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Link Related to Canada in some say World's biggest wealth fund blacklists 4 Canadian energy firms for greenhouse emissions
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Category  Business
Poster  DrCaleb
Hits  4510
Date  2020-05-13 07:09:56


  • DrCaleb: It's a shame we didn't have some sort of an emissions plan in order to keep all this oilsands investment from leaving the province.
  • Robair: What would be the downside of a supply management system for Canadian oil and gas?

    Ensure Canadian energy independence and insulate our energy sector from US, Iran, Saudi, Russia war games. Also make a refinery more feasible.

    Other than higher gas prices than anywhere else. I believe we've shown that our economy runs on gasoline priced high enough for the tar sands.
  • PublicAnimalNo9: Oh fucking puh-lease. Even at the height of Alberta's oil production Canada STILL generated only half the emissions of international maritime shipping. Just more attacks on Canada's ethical oil production, this time from a fucking country that released over 80 oil exploration licences in just the first month of the year with at least 29 of them having licence to drill upon discovery.
  • DrCaleb: Alberta 'war room' selling positive oilpatch pitches, but investors aren't buying

    Well, so much for Alberta's War Room setting the record straight.

    Or for telling Alberta's story to the world.

    Or whatever it is the War Room (a.k.a. the Canadian Energy Centre) is supposed to do.

    The government-sponsored war room apparently failed to make an impression on Norway's $1-trillion US sovereign wealth fund that announced this week it had divested its investments in four Canadian energy companies.

    The Norwegian state-owned fund has blacklisted Canadian Natural Resources, Cenovus Energy, Suncor Energy and Imperial Oil because of "acts or omissions that on an aggregate company level lead to unacceptable greenhouse gas emissions."

    The reaction from Alberta was swift, loud and predictable.

    "To be blunt, I find that incredibly hypocritical," Premier Jason Kenney said during a phone-in news conference on Wednesday. "That entire sovereign fund owes its genesis to oil revenues coming from the North Sea reserves of Norway. It's the pot calling the kettle black."

    Well, not exactly. While it's true that Norway's sovereign fund gets its money from oil revenue, the Norwegian pot isn't nearly as black as the Alberta kettle.
    Fund is worth $1 trillion

    Norway's per capita emissions of greenhouse gasses, for example, is about 9.5 tonnes per year, according to 2018 figures. In Canada, we're closer to 22 tonnes per person. And in Alberta, the per capita level of emissions is closer to 65 tonnes. )If the Wexiteers fulfilled their dream of an independent country, Albertistan would be one of the highest emitting countries, per capita, in the world.) ... -1.5570645
  • BartSimpson: Norway's sovereign wealth fund won't finance one of the Norwegian oil industry's competitors AND they'll pander to the leftards by posturing that it's about 'greenhouse emissions'?

    I'm so surprised. :roll:

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