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Alberta

CEO of Indian Resource Council of Canada challenges Jane Fonda to learn about Canada’s oil sands

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From EnergyNow.ca

Responding to Actress Jane Fonda: Stephen Buffalo of the Indian Resource Council

 

Dear Ms. Fonda,

I’m writing today to ask you to accept Stephen Buffalo’s invitation to have an honest and forthright discussion about Canadian oil and gas.

Stephen is the President and CEO of the Indian Resource Council of Canada, and a tireless advocate for First Nations people.

Canadians are your neighbours, allies, business partners and friends. That is why I was disappointed to hear you disparage Canada’s world class oil sands as “the worst” and “most poisonous” in your opposition to the Line 3 pipeline, an energy conduit that’s critical to both our countries.

Canada is proud of our energy industry and the women and men who work to keep both our great nations running — ensuring homes remain heated and cooled as needed, getting crucial goods reliably to their destinations, and making sure the lights turn on and off when you flip the switch.

Here are some things Mr. Buffalo and his colleagues would like to discuss with you:

You raised concerns about “foreign” oil coming from a pipeline from Canada. But you should know that the U.S. will see oil imports rise for decades to come, much of that heavy oil, which is produced in the oil sands. Without Canadian product to feed refineries on your Gulf Coast, the world’s largest heavy oil processing region, countries like Venezuela and Mexico will become your country’s main suppliers. 

As for Line 3, it has connected our nations since 1968, providing energy for refineries in Minnesota, Wisconsin, and other U.S. markets. Replacing it is about improving safety and reliability to ensure a critical resource from a friend and ally continues to be available.

I ask that you join Stephen Buffalo and his colleagues to learn about Canada’s oil sands and our industry’s commitment to maintaining and improving its place as a world leader in responsible resource development. Armed with the correct information, I hope you might reconsider your opposition to Line 3.

Respectfully submitted,

CANADIANS ARE SIGNING THE LETTER TO JANE FONDA – WILL YOU?

Sign it HERE

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Alberta

Energy sector will fuel Alberta economy and Canada’s exports for many years to come

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From the Fraser Institute

By Jock Finlayson

By any measure, Alberta is an energy powerhouse—within Canada, but also on a global scale. In 2023, it produced 85 per cent of Canada’s oil and three-fifths of the country’s natural gas. Most of Canada’s oil reserves are in Alberta, along with a majority of natural gas reserves. Alberta is the beating heart of the Canadian energy economy. And energy, in turn, accounts for one-quarter of Canada’s international exports.

Consider some key facts about the province’s energy landscape, as noted in the Alberta Energy Regulator’s (AER) 2023 annual report. Oil and natural gas production continued to rise (on a volume basis) in 2023, on the heels of steady increases over the preceding half decade. However, the dollar value of Alberta’s oil and gas production fell in 2023, as the surging prices recorded in 2022 following Russia’s invasion of Ukraine retreated. Capital spending in the province’s energy sector reached $30 billion in 2023, making it the leading driver of private-sector investment. And completion of the Trans Mountain pipeline expansion project has opened new offshore export avenues for Canada’s oil industry and should boost Alberta’s energy production and exports going forward.

In a world striving to address climate change, Alberta’s hydrocarbon-heavy energy sector faces challenges. At some point, the world may start to consume less oil and, later, less natural gas (in absolute terms). But such “peak” consumption hasn’t arrived yet, nor does it appear imminent. While the demand for certain refined petroleum products is trending down in some advanced economies, particularly in Europe, we should take a broader global perspective when assessing energy demand and supply trends.

Looking at the worldwide picture, Goldman Sachs’ 2024 global energy forecast predicts that “oil usage will increase through 2034” thanks to strong demand in emerging markets and growing production of petrochemicals that depend on oil as the principal feedstock. Global demand for natural gas (including LNG) will also continue to increase, particularly since natural gas is the least carbon-intensive fossil fuel and more of it is being traded in the form of liquefied natural gas (LNG).

Against this backdrop, there are reasons to be optimistic about the prospects for Alberta’s energy sector, particularly if the federal government dials back some of the economically destructive energy and climate policies adopted by the last government. According to the AER’s “base case” forecast, overall energy output will expand over the next 10 years. Oilsands output is projected to grow modestly; natural gas production will also rise, in part due to greater demand for Alberta’s upstream gas from LNG operators in British Columbia.

The AER’s forecast also points to a positive trajectory for capital spending across the province’s energy sector. The agency sees annual investment rising from almost $30 billion to $40 billion by 2033. Most of this takes place in the oil and gas industry, but “emerging” energy resources and projects aimed at climate mitigation are expected to represent a bigger slice of energy-related capital spending going forward.

Like many other oil and gas producing jurisdictions, Alberta must navigate the bumpy journey to a lower-carbon future. But the world is set to remain dependent on fossil fuels for decades to come. This suggests the energy sector will continue to underpin not only the Alberta economy but also Canada’s export portfolio for the foreseeable future.

Jock Finlayson

Senior Fellow, Fraser Institute
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Alberta

Owner sells gas for 80 cents per litre to show Albertans how low prices ‘could’ be

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Undoubtedly some of the motorists driving past The Whistle Stop Cafe at Mirror on Tuesday morning thought it was an April Fools prank.  It wasn’t.

Chris Scott, owner of the gas station at The Whistle Stop Cafe offered a one day promotion on April 1st. Scott sold 8000 litres of regular gasoline for $0.80/ litre.

The promotion was funded by Scott and the Alberta Prosperity Project.  In this video posted to his social media, Chris Scott explains why they did it.

www.albertaprosperityproject.com

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