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Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
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18 May, 5 tweets, 5 min read
Investment in new oil & gas developments must stop immediately if the world is to hit net-zero by 2050, the International Energy Agency says in a huge new report today. This will of course have significant implications for Canada. theglobeandmail.com/business/artic… #ableg #cdnpoli #cdnecon
The IEA says hitting net-zero will mean pivoting the global economy from one powered by fossil fuels to one powered predominantly by renewable energy - and that will require "a total transformation of the energy systems that underpin” global economies. #cdnpoli #ableg #cdnecon
The narrative is often we'll have oil and gas for decades. The IEA disagrees, and says fossil fuels must fall from 4/5 of total energy supply today to just over 1/5 by 2050. I'll be interested to see government reaction to this. theglobeandmail.com/business/artic… #ableg #cdnpoli #cdnecon
The IEA says batteries, hydrogen electrolyzers and direct-air carbon capture are huge opportunities, and calls for more gvt $ into bioenergy and CCUS. The report also emphasises the need to put ppl at the heart of all decisions. theglobeandmail.com/business/artic… #ableg #cdnpoli #cdnecon
Here's the full report if you fancy giving it a read. iea.org/reports/net-ze… #ableg #cdnpoli #cdnecon

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More from @EmmaLGraney

Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
18 May
Alberta gets another credit downgrade. S&P has lowered from A+ to A, citing large deficits averaging more than 25% of revenues during fiscal 2020-24. Says pandemic has "further worsened AB's budgetary
balances" which had not yet recovered from oil price slump /1 #ableg #cdnpoli
S&P says Alberta's downgrade is "the culmination of the two powerful economic shocks that Alberta has endured in the past six years," adds the province entered the pandemic with "relative fiscal weakness" b/c of the prolonged oil slump that started in 2014 /2 #ableg #cdnpoli
S&P adds Alberta's budgetary results deteriorated & its tax-supported debt burden "rose to a greater extent" than all other Canadian provinces." Consequently, AB's operating and after-capital deficits are the largest of any local/regional gvt in Canada /3 #ableg #cdnpoli
Read 5 tweets
Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
23 Apr
On a call now with Energy Minister Sonya Savage. The province is halting the exploration for coal for all Category 2 lands, as the committee consults on new coal policy. #ableg
The ban on this will be from now until - at a minimum - after all consultations are complete, Savage says. They want to public engagement process to be engaged "in good faith," she says. More than 25,000 Albertans filled out that coal survey in just three weeks. #ableg
Albertans did not shy away from this survey, Savage says. She says nobody will be restricted from sharing their thoughts during the coal engagement, including on water and environment #ableg
Read 14 tweets
Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
22 Apr
I’ll be getting up early for this summit... which starts at 6am MT. The world leaders will talk in alphabetical order, based on their country. Yes, I wanna see what Australia has to say. No, I don’t know what’s wrong with me. theglobeandmail.com/business/artic… #cdnpoli
Well now this isn’t the leaders talking in alphabetical order at the climate summit at all! So far we’ve had USA, China, India, now UK. It’s a true international journey (that I cannot physically go 😷☹️). I suppose I’ve been all these places already BUT STILL. #cdnpoli
Tell you what tho this is quite the background behind Boris Johnson. Very arty.
Read 6 tweets
Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
21 Apr
SanLing is closing up shop April 30, weeks after the AER suspended thousands of its operating licences. Orphan Well Association has applied to court to have a receiver assume control of SanLing inventory. B/g on the original charges: theglobeandmail.com/business/artic… #ableg #cdnecon #oott
Blair Reilly, AER enforcement director: “Our repeated attempts to bring SanLing into compliance have failed." Says it's "unfortunate" SanLing is ceasing operations, adds AER has "systems in place" for when companies can't meet responsibilities to clean up messes. #ableg #cdnecon
SanLing has apparently committed to an orderly transition of its assets to a receiver, which will in turn figure out where the assets go. Any remaining assets will land with the OWA. So... more for their books then. #ableg #cdnpoli #cdnecon
Read 4 tweets
Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
8 Mar
Exclusive: Alberta wants Ottawa to commit to $30b to spur construction of large-scale industrial carbon capture projects - key to blue hydrogen and helping lower emissions in the oil sector. By ⁦@KellyCryderman⁩ and me. #cdnpoli #ableg #cdnecon theglobeandmail.com/business/artic…
Aside from ⬇️ emissions, Nat Resources Minister O’Regan told CERAWeek CCUS is key for jobs for workers moving from oil & gas. “We think that lowering emissions by having them work on CCUS projects is going to be really important.” #ableg #cdnpoli #cdnecon theglobeandmail.com/business/artic…
The IEA also says carbon capture will be key to energy transition/lower emissions, and costs have fallen significantly. Bonus! Here’s a pic I took of Lindsey Graham visiting the Boundary Dam CCS plant in SK in 2015 as part of a bipartisan US group. #ableg #cdnpoli #skpoli
Read 4 tweets
Emma Graney 🇦🇺🤷🏻‍♀️🇨🇦 Profile picture
10 Dec 20
Australia a police state?!? Scott Moe tried a line like this today as well, to which I say HAHAHAHAHAHAHAAHHAAHHAHAHAHAAHAHHAHAHAHAHAHAHAHA nah. Life is basically back to normal and everyone’s at restaurants and bars and hanging out with friends and family. #ableg #skpoli
In fact I just got off the phone with my 91-yr-old grandmother (in remission from breast cancer) and she had to go because he ride was there TO GO TO THE DAMN GROCERY STORE. Sure. Yeah. Absolutely terrible job they’ve done, so that my grandma can go out shopping 🙄 #ableg #skpoli
The thing my grandma is most upset about with covid is she feels bad she might have not socially distanced properly every time she asked people to pat their dogs. She’s 91, “if I’d known I was going to live this long when my last dog died, I would’ve got another one.” #ableg
Read 6 tweets

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