1 of 6/ OPEC+, Climate, and N. America Oil & Gas
The weekend noise around OPEC+ highlights the critical importance of a healthy N. America oil & gas industry, without which the world is unlikely to alleviate energy poverty while also addressing climate change. Some questions:
The weekend noise around OPEC+ highlights the critical importance of a healthy N. America oil & gas industry, without which the world is unlikely to alleviate energy poverty while also addressing climate change. Some questions:
2/ Why block/impede North America oil pipelines/infrastructure while begging OPEC+ for more supply? Canada is our friend and a pretty great country. Can’t say the same for some other parts of the world.
3/ Why discourage development of Canada’s oil sands or US shale while encouraging Saudi, UAE, Iraq, and Russia (?!?!?) to boost its output? And Iran might get to return but Canada pipes need to be blocked? WTF?
4/ The oil & gas industry for its part needs to get on its front foot in addressing climate challenges, with methane an obvious addressable problem. It is possible to move away from deny and delay while not succumbing to appease and perish.
5/ There are circa 2 billion humans that do not have reliable access to energy. None of them will start with a Tesla and very few will have distributed solar. The world’s least advantaged critically need secure and affordable oil & gas. So do the billions of working/middle class.
6/ Demonizing the oil & gas industry will fail to reduce energy poverty, is negative for energy security, and will ensure that whatever climate progress that could occur will get pushed further to the right. The world needs a healthy and responsible N American oil & gas industry.
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