Canadians must pay attention to excess profits of the oil and gas industry.
May 16.24: PP set up his "Rage Against Trudeau Disinformation Podium" at ESSO, complete with Axe the Facts banners. Although contentious, it was Mr. Trudeau that invested in Canada by completing the TMX pipeline. A pipeline good for O&G, but they've decided to embrace PP's message of division, disinformation and rage. O&G have made 10’s of billions excess profit over the years...outrageous!
@jphuston
In a triumph of political messaging, somehow PP has managed to skirt around the fact that the completion of the #TMX pipeline was something that the Liberals were able to accomplish that the preceding Conservative government was unable to do.
It’s also somewhat frustrating (but unsurprising) that the $30+ billion dollars that the pipeline is costing Canadian taxpayers isn’t seen for the gift to #Alberta and the #OilAndGas companies that it absolutely was.
🇷🇺 Kremlin-owned energy kingpin Gazprom, once #Russia's most profitable company, could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market and Chinese exports.
"Residents of #Texas and Pennsylvania, the top two gas-producing states, saw their natural gas bills increase by 50 and 51 percent between 2016 and 2023, respectively."
PFA, Denmark’s 🇩🇰 biggest pension fund, has revealed it has divested its entire holding in #Shell, citing recent disappointment with the #oilandgas giant’s climate stance https://buff.ly/44mGPWU
🇲🇩 For the first time, #Moldova can cut an energy link to its breakaway territory. Yet doing so risks Moscow’s threats and a possible humanitarian crisis.
🇪🇺 🇷🇺 The European Union's next package of sanctions should include steps against a shadow fleet of tankers moving Russian oil to circumvent sanctions, Swedish Foreign Minister Tobias Billstrom said ahead of a meeting of EU foreign ministers in Luxembourg.
Utility-related fires are wreaking havoc across the United States. Since 2017, fires related to electricity transmission have burned at least 3 million acres.
“Climate change poses an additional challenge by fundamentally shifting #wildfire risk, fire behavior, and the trajectory of postfire recovery in ways that current fire behavior models … are not designed to meet.”
Given the costs of #ClimateChange, and the exorbitant profits of those peddling the literal fuel to the fire, shouldn’t the #OilAndGas industry pay its fair share of the damage?”
#CarbonMajors is a database of historic production data from 122 of the world’s largest oil, gas, coal, and cement producers.
• Investor-owned companies account for 31% of emissions, with Chevron, ExxonMobil, and BP the three largest contributors.
• State-owned companies are linked to 33%, with Saudi Aramco, Gazprom, and the National Iranian Oil Company being the largest contributors.
• Nation-states account for the remaining 36%.
“The #CarbonMajors database makes it dramatically easier to document, calculate, and visually demonstrate the growing chasm between the urgent demands of climate reality and the continued reckless and intentional growth of oil and gas production,” said Carroll Muffet, President and CEO of the Center for International Environmental Law #CIEL.
🇷🇺🛢️ Russia’s plan to rapidly expand liquefied natural gas exports is stalling due to US sanctions that are delaying shipments from a major new project.
#Emissions from burning #oilandgas produced by the world’s leading #FossilFuel companies could cause millions of excess heat deaths before the end of the century, according to a new Global Witness analysis https://buff.ly/3VvM3x9
#Emissions from burning #oilandgas produced by the world’s leading #FossilFuel companies could cause millions of excess heat deaths before the end of the century, according to a new @Global_Witness analysis https://buff.ly/3VvM3x9
Despite corporate messaging touting a low-carbon future, many of the world's top #oilandgas companies are failing to meet global climate goals. And they're making plans to expand https://buff.ly/4904ltv
🇺🇦 🇷🇺 #Ukraine said on Sunday it does not plan to prolong a five-year deal with Russia's Gazprom on the transit of Russian gas to Europe or to sign another one.
Failed oil well plugs are silent polluters that no one watches.
Bloomberg Law reports: "Abandoned oil and gas wells often pollute groundwater and leak methane into the atmosphere, helping to drive climate change. [The U.S.] Congress approved $4.7 billion in the 2021 bipartisan infrastructure law to plug them, but there are no state or federal requirements to revisit those plugs and ensure the wells aren’t leaking."
🇺🇦 🇷🇺 Ukraine’s top energy official ruled out any commercial agreements to allow Russian natural gas to continue flowing through the country after the current transit deal lapses at the end of the year.
"There is already more than enough LNG export capacity to meet global demand for the fuel, if countries meet national and international climate goals."