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Energy

Canadian natural resource minister’s wife invests in oil stocks as gov’t attacks industry

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From LifeSiteNews

By Anthony Murdoch

Records show Tara Wilkinson’s stock purchases include ‘fossil fuel’ producers targeted for eventual elimination by the Liberal government.

The wife of Canadian Natural Resources Minister Jonathan Wilkinson bought oil and gas company stocks, records show, at the same time the federal Liberal government has been attacking the industry in a bid to curb so-called “fossil fuel” use and “fight against climate change.”

According to records as per a recent Blacklock’s Reporter report, Wilkinson’s wife, Tara, amped up her trading in oil and gas stocks last year in Enbridge Incorporated and Shell PLC. The records were found filings under Canada’s Conflict of Interest Code for Members of the House of Commons.

Records show Mrs. Wilkinson also has shares in the globalists linked BlackRock Inc., Amazon, and Finning International Inc., the military-industrial complex linked to Lockheed Martin Corporation, along with COVID jab promoting Pfizer and 3M Company. She also holds stock in Royal Bank and Toronto Dominion Bank.

As early as December, Wilkinson boasted that “Canada became the first oil and gas producer in the world to put a cap on oil and gas emissions.”

He also has claimed that he is looking out for his family’s future by promoting federal climate programs.

Indeed, in 2021, he said he would “honour the commitments we made to our children that we’re going to leave them something that is a workable and sustainable world,” claiming “climate change” is the “existential issue of our time.”

He also claimed, despite his wife and by extension family profiting off oil and gas companies, that “we are on a trajectory to reducing to net zero by 2050” and that “it is important in our fight against climate change.”

Other current and former Liberal cabinet ministers also have oil and gas stocks, such as former Addictions Minister Carolyn Bennett, former Attorney General David Lametti and current Veterans Affairs Minister Ginette Petitpas Taylor.

Oil and gas companies have been racking in high profits due to both a high demand for oil and gas and higher oil prices.

The federal government under Prime Minister Justin Trudeau since 2015 has pushed a radical environmental agenda similar to the agendas being pushed the World Economic Forum’s “Great Reset” and the United Nations “Sustainable Development Goals.”

Late last year, the Trudeau government forged ahead with many policies that if they come to full fruition will destroy Canada’s oil and gas industry, which provides jobs to thousands and is important in Alberta and Saskatchewan.

At COP28 held late last year, Environment Minister Steven Guilbeault unveiled a plan to slash oil and gas emissions by 35% to 38% below 2019 levels. He claimed that it is important to reach “carbon neutrality in Canada by 2050.”

At COP28, he announced a new Liberal federal government climate policy that aims to incentivize beef cattle ranchers to reduce how much gas their cows emit by giving them feed additives.

A recent near power blackout in Alberta due to the failure of wind and solar power, however, highlights how so-called sustainable wind and solar power, which the Trudeau government heavily promotes, are not a good fit for Canada’s cold climate.

Alberta Premier Danielle Smith has blasted Guilbeault as a “menace” for going after her province and the oil and gas industry in general and vowed to fight him with every tool available to her government.

The Trudeau government has also pledged to mandate that all new cars and trucks by 2035 be electric, which would in effect ban the sale of new gasoline- or diesel-only powered vehicles after that year.

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.

A June 2017 peer-reviewed study by two scientists and a veteran statistician confirmed that most of the recent global warming data have been “fabricated by climate scientists to make it look more frightening.”

There have been two recent court rulings that have dealt a blow to Trudeau’s environmental laws, however.

The most recent was the Federal Court of Canada on November 16 overturned the Trudeau government’s ban on single-use plastic, calling it “unreasonable and unconstitutional.”

The second ruling comes after Canada’s Supreme Court recently sided in favor of provincial autonomy when it comes to natural resources. The Supreme Court recently ruled that Trudeau’s law, C-69, dubbed the “no-more pipelines” bill, is “mostly unconstitutional.” This was a huge win for Alberta and Saskatchewan, which challenged the law in court. The decision returned authority over the pipelines to provincial governments, meaning oil and gas projects headed up by the provinces should be allowed to proceed without federal intrusion.

The Trudeau government, however, seems insistent on defying the recent rulings by pushing forward with its various regulations.

