oil

Friday November 18, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Friday November 18, 2022

Canada won’t back call at COP27 to ‘phase down’ oil and gas production

Canada won’t agree to add language calling for the phaseout of all fossil fuels — including oil and gas — to the final agreement at this year’s United Nations climate talks in Egypt, Environment Minister Steven Guilbeault said Thursday.

November 10, 2021

The agreement from the UN conference in Scotland last year called for countries to move faster to get rid of coal-fired electricity plants that are not abated with technology to capture emissions. It was the first time a COP pact included any reference to reducing any kind of fossil fuel use.

India spent the last two weeks of COP27 negotiations pushing to add oil and gas to that paragraph in this year’s final pact.

The European Union said it was supportive of the idea as long as it does not weaken the language on coal. United States climate envoy John Kerry said the U.S. was on board as long as it applies only to “unabated” oil and gas.

But there was no sign of any such language in the draft text of the COP27 pact released Thursday. The final draft was still being negotiated as the two-week climate talks near their final day Friday.

Canada backed the coal language last year, but Guilbeault said it’s not open to adding oil and gas to the pact this year.

April 11, 2018

During a one-on-one conversation in Egypt Thursday with Climate Action Network Canada’s national policy Caroline Brouillette, Guilbeault said Canada’s focus is on regulations and policies that curb greenhouse gas emissions, like regulations on how much methane oil and gas producers can emit.

It’s also focusing on reducing demand for fossil fuels with policies that promote energy conservation alternatives, such as electric vehicles, clean power and more efficient buildings.

He said if Canada backed the addition of oil and gas phaseout language it would prompt pushback from the provinces, including in court.

“Everything we do is challenged in the court,” he said. (Carbon) pricing was challenged, our plastic pollution regulations were challenged, our environmental impact assessment is being challenged — either by provinces or companies, or both. And if we’re not on very solid legal ground, we will lose in front of the tribunals and that doesn’t help anyone.“

October 28, 2021

Guilbeault said Canada hasn’t been challenged over plans to phase out coal, but is on almost everything it does on the oil and gas side.

“We have to be super careful in terms of what we do … that what we do will hold in court,” he said. “Otherwise we’re wasting time, and precious time, to fight climate change.”

Julia Levin, national climate program manager for Environmental Defence, called that a disappointing excuse.

“I’d say it’s clear that the government of Canada is beholden to fossil fuel lobbyists and putting their interests ahead of public welfare,” said Levin.

She added that Canada’s position is strange, considering the agreement would likely have included the same abatement provision as coal. While Levin doesn’t back carbon capture and storage as a serious solution to cutting emissions, she said even that would be “a clear signal that, according to the U.S. and others, the age of oil and gas is over.”

November 4, 2021

The Canadian Association of Petroleum Producers, meanwhile, said getting lower-emission oil and natural gas to international markets is paramount for its members.

“As global demand for natural gas and oil will remain strong for decades, Canada has a role to play in providing safe and lower emission resources to the world’s energy mix,” said Lisa Baiton, CAPP’s president and CEO, in a written statement.

The hope in Egypt is that countries would reach a consensus on action to cut greenhouse gas emissions enough to still make it realistic to reach the goal of limiting global warming to no more than 1.5 C. (The Peterborough Examiner)

From sketch to finish, see the current way Graeme completes an editorial cartoon using an iPencil, the Procreate app, and a couple of cheats on an iPad Pro … These sped up clips are posted to encourage others to be creative, to take advantage of the technology many of us already have and to use it to produce satire. Comfort the afflicted. Afflict the comforted.

Thursday April 13, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday April 13, 2022

Will War Make Europe’s Switch to Clean Energy Even Harder?

At the Siemens Gamesa factory in Aalborg, Denmark, where the next generation of offshore wind turbines is being built, workers are on their hands and knees inside a shallow, canoe-shaped pod that stretches the length of a football field. It is a mold used to produce one half of a single propeller blade. Guided by laser markings, the crew is lining the sides with panels of balsa wood.

November 10, 2021

The gargantuan blades offer a glimpse of the energy future that Europe is racing toward with sudden urgency. The invasion of Ukraine by Russia — the European Union’s largest supplier of natural gas and oil — has spurred governments to accelerate plans to reduce their dependence on climate-changing fossil fuels. Armed conflict has prompted policymaking pledges that the more distant threat of an uninhabitable planet has not.

Smoothly managing Europe’s energy switch was always going to be difficult. Now, as economies stagger back from the second year of the pandemic, Russia’s attack on Ukraine grinds on and energy prices soar, the painful trade-offs have crystallized like never before.

Moving investments away from oil, gas and coal to sustainable sources like wind and solar, limiting and taxing carbon emissions, and building a new energy infrastructure to transmit electricity are crucial to weaning Europe off fossil fuels. But they are all likely to raise costs during the transition, an extremely difficult pill for the public and politicians to swallow.

Wednesday March 9, 2022

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday March 9, 2022

U.S. and U.K. ban Russian oil imports in huge escalation of sanctions

December 24, 2018

President Joe Biden said the U.S. will ban imports of Russian fossil fuels including oil, a major escalation of Western efforts to hobble Russia’s economy that will further strain global crude markets.

