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Business

Shell scales back emissions goals, says cutting oil and gas production is ‘not healthy’

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6 minute read

From LifeSiteNews

By Anthony Murdoch

The company’s report mentions that its 2035 ‘net carbon intensity’ target has been ‘retired’ due to ‘uncertainty in the pace of change in the energy transition.’

Shell, a major oil and gas supplier in Canada whose federal government has openly called for the end of fossil fuels, announced that it will not meet its planned 2035 emissions targets.

Wael Sawan, the Anglo-Dutch company’s Canadian CEO, noted in Shell’s latest “energy transition strategy” update that “We believe the world will continue to need oil and gas for many years.”

The company had set a target to reduce its so-called ‘net carbon intensity’ to 20% by 2030 but revised the goal to 15%.

Shell said that “cutting oil and gas production,” the objective of the Canadian government, “is not healthy” for the global energy system.

Shell’s report mentions that its 2035 target has been “retired” due to “uncertainty in the pace of change in the energy transition.”

The company still says it has a net-zero target by 2050, but this is not set in stone because “if society is not net-zero in 2050,” then there would be a “significant risk that Shell may not meet this target.”

Shell plans to increase its LNG production by 30%. “Investment in oil and gas will be needed because demand for oil and gas is expected to drop at a slower rate than the natural decline rate of the world’s oil and gas fields, which is 4-5% a year,” the company said.

Other major oil and gas producers such as ExxonMobil, BP, and Canadian company Suncor have all scaled back their own emissions reduction plans.

Faced with the realities of a consumer-driven market and without government interference such as rebates or mandates, studies show that people prefer gas-powered cars over electric vehicles, which are being touted by governments as the saviors to solving what they claim is a “climate change” crisis.

Trudeau’s government is trying to force net-zero regulations on all Canadian provinces, notably on electricity generation, as early as 2035. Alberta is adamantly opposed.

Natural gas and coal are abundant in Canada, notably in Alberta, a province in which Shell has a major presence. In the new year, an extreme cold snap sent temperatures plummeting to nearly minus-50 degrees Celsius (minus-58 degrees Fahrenheit) in much of western Canada. It was so cold that the province of Alberta’s power grid almost collapsed due to a failure of wind and solar power.

Alberta Premier Danielle Smith has been a fierce opponent of Trudeau’s green energy agenda. Earlier this month, she said her province will continue to rely on carbon-based fuel sources for power generation for decades to come after introducing sweeping new regulations restricting the development of so-called “renewable” energy generation from wind turbines and solar farms, saying these types of technologies are not the “silver bullet” the federal government claims they are for power generation.

The Trudeau government has gone as far as to say they will not fund new road projects, all in the name of “climate change,” as was reported by LifeSiteNews last month. Both Smith and Premier Doug Ford of Ontario tore into Guilbeault after he said the federal government would no longer fund any road construction projects and instead funnel the savings to “climate change” projects that promote people walk instead of drive.

Smith has been battling the minister for the last few months over his extreme climate change policies that seek to destroy Alberta’s oil and gas sector.

The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has 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.

Canada has the third largest oil and gas reserves in the world, with most of it in Alberta. However, since taking office in 2015, Trudeau has continued to push his radical environmental agenda  similar to the agendas being pushed the WEF’s “Great Reset” and the United Nations’ “Sustainable Development Goals.”

2025 Federal Election

As PM Poilievre would cancel summer holidays for MP’s so Ottawa can finally get back to work

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From Conservative Party Communications

In the first 100 days, a new Conservative government will pass 3 laws:

1. Affordability For a Change Act—cutting spending, income tax, sales tax off homes

2. Safety For a Change Act to lock up criminals

3. Bring Home Jobs Act—that repeals C-69, sets up 6 month permit turnarounds for new projects

No summer holiday til they pass!

Conservative Leader Pierre Poilievre announced today that as Prime Minister he will cancel the summer holiday for Ottawa politicians and introduce three pieces of legislation to make life affordable, stop crime, and unleash our economy to bring back powerful paycheques. Because change can’t wait.

A new Conservative government will kickstart the plan to undo the damage of the Lost Liberal Decade and restore the promise of Canada with a comprehensive legislative agenda to reverse the worst Trudeau laws and cut the cost of living, crack down on crime, and unleash the Canadian economy with ‘100 Days of Change.’ Parliament will not rise until all three bills are law and Canadians get the change they voted for.

“After three Liberal terms, Canadians want change now,” said Poilievre. “My plan for ‘100 Days of Change’ will deliver that change. A new Conservative government will immediately get to work, and we will not stop until we have delivered lower costs, safer streets, and bigger paycheques.”

The ’100 Days of Change’ will include three pieces of legislation:

The Affordability–For a Change Act 

Will lower food prices, build more homes, and bring back affordability for Canadians by:

We will also:

  • Identify 15% of federal buildings and lands to sell for housing in Canadian cities.

The Safe Streets–For a Change Act 

Will end the Liberal violent crime wave by:

The Bring Home Jobs–For a Change Act 

This Act will be rocket fuel for our economy. We will unleash Canada’s vast resource wealth, bring back investment, and create powerful paycheques for workers so we can stand on our own feet and stand up to Trump from a position of strength, by:

Poilievre will also:

  • Call President Trump to end the damaging and unjustified tariffs and accelerate negotiations to replace CUSMA with a new deal on trade and security. We need certainty—not chaos, but Conservatives will never compromise on our sovereignty and security. 
  • Get Phase 2 of LNG Canada built to double the project’s natural gas production.
  • Accelerate at least nine other projects currently snarled in Liberal red tape to get workers working and Canada building again.

“After the Lost Liberal Decade of rising costs and crime and a falling economy under America’s thumb, we cannot afford a fourth Liberal term,” said Poilievre. “We need real change, and that is what Conservatives will bring in the first 100 days of a new government. A new Conservative government will get to work on Day 1 and we won’t stop until we have delivered the change we promised, the change Canadians deserve, the change Canadians voted for.”

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Automotive

Canadians’ Interest in Buying an EV Falls for Third Year in a Row

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From Energy Now

Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index

Fewer Canadians are considering buying an electric vehicle, marking the third year in a row interest has dropped despite lower EV prices, a survey from AutoTrader shows.

Forty-two per cent of survey respondents say they’re considering an EV as their next vehicle, down from 46 per cent last year. In 2022, 68 per cent said they would consider buying an EV.

Meanwhile, 29 per cent of respondents say they would exclusively consider buying an EV — a significant drop from 40 per cent last year.

The report, which surveyed 1,801 people on the AutoTrader website, shows drivers are concerned about reduced government incentives, a lack of infrastructure and long-term costs despite falling prices.

Electric vehicle prices fell 7.8 per cent in the last quarter of 2024 year-over-year, according to the AutoTader price index.

The survey, conducted between Feb. 13 and March 12, shows 68 per cent of non-EV owners say government incentives could influence their decision, while a little over half say incentives increase their confidence in buying an EV.

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