomb. They’re wrong. Modern life relies on oil and gas for transportation, home heating/cooling, food supply, and everyday products like your cellphone, computer and clothes.…

Why Canada still needs the Trans Mountain expansion

The expansion, now expected in late 2023, will help meet continued world oil use, benefiting Canadians

Why Canada still needs the Trans Mountain expansionThe case for the Trans Mountain Pipeline expansion remains strong as oil demand is on its way to a new record high, according to industry analysts. Following nearly two years of world consumption exceeding supply, global oil demand is expected to reach a first-ever 101.6 million barrels per day in 2023, according to the International Energy Agency…

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisy

Car racing relies on oil and gas. Canada should be the choice supplier, rather than nations like Saudi Arabia

F1 driver Sebastian Vettel’s oil sands criticism rife with hypocrisyGerman Formula One driver Sebastian Vettel sat on a podium in Montreal last week in gear emblazoned with his sponsor logos – including Organization of Petroleum Exporting Countries (OPEC) oil giant Saudi Aramco, owned by the tyranny state of Saudi Arabia – and told reporters that Alberta’s oil sands is “criminal.” He had arrived earlier…

Canadian technology lowering emissions from oil and gas drilling

Faster drilling, alternative fuels, engine automation are just the beginning as industry keeps innovating

Canadian technology lowering emissions from oil and gas drillingWhen Nicole Romanow looks at drilling rigs from 30 years ago, she’s impressed by the change and innovation that has occurred in Canada’s oil and gas industry – and what is yet to come. That’s because as team lead for sustainability strategy at Canadian drilling company Ensign Energy Services, she understands the level of equipment…

Oil sands industry aggressively cleaning up tailings ponds

All six mining projects with legacy tailings reduced their volumes in 2021

Oil sands industry aggressively cleaning up tailings pondsNew technologies and practices are improving the environmental performance of Canada’s oil sands industry, with producers removing more than 270 million cubic metres of “legacy tailings” from the environment over the last five years. The successful reduction of legacy tailings – tailings that were in storage before 2015 – is contributing to a slower pace…

Canada replaces OPEC as lead oil importer to U.S. Gulf Coast

New pipeline infrastructure helps connect Canada’s oil producers with demand from U.S. refiners

Canada replaces OPEC as lead oil importer to U.S. Gulf CoastThe tables have turned in the largest refining market in the U.S., with oil imports from OPEC countries like Saudi Arabia and Iraq taking a dramatic drop in the last five years. That’s thanks to increased imports from Canada, even without the Keystone XL pipeline that would have provided a direct connection from Alberta to…

Energy doesn’t have to be a political weapon

Canada can be the solution as the world looks for reliable energy while maintaining GHG targets

Energy doesn’t have to be a political weaponCanada and its partners in the G7 are calling on OPEC for solutions to the growing energy security crisis they say is a “grave concern” for households – particularly low-income households – around the world. The G7 is made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. It’s asking Organization…

Indigenous-owned Canadian LNG project advances 

21,000 jobs, $890 million in taxes and about $2.5 billion in annual GDP

Indigenous-owned Canadian LNG project advances There’s been a big step forward for a major proposed Canadian liquefied natural gas (LNG) project that’s seen as an opportunity for economic reconciliation with Indigenous communities and help to reduce global greenhouse gas emissions. Partners in the Ksi Lisims LNG project, including the Nisga’a Nation, have applied for a 40-year LNG export licence and…

Imperial signs biggest ever contracts with Indigenous businesses

Oil sands companies spent a record $2.4 billion with 275 Indigenous businesses in 2019

Imperial signs biggest ever contracts with Indigenous businessesCanadian oil sands producer Imperial Oil says it has signed two of its largest-ever contracts with Indigenous businesses. Two joint ventures – one with the Fort McKay First Nation and another with the Mikisew Cree First Nation – will provide Imperial large-scale earthwork, land reclamation, and mining support services at its Kearl oil sands mine…
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