Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

STEWART MUIR -- It is confusing to hear, from some corners, that the demise of the oil sands is looming. So are the oil sands essential, or dead?

 Stewart Muir, Executive Director of Resource Works

Back in May, when the federal government published its guidance on which sectors would be deemed “critical infrastructure” -- during the COVID-19 pandemic -- energy and utilities topped its list of 10 vital functions.

 

This acknowledgment made perfect sense. Without refineries, pipelines, terminals, road and rail transport, control rooms and centres, drilling, extraction, onshore and offshore production, processing, gas stations, truck stops and chemical manufacturing – to name just some of the activities singled out as essential – life as we live it today would simply not be possible.

 

It wouldn’t have just been Canadians’ daily lives that would be disrupted; energy and utilities are how Canada makes a living. Oil and natural gas exports make up one-fifth of the value of Canada’s exports, letting us acquire things we prefer not to do without and would have difficulty making ourselves. And since 162 billion of Canada’s 168 billion barrels of oil reserves are in the Alberta oil sands deposits, the federal government might as well have declared the oil sands themselves to be essential.

 

So, it is confusing to hear, from some corners, that the demise of the oil sands is looming. Indeed, politicians such as former Green Party leader Elizabeth May and Bloc Québécois Leader Yves-François Blanchet went so far as to declare oil wasn’t just dying, but was already dead.

 

That’s quite a broad spectrum of perceptions. So are the oil sands essential, or dead?

 

In truth, the oil sands are into the midpoint of its thriving story, certainly not its end. And in some cases, we’re on the brink of something new: Within 30 months, the Trans Mountain Pipeline Expansion to the West Coast will be complete, allowing the steady and sizable export by sea of oil sands crude for the first time in Canadian history.

 

Oil still supplies a significant percentage of the world’s energy needs – 32 per cent, according to updated International Energy Agency statistics published last month. Global oil demand is projected to rebound in 2021 and Asia will account for 77 per cent of oil demand growth through 2025.

 

Of course, the particular challenges of the oil sands have never been a secret or a mystery. But we don’t often also talk about the advantages of this geological gift.

 

In contrast to the vast shale fields in the United States, which require constant new investment and drilling activity to replace declining wells, the oil sands are more like farming operations. This has allowed operators to make adaptability a part of their mantra: “How do we optimize and improve our operations?”

 

And those efforts are working. Overall emissions intensity in Canada’s oil sands has decreased by 29 per cent since 2000, and is expected to drop another 23 per cent by 2030. The is the right track to be on.

 

With the rise of environmental, societal, and governance (ESG) factors as screening qualifications for investors, the oil sands are looking like a good bet. Among the world’s top nations for oil reserves, Canada boasts the highest ESG score, an aggregation that measures such data.

 

This isn’t just a sign of the industry’s commitment to do better; it reflects the improvements in the technology associated with oil production, which offers the opportunity to grow Canada’s clean-technology industry from our energy sector.

 

Recently, the Task Force For Real Jobs, Real Recovery found that oil and natural gas will help Canada recover from the pandemic. Reliable nuclear and hydro power were also determined to be needed, along with other renewables, carbon capture and storage, hydrogen, wood products, more efficient electricity transmission, and the development of minerals and metals needed for coming energy transformations.

 

It’s not an either-or discussion between traditional fuels and renewables. They’re so intertwined that we can’t realistically expect to have one without the other.

The climate challenge is monumental.

 

Action is essential. Fortunately, energy-diverse Canada has a large role to play – and most signs indicate that the oil sands can and will be a part of that.

 

Stewart Muir ... is a former editor at The Vancouver Sun, during which time he supported coverage of many aspects of the BC forest industry including the War in the Woods, two rounds of softwood lumber negotiations, several First Nations treaty negotiations, and numerous related themes. Today, he's executive director of Resource Works.

Comments

Popular posts from this blog

GORDON F. D. WILSON: When The Trick Masquerades as The Treat

Thirty-seven years ago, Halloween 1987, I became the leader of the BC Liberal Party.   British Columbia was badly polarized. Social Credit held one side and the NDP the other. It had been twelve years, 1975, since Liberal MLAs Garde Gardom, Pat McGeer, and Alan Williams had walked away from their party to join Social Credit, one year after the lone Progressive Conservative MLA Hugh Curtis had abandoned his party to sit with Bill Bennett, the son and heir apparent to long-serving BC Premier, WAC Bennett.   An unwritten agreement by the biggest Canadian political shareholders, the federal Liberals and Conservatives, decided that if British Columbia was to remain a lucrative franchise from a revenue perspective, they couldn’t risk splitting the electoral vote and electing the real enemy, the NDP, so no resources would be used to finance either a Liberal or Conservative party provincially.   “There are two sides to every street,” I was told by a very prominent Canadian businessman who cont

FORSETH: As a BC Conservative member, and campaign worker, I will again state that the fact these errors were found -- AND brought to light BY Elections BC -- shows the system IS working

Sadly, two and a half weeks after the BC provincial election campaign, those who want to undermine our political process are still at.  PLUS, we also have one who doesn’t even live in our country, never mind our province. I speak of the buffoon running for President of the United States, who has poisoned the well when it comes to faith in the electoral process. Just today alone, comments such as the following, were being made of posts that I shared online: ... all the votes they keep finding has just favoured NDP on in all critical ridings and soon they will flip another riding in favour of NDP, Come on. ... Elections BC has ridiculed British Columbians, and I no longer have confidence or trust in their process and competence regarding the results Then there are others online, with comments like these – who are claiming fraud in the October 19th election: ... Who is the oversight for Elections BC? They should be investigated for election fraud! ... Fraudulent election ... should be red

“With the talent and dedication of this caucus we will hold David Eby to account for his government’s out of control spending and ongoing failures in healthcare, public safety and addictions" — John Rustad

Today, John Rustad, Leader of the Conservative Party of British Columbia, proudly unveiled his shadow cabinet, a dynamic team of talented individuals ready to hold David Eby’s disastrous government accountable and present a strong alternative vision for British Columbia. “ Our shadow cabinet is a diverse and experienced group, committed to restoring prosperity, public safety, and affordability for every British Columbian ,” said Rustad. “ With experts in every field, we are focused on delivering real solutions for the challenges our province faces .” Rustad emphasized the historic appointment of Aaliya Warbus as House Leader. The shadow cabinet reflects the Conservative Party’s vision to build a brighter future for British Columbia. The appointments are as follows: Leadership Positions : Aaliya Warbus – House Leader Bruce Banman – Whip Sheldon Claire – Deputy Whip Portfolios : Tony Luck – Municipal Affairs and Local Government Sharon Hartwell – Rural Communities and Rural Development I

Labels

Show more