Opposition to shale gas development has been fueled by fears that fracking could adversely affect our drinking water resources. A just-released study from the U.S. Environmental Protection Agency should help douse such fears. The exhaustive, 998-page report "did not find evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States."
Just about every aspect of our lives involves a certain amount of risk, of course. It's all about risk management. And indeed, despite the occasional high-profile accident like last week's spill in California, pipelines in general remain very safe. One realistic alternative to transporting Canadian oil by pipeline is transporting that same oil by train or by truck. Yet both of these methods of transport are less safe than pipelines. Logically, then, we should transport as much oil as we can by pipe, and as little as possible by rail or road.
Hydro-Québec indirectly subsidizes the wind power sector to the tune of $695 million a year, which amounts to some $200 per Quebec household to produce a tiny fraction of the province's energy. With an estimated 40 billion barrels of oil, developing this resource would provide a minimum of $160 million a year in royalties for the Quebec treasury over 30 years.
Energy consultants have been helping companies reduce operator error, identifying energy wasting systems and proposing energy efficient retrofits for a while now. But what is new is the next generation of energy efficiency companies who are using super smart meters and big data to identify, measure and wrestle energy sucking systems to submission.
There was no Earth Day speech. No urgent call to action. No outlining of the threats we face or the way in which we were going to work together to meet them. There wasn't even an Earth Day tweet -- just silence. It was a very stark reminder of his priorities. U.S. President Barack Obama's speech noted that we are already experiencing the impacts of climate change. The fact that 2014 was the hottest year ever recorded, that droughts, storms, and wildfires are increasing all over the planet in both frequency and intensity, and how climate change is already adversely affecting the air our children breathe.
When former federal cabinet minister David Dingwall was questioned about a generous buyout package he received in 2006, his oft-quoted reply was, "I am entitled to my entitlements." It caused much outrage. But as the biblical expression goes, let whoever is without sin cast the first stone, because perhaps we're all a bit guilty of entitlement.
You don't have to spend tonnes of money on cleansing programs, protein powders or the latest miracle food to achieve your health and wellness goals. I am not saying don't eat gogi berries (or this month's equivalent miracle food). I am just saying that you don't need to spend oodles of money or follow a restrictive "diet," you just need to get back to basics.
The new TransCanada pipeline isn't about getting energy east -- it's about getting crude oil east. When discussing the environmental impact of oil sands development, stop using the benign sounding "tailings ponds" when we're actually talking about "toxic sludge." Ducks aren't killed when they land in ponds.
First, Keystone XL does NOT "bypass the United States," as the President claimed it did in the earlier statement. A consultants report from IHS Energy found in February that "Canadian crude making its way to the USGC (the US Gulf Coast) will likely be refined there, and most of the refined products are likely to be consumed in the United States."
The president's rationale for rejecting the Keystone Approval Act is not actually based on an assessment of whether Keystone XL is in the U.S. national interest--that process is ongoing at the State Department. Rather, Mr. Obama's veto justification is that the Act "attempts to circumvent longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest."
According to the Oil & Gas Journal (OGJ), Norway had 5.83 billion barrels of proven crude oil reserves as of January 1, 2014, the largest oil reserves in Western Europe. The enormous income to the state from the industry made it possible to create a global pension fund that now owns more than one per cent of global share value.