Y’all Canadiens need to reign in the ludicrous green energy spending / proposed regulation that is coming down the pipeline. Carbon tax, limits on natural gas generation, hydrogen (ha!), carbon capture and sequestration on new industrial and power generation capacity - the list goes on and on. Absolutely insane some of the communist things your federal government is communicating as it pertains to the future of “fossil” energy.
Eh?
Haha it’s crazy how many people still believe oil comes from dead dinosaurs.
And yes I could not agree more.
The good news is that Alberta/Sask who lead the country in energy are done with the federal government. They’ve been pushed to their limits and are now fighting back.
Danielle Smith (premier of Alberta) is on the handful of politicians that I trust. So far anyways. She’s been great for Alberta and Canada overall.
It’ll take some time but we’ll turn this ship around. One day at a time.
The rhetoric of our current government does not represent the majority of our population.
Carbon tax won’t make it, natural gas production is a provincial matter and the federal government can pound sand, and carbon capture is actually a relatively cheap and easy way to make targets, and is supported by the oil and gas industry. It’s one of the main reason Buffet is buying up so much OXY stock.
You’re good up until you get to carbon capture … that’s a big ‘no go’. Most oil companies are cool supporting it because it will quickly reveal the cost to governments and the people won’t have it. Go do some more research and apply the academic conclusions to the real world. Economics don’t work out…
for example, $85 45Q in the US means that 1 MTA/yr emissions would cost $85M to the taxpayers (or money printers). Those numbers don’t include the capital cost of adding a facility, which is $100sM USD.
1MTA represents the less than the emissions from one large industrial facility.
The scale of the numbers becomes staggering, quickly.
Costs to governments?
They are not investing billions of dollars into this technology just to prove it’s too expensive.
