I was pretty blunt at @GlblCtzn about how we need business to be real on #netzero - and held accountable. We need to ensure that everyone who cares about climate can reward the leaders by choosing to work for them, buy from them, invest w/ them. That's why clear standards matter.
#CCS remains expensive & unproven despite decades of investment. It's not a reliable solution to reduce Canada’s oil & gas emissions: https://t.co/2CTvzx5AJJ
The bottom line? 🇨🇦 should stop subsidizing #CCS, invest in future industries, & set a stringent oil & gas emissions cap.
I woke up to the great news that HSBC had pledged to stop financing new oil and gas. I got to work to learn RBC has cut the Canadian unit out as part of its merger deal: https://t.co/nNA9d0SJtF via @Yahoo
A new quarter, but no new progress. Despite a historic year for profits and cashflow, oilsands companies are still not releasing detailed, concrete plans to cut their emissions – instead, they’re still rewarding their shareholders. https://t.co/yd6SWoAYLq
Massive gas expansion risks overtaking positive climate policies. Our COP27 global update finds govts' focus on energy crisis has replaced #ClimateAction. Proposed, approved & under-construction #LNG projects globally likely to send emissions way past 1.5. https://t.co/QdA55UegpC
BREAKING: at #COP27, the UN Secretary General’s high-level expert group is releasing a new standard to turn empty net-zero commitments into meaningful climate action. Stick with me for details - it’s very good news 🧵
Thread: Big things I think this column gets wrong re the battle over GHG cap on oil & gas:
1. The companies haven't promised to invest $24B;
2. The companies are running a pretty nasty campaign against the proposed regulation, via a front group. https://t.co/hKhQBCsena #cdnpoli
Belated thread on what IEA's 2022 World Energy Outlook says re Canada. TL/DR: If world makes serious progress on current commitments (APS scenario), Canadian oil & gas production plummet (as global demand falls), but there are big opportunities in energy transition #cdnpoli
Today the @IEA released its latest World Energy Outlook. For the first time ever, there is no scenario that sees continued, long-term growth of *any* fossil fuel, including natural gas.
A🧵:
Idiotic editorial from the @nationalpost blindly repeats 2 of the most basic fallacies about the transition from fossil-fuel economies to alternative-energy economies. (1/3)
https://t.co/DoFI5NRSgN
This is an under-told story, and essential to understanding 🇨🇦 GHG emissions. Simply put, oil & gas, and specifically oil sands, are adding emissions as fast as we can squeeze them out of the rest of the economy.
This is why Canada's (property) insurance industry is getting worked up about adaptation policy - now if only we can convince them to stop making the crisis worse via their investments.
The global growth of EVs will be turbocharged by the US Inflation Reduction Act & moves by other major economies.
By 2030, *one out of every two cars* sold in China, the EU & the US is set to be electric, based on new @IEA analysis. EVs' global market share to reach nearly 40%.
What is the future of global #oil demand?
A new @IISD_news brief shows realistic @IEA scenarios point to a permanent & sustained decline as soon as 2030. As a major producer, 🇨🇦 must plan for a future beyond oil & gas.
Learn more ➡️ https://t.co/EKhXIIFvWV #ReEnergizingCanada