“The United States is targeting the main artery of Russia’s economy,” Biden said Tuesday in Washington. “We will not be part of subsidizing Putin’s war.”

The U.S. move will be matched in part by the U.K., which announced a ban on Russian oil imports on Tuesday, though it will continue to allow natural gas and coal from the country. Other European nations that rely more heavily on Russian fuels will not participate.

Russian oil made up about 3 per cent of all the crude shipments that arrived in the U.S. last year. When other petroleum products are included, such as unfinished fuel oil that can be used to produce gasoline and diesel, Russia accounted for about 8 per cent of 2021 oil imports, though those shipments have also trended lower in recent months.

Thursday November 4, 2021

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday November 4, 2021

New net-zero alliance of banks, funds prioritizes green investment, but key emitters are absent

April 6, 2021

As a former central banker on two continents, Canada’s Mark Carney has honed the dark art of haranguing and arm-twisting members of the global investment community better than almost anyone.

But his latest task, as the United Nations’ special envoy on climate action and finance, involved some pretty daunting numbers.

Carney, who headed up the Bank of Canada and then the Bank of England between 2008 and 2020, was tasked to find more than $100 trillion US in capital from the global financial community to help drive the transformation of the world’s economy from fossil fuels to a new age powered by clean energy.

“It’s a mammoth transition,” Carney told CBC News at COP26, the UN’s climate change conference, in Glasgow, Scotland. 

“It’s absolutely enormous. It’s bigger than global GDP.”

May 14, 2019

On Wednesday, designated finance day at the Glasgow conference, Carney announced success, of sorts.

“We have banks, asset managers, pension funds, insurance companies from around the world — more than 45 countries — and their total resources, totalling $130 trillion US,” said Carney, $30 trillion more than the target.

Carney says more than 450 firms — including Canada’s big five chartered banks — have committed to supporting the goals of what’s become known as the Glasgow Financial Alliance for Net Zero (GFANZ).

Net zero means countries are no longer adding heat-trapping greenhouse gases to the atmosphere. Some greenhouse gases might still be emitted, but they would be balanced off or “cancelled out” by the removal of an equivalent amount of greenhouse gases. The concept is similar to carbon neutrality but includes more than just carbon dioxide emissions.

December 1, 2015

Firms that sign onto the GFANZ agreement are promising to abide by 24 financial initiatives that will signal to their customers, shareholders and investors that they are making green investments a priority.

The initiatives include climate-related reporting of their investments and transparency about climate-related financial risks.

While the agreement doesn’t compel the financial institutions to invest any specific amount of money or put it into any specific industry, Carney says it creates a new framework for them to make green investments.

September 23, 2014

“It’s about what their clients are doing, what are the emissions of their clients, the people they lend to, the people they invest in,” he said. 

However, there are notable gaps.

Big banks from some of the countries with the largest emissions — China, India and Russia — are not part of the agreement.

Nor does it compel signatories to cease funding projects such as coal mines or other ventures that contribute to greenhouse gas emissions. 

But Carney says if such investments happen they will draw both shareholder and public scrutiny. (CBC) 

 

Thursday October 28, 2021

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Thursday October 28, 2021

New environment minister faces questions about past activism

Canada’s new environment minister says his past as an activist should not raise alarms in the energy industry or the office of Alberta’s premier.

April 20, 2019

“I don’t have a secret agenda as environment minister,” Steven Guilbeault said today after the first meeting in Ottawa of Prime Minister Justin Trudeau’s new cabinet. “It’s a government effort to tackle … what many consider one of humanity’s greatest challenges, which is climate change.”

Guilbeault said the government’s plan to fight climate change is “very clear” and most of it — such as carbon pricing and the push for more public transit and cleaner energy sources — is “already known.”

January 26, 2021

The Trudeau government has committed to cutting greenhouse gas emissions by 40 to 45 per cent below 2005 levels by 2030.

Before entering electoral politics in 2019, the Quebec MP co-founded Équiterre, a Quebec-based environmental organization, and was the director of a provincial chapter of Greenpeace. He spoke out against pipeline projects, including the Trans Mountain expansion.

May 14, 2019

Guilbeault also took part in stunts to draw attention to environmental causes.

In 2001, Guilbeault was arrested after scaling Toronto’s CN Tower to raise awareness of climate change. In 2002, he was involved in a Greenpeace stunt that saw activists climb onto the roof of then Alberta premier Ralph Klein’s house to install solar panels.

Alberta Premier Jason Kenney said Tuesday that Guilbeault’s appointment to the environment portfolio sends a “very problematic message” to the province.

April 11, 2018

“I certainly hope that [Guilbeault] … will quickly demonstrate to Alberta, and other resource-producing provinces, a desire to work together constructively on practical solutions that don’t end up killing hundreds of thousands of jobs,” Kenney said.

Asked about Kenney’s comments, Guilbeault said oil companies already recognize that more needs to be done to tackle climate change and that many already have agreed to hit net-zero emissions by 2050. He also noted that the new mayor of Calgary, Jyoti Gondek, wants the city to declare a climate emergency.

Canadians made it clear in the recent federal election campaign that they want “not just the federal government but all governments to do more” to address climate change, he said. (CBC)