Major financial institutions are revisiting their commitment to curbing oil and gas investment In the past few months there have been some noteworthy developments for the global alliance known as GFANZ (Glasgow Financial Alliance for Net Zero). GFANZ, founded by Mark Carney and Michael Bloomberg in the spring of last year and promoted at COP26,…
The EU is split on the price to charge for Russian exports There are less than two weeks left, but the decision to cap Russian seaborne crude exports at a ‘certain price level’ still faces significant roadblocks. And the G7 and the European Union have not yet made a final decision as to the price…
The primary goal of governments today is to keep the lights on “Fossil fuel addiction is hijacking humanity. Renewables are the exit ramp from the climate hell highway. Negotiators at COP27 have a chance to make a difference. They must make it here and now.” So tweeted United Nations Secretary-General Antonio Guterres on November 18…
The UK and other parts of Europe may be in for a cold and chilly winter December 5 is fast approaching. On the day, and despite the tightness in the markets resulting from the OPEC output cut, major moves are at play on the global energy chess board. That is the day the EU is…
Risks killing the golden goose while doing nothing for the environment A tonne is a tonne is a tonne. Whether emitted by an oilsands mine in Fort McMurray, an auto plant in Oshawa, or a private jet manufacturer in Montreal, a tonne of CO2 emitted into the atmosphere has the exact same effect on our…
Its impact is unevenly distributed across the globe The world is at a “tipping point” in its commitment to take action, says an expert on the impact of climate change on human health, as leaders from 195 countries gather at the 2022 United Nations Climate Change Conference in Egypt. Related Stories Extremist views make for…
The rest of the world has adjusted to the new reality. Why can't Trudeau and Biden? What is the long-term future of a society that attacks its economic foundation for political gain? North Americans must ask this question. By putting politics first, some politicians in both the U.S. and Canada undermine North America’s core strengths…
New IEA scenarios show that oil and gas will remain critical long into the future The latest outlook for energy demand to 2050 underscores Canada’s opportunity to supply responsibly produced oil and gas as the world works to reduce emissions. In all three scenarios published on Oct. 27 by the International Energy Agency (IEA), oil…
And that will have consequences for the rest of the world
The United States and Saudi Arabia are locked in a bitter battle over oil, CNN Business reported last Friday. And it carries consequences, not only for the future of the global energy order but also for the future world order. Everything is at stake. Ever since the world began growing out of the COVID pandemic…
The world requires abundant, reliable, affordable energy to thrive
The European Parliament is endorsing a dangerous and misguided “fossil fuel non-proliferation treaty” that would cause harm to people around the world. The political forum is recommending that European Union member states phase out fossil fuels as soon as possible and stop all new investments in fossil fuel extraction. The " treaty " implies that…