Talk about biting the hand that feeds.
Norway’s sovereign wealth fund — the world’s largest — is set to support climate resolutions at the shareholders meetings of Exxon and Chevron even as its state oil company expands oil and gas exploration in what climate activists describe as giving “the middle finger” to the Paris Accord.
Government Pension Fund Global — the Norwegian equivalent of the CPP — told London’s Financial Times, it will support resolutions to introduce Scope 3 emissions targets at AGMs in Irving, TX and San Ramon, CA next week.
It comes even as the Norwegian energy ministry announced this month it would step up oil exploration in the Barents Sea to improve Europe’s energy security in the wake of Russia’s invasion of Ukraine. Last year the country overtook Russia to become the EUs largest supplier of oil and gas.
A new report commissioned by the David Suzuki Foundation declared producing LNG in Canada and shipping it abroad will increase the likelihood of missed emissions targets and exacerbate the climate crisis, even if it replaces coal.
“In light of the overwhelming evidence, fracked methane gas should not be granted a special privilege in the energy transition. It remains a fossil fuel with unacceptable climate impacts, and its continued production will delay and impede the transition to emissions-free sources of clean energy,” foundation senior climate policy adviser Tom Green said.
Fossil gas, marketed as “natural gas” and its liquefied form used for long-distance maritime transport, “liquefied natural gas” (LNG), have been proposed as a middle ground between more carbon-intensive fossil fuels and renewable energy.
This report covers the science on the climate impacts of gas, the necessary reductions in gas supply and demand under the Paris Agreement and how this disqualifies Canadian LNG as a climate solution. Possible incremental reductions in global GHG emissions resulting from Canadian LNG are not enough to be part of a Paris-aligned energy transition. Canadian energy would be better directed at promoting a direct transition to renewable energy at home and abroad.
Exporting B.C. LNG makes the climate crisis worse, not better. It’s time for the province to pull the plug on any further LNG expansion and to cease providing public financing, infrastructure support or preferential treatment for the sector.
Once again, Canada will almost certainly fail to meet its target to reduce greenhouse gas emissions by 40 to 45 per cent by 2030 in accordance with the most recent Intergovernmental Panel on Climate Change (IPCC) recommendations.
This is despite the government’s optimistic spin on the release of its latest emissions inventory report. Jerry DeMarco, the environment commissioner in the Auditor General’s office, has criticized the government’s record as a litany of broken promises:
“We have been repeatedly ringing the alarm bells. Now, these bells are almost deafening.”
Canada is the only G7 nation with 2022 carbon emissions levels that are above its 1990 levels. It has among the highest greenhouse gas emissions per capita in the world, and its fossil fuel industry is also among the world’s largest.
And its financial institutions — banks, pension funds and private equity firms — fund the industry and are therefore helping fuel the climate crisis.
The German Advisory Council on the Environment is a body of experts convened by the Federal Republic of Germany to advise the state on matters of environmental policy. I’m grateful to @tomdabassman on Twitter for drawing attention to its recent and deeply creepy 200-page report on ‘The obligation of policymakers: facilitating environmentally friendly behaviour‘. It abounds in remarkable and revealing statement, and I’ve spent a good part of the day studying it for a longer post that I hope to write in the coming weeks.
For now, I want to draw your attention to the introduction, which is bad enough. Its authors depart from the premise that the state currently lacks “policy measures… targeting environmentally relevant behaviour”, and join others in affirming that it is the job of the state to nudge individual decisions in the right direction. Tellingly, both the pandemic and the sanctions-induced European energy crisis play a very large role in their thinking:
The carbon footprint of private jets in the UK is on a par with 200,000 people taking a return flight to Hong Kong, according to a government-commissioned report calling for the number of flights to be halved.
Twitter Share on Linkedin Open more share options Breadcrumb Trail Links News Canadian Politics PBO defends unflattering analysis of green-regulation cost impacts against Liberal attacks Yves Giroux said his team’s conclusions were never questioned by St
OTTAWA – Despite Liberal attacks, Canada’s budget watchdog is standing by his office’s analysis showing a rise in the cost of gasoline from Ottawa’s new fuel regulations, insisting that it is not his job to help promote government policies.
The Parliamentary Budget Officer released on Thursday a distributional analysis of the Clean Fuel Regulations (CFR), showing how the new Liberal policy will increase the price of gas and diesel when the program is fully implemented by 2030. The PBO estimated that at the national level, in 2030, the cost of the CFR to households would range from $231 for lower-income households to $1,008 for higher-income households.
His analysis also showed that the impact will mostly be felt by lower-income households for whom the price difference represents a larger share of their disposable income. As a result, the PBO called the CFR “broadly regressive.”
‘Resentful and Bitter,’ Jordan Peterson condemns Rachel Notley’s NDP at Alberta rally Dr. Jordan Peterson labeled Rachel Notley’s NDP as “resentful and bitter” at his Take Back Alberta event.
With just one week to go until Alberta’s provincial election, Peterson was more political than usual.
“Alberta is facing a very interesting election. It’s an election of international significance,” he said.
“You’ve got 10 days on a close election, and if the net zero types win, you’ll get exactly what you deserve. The whole world will,” Peterson added.
Peterson told the rally goers to call everyone they know and get them involved to take action against Rachel Notley’s NDP.
The Counter Signal’s Editor-in-Chief Keean Bexte attended the event, calling the atmosphere “edgy.”
“It’s like a Trump rally,” Bexte tweeted.
He added, “REMINDER: @jordanbpeterson and Rachel Notley grew up together. He called her party, and it’s members ‘resentful and bitter and false.’”
Commentator and author Rex Murphy also spoke at the event. Murphy told the crowd his pronouns were “The carbon tax is horseshit.”
New York City will begin tracking the carbon footprint of household food consumption and putting caps on how much red meat can be served in public institutions as part of a sweeping initiative to achieve a 33 percent reduction in carbon emissions from food by 2030.
Toilets are signs of white supremacy