Oil and gas company Canadian Natural Resources Limited is deferring an expansion to one of their oilsands mines, citing uncertainty until the federal government finalises their environmental policies, which naturally led the Conservatives to theatrically start going into histrionics. The problem, of course, is that the facts don’t exactly line up with this kind of outsized reaction. These mines have not really been subjected to carbon pricing and have, in fact, generated carbon credits for the company that they can sell at a profit (thanks to Alberta’s absurdly generous carbon credit system that undermines the effect of more stringent carbon pricing). And their talk about sequestering emissions misses the point.
As always, Andrew Leach is here to explain.
https://twitter.com/andrew_leach/status/2029702579563925736
https://twitter.com/andrew_leach/status/2029703932369584402
https://twitter.com/andrew_leach/status/2029700820573532644
https://twitter.com/andrew_leach/status/2029705629942857807
https://twitter.com/andrew_leach/status/2029759527567114438
I noticed that in some of the replies, it was stated that CNRL’s owner is trying to leverage this for more corporate welfare, which would not surprise me in the least.
Ukraine Dispatch
A Russian drone damaged a civilian ship carrying corn from the port of Odesa. Repair crews have restored power to the Zaporizhzhia nuclear plant, necessary for its cooling operations. Russia and Ukraine have swapped 200 prisoners of war, out of a planned 500 each. Ukraine’s new F-16 fighter jets have been starved of American-made missiles for more than three weeks, limiting their ability to shoot down missiles and drones.