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Daily Caller

AI Needs Natural Gas To Survive

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From the Daily Caller News Foundation

By David Blackmon

As recent studies project a big rise in power generation demand from the big datacenters that are proliferating around the United States, the big question continues to focus in on what forms of generation will rise to meet the new demand. Most datacenters have plans to initially interconnect into local power grids, but the sheer magnitude of their energy needs threatens to outstrip the ability of grid managers to expand supply fast enough.  

This hunger for more affordable, 24/7 baseload capacity is leading to a variety of proposed solutions, including President Donald Trump’s new executive orders focused on reviving the nation’s coal industry, scheduled to be signed Tuesday afternoon. But efforts to restart the permitting of new coal-fired power plants in the US will require additional policy changes, efforts which will take time and could ultimately fail. In the meantime, datacenter developers find themselves having to delay construction and completion dates until firm power supply can be secured. 

Datacenters specific to AI technology require ever-increasing power loads. For instance, a single AI query can consume nearly ten times the power of a traditional internet search, and projections suggest that U.S. data center electricity consumption could double or even triple by 2030, rising from about 4-5% of total U.S. electricity today to as much as 9-12%. Globally, data centers could see usage climb from around 536 terawatt-hours (TWh) in 2025 to over 1,000 TWh by 2030. In January, a report from the American Security Project estimated that datacenters could consume about 12% of all U.S. power supply. 

Obviously, the situation calls for innovative solutions. A pair of big players in the natural gas industry, Liberty Energy and Range Resources, announced on April 8 plans to diversify into the power generation business with the development of a major new natural gas power plant to be located in the Pittsburgh area. Partnering with Imperial Land Corporation (ILC), Liberty and Range will locate the major power generation plant in the Fort Cherry Development District, a Class A industrial park being developed by ILC.   

“The strategic collaboration between Liberty, ILC, and Range will focus on a dedicated power generation facility tailored to meet the energy demands of data centers, industrial facilities, and other high-energy-use businesses in Pennsylvania,” the companies said in a joint release.  

Plans for this new natural gas power project follows closely on the heels of the March 22 announcement for plans to transform the largest coal-fired power plant in Pennsylvania, the Homer City generating station, into a new gas-fired facility. The planned revitalized plant would house 7 natural gas turbines with a combined capacity of 4.5 GW, enough power 3 million homes.  

Both the Homer City station and the Fort Cherry plant will use gas produced out of the Appalachia region’s massive Marcellus Shale formation, the most prolific gas basin in North America. But plans like these by gas companies to invest in their own products for power needs aren’t isolated to Pennsylvania.  

In late January, big Permian Basin oil and gas producer Diamondback Energy told investors that it is seeking equity partners to develop a major gas-fired plan on its own acreage in the region. The facility would primarily supply electricity to data centers, which are expected to proliferate in Texas due to the AI boom, while also providing power for Diamondback’s own field operations. This dual-purpose approach could lower the company’s power costs and create a new revenue stream by selling excess electricity.  

Prospects for expansion of gas generation in the U.S. received a big boost in January when GE Vernova announced plans for a $600 million expansion of its manufacturing capacity for gas turbines and other products in the U.S. GE Vernova is the main supplier of turbines for U.S. power generation needs. The company plans to build 37 gas power turbines in 2025, with a potential increase to over 70 by 2027, to meet rising energy demands. 

The bottom line on these and other recent events is this: Natural gas is quickly becoming the power generation fuel of choice to feed the needs of the expanding datacenter industry through 2035, and potentially beyond. Given that reality, the smart thing to do for these and other companies in the natural gas business is to put down big bets on themselves. 

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

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Bjorn Lomborg

The stupidity of Net Zero | Bjorn Lomborg on how climate alarmism leads to economic crisis

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From spiked on YouTube

Note: This interview is focused on Europe and the UK.  It very much applies to Canada. The 2025 Federal Election which will see Canadians choose between a more common sense approach, and spending the next 4 years continuing down the path of pursuing “The Stupidity of Net Zero”.

European industry is in freefall, and Net Zero is to blame.

Here, climate economist Bjorn Lomborg – author of Best Things First and False Alarm – explains how panic over climate change is doing far more damage than climate change itself.  Swapping cheap and dependable fossil fuels for unreliable and expensive renewables costs our economies trillions, but for little environmental gain, Lomborg says.

Plus, he tackles the myth of the ‘climate apocalypse’ and explains why there are more polar bears than ever.

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