Friday, December 12, 2014

Wake up Canada - part 3

At the recent QUEST 2014 Conference in Vancouver one of the speakers defending the need for developing Canadian oil and gas resources used this argument in a supposedly ironical question: "Whom would you rather buy [oil and gas] from - Nigeria, Russia, Venezuela - or Canada, which is a democracy, country with a stable economy and banking system, and a reliable ally [of the US] ... ?"

Firstly, I want to ask: do we (Canada) really want to put ourselves in the company with Russia, Venezuela and Nigeria??  
Secondly, do we need to convince ourselves in what we want to believe? We should not kid ourselves - whoever wants to buy, will buy where they can find it cheaper. There are reports that ISIS is the wealthiest terrorist organization in the world. The major source of its funds comes from sales of oil on black market reaching a quarter of billion US dollars a year. Do they sell at world market prices, or do their buyers care about their vendor being a democracy? I think these are rather rhetorical questions ...    

If it weren't bad enough, there is the global oil and commodities crisis bringing Russia's oil-dependent economy to the brink of recession and hurting Latin American and other oil producers. But wait, what is it - Canadian stock market is also down as well as Canadian dollar, Alberta and other Canadian provinces relying on oil revenues are making significant cuts to their budgets. Why do we find ourselves in the same hole? Can it get worse? Yes, and it probably will. Could it be avoided? Yes - see my previous posts on the subject: Wake up call for Canada and Wake up Canada - part 2

I am actually convinced that the current "oil trough" (the opposite of the "oil peak" anticipated in 80s and 90s) is good for renewable energy. Why? Because it will squeeze out more expensive and more harmful fracking and shale oil extraction. By the time of the next rise of oil prices which will not take too long to wait for, may be a year or two, the world will become a little "greener" and hopefully we will not want to turn back to "dirt fuels". The ascent of clean alternative energy is near.

Thursday, December 11, 2014

Wake up Canada - part 2

Ban Ki-moon, in an exclusive interview with CBC News, says Canada needs to stop stalling on setting climate change goals, and instead become "ambitious and visionary."
The UN Secretary General, while acknowledging the Stephen Harper government pledged $300 million dollars to the UN's Green Climate Fund that helps developing countries fight climate change, said there's more to be done by Canada at home.
"It's only natural that Canada as one of the G7 countries should take a leadership role," he said in an interview with CBC News chief correspondent Peter Mansbridge on The National.
Part of that change would involve moving away from a reliance on fossil fuels.
"There are ways to make a transformative change from a fossil fuel-based economy to a climate-resilient economy by investing wisely in renewable energy choices," he said.
According to the recent 2014 Climate Change Performance Index, a report from European groups Climate Action Network Europe and Germanwatch, only Australia rivals Canada in terms of its poor climate change record, among 34 countries analyzed.
Ban said there's additional pressure for Canada to act in the wake of the recent deal between the U.S. and China to cut greenhouse gas emissions by 2025.

UN Climate Change Conference talks are ongoing in Lima.

Friday, December 5, 2014

QUEST 2014

Back from Vancouver where attended QUEST 2014 Conference and Trade Show. I will share more when process all the information which was a lot. Here are some of the impressions from the conference.