Calgary’s newly elected mayor started on a controversial note this week, declaring a “climate emergency” is her top priority. Pressed on her claim, Mayor\u002Delect…
project strong growth in oil and gas over the next decade, followed by a static supply and demand to 2050. Even static levels that high will still produce hundreds of billions in tax payments and require continued levels of investment as reservoirs dry up.Article content
Should Canada, with the third-largest proven reserves in the world, and the largest by far of those open to independent producers, step aside to let Russia, Saudi Arabia, and other unjust regimes meet the steadily growing demand? No. Along with Norway, Canada is the global leader in responsible energy production based on each jurisdiction’s environmental, social, and governance policies — popularly known as ESG.
We need leaders in Canada to full-throatedly get behind the responsible development of all our energy resources, including our diversified oil and gas sector. In particular, if we care about reducing emissions, we should be aggressively producing and exporting as much LNG as we possibly can, to displace growth in Asian coal power.
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