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I know it seems like I pick on the War Room a lot, but goodness, it& #39;s almost like they& #39;re asking for it. Take this latest piece of content they& #39;ve pushed out in response to the decision by Norway& #39;s oil fund to sell off its holdings in oil sands companies. A thread for #ableg:
They start by pointing to a huge new project in their own back yard called Johan Svendrup that will produce nearly 500,000 barrels per day. Hypocrisy, amirite?
Except there& #39;s this: Its GHG emissions are 0.67 kg of CO2 per barrel. https://www.equinor.com/en/what-we-do/johan-sverdrup/climate.html">https://www.equinor.com/en/what-w...
Except there& #39;s this: Its GHG emissions are 0.67 kg of CO2 per barrel. https://www.equinor.com/en/what-we-do/johan-sverdrup/climate.html">https://www.equinor.com/en/what-w...
The global average is closer to 18 kg of CO2 per barrel. And Canada& #39;s oil sands? Well, they& #39;re even higher than that -- in some cases, a LOT higher.
Now, the good news about that chart is that those numbers have come down since 2016. Oil sands producers are reducing their per-barrel emissions, and they& #39;ve made commitments to keep doing that. This is progress, and we should reward that. I don& #39;t actually support divestment.
Receipt here: https://www.vanmag.com/max-fawcett-why-ubcs-board-of-governors-was-right-to-vote-against-divestment
(there">https://www.vanmag.com/max-fawce... are others)
(there">https://www.vanmag.com/max-fawce... are others)
But! The Canadian Energy Centre isn& #39;t doing these companies, or this government, any favours. By drawing attention to Johan Svendrup, they make it clear just how much work the industry still has to do -- and why Norway& #39;s oil fund divested from it.
Here& #39;s their blog post: https://www.canadianenergycentre.ca/a-matter-of-fact-oil-sands-production-and-greenhouse-gas-emissions/">https://www.canadianenergycentre.ca/a-matter-...
