Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.
Canada’s export bank, Export Development Canada (EDC), already provides on average nearly fourteen billion dollars in support to oil and gas companies each year. As a result, Canada ranks second highest among G20 countries in public finance for fossil fuels. Now the federal government is using EDC to channel even more support to the oil and gas sector, which has been intensely lobbying the government for a bailout package of up to $30 billion.
This report reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry.
Each year, federal and provincial governments pay billions in hand-outs to Canada’s coal, oil and gas companies, undermining both existing and proposed climate action in Canada.
Canada does not need new pipelines, in spite of repeated misleading claims by the oil industry. That’s the conclusion of a new Oil Change International (OCI) analysis showing that Canada has ample pipeline Capacity to export all existing and under construction oil production to market from western Canada.
A report for investors on why Shell's and BP's tar sands plans are a bad bet
The idea that greater pipeline capacity and access to tidewater would maximize the value Alberta receives for its tar sands crude is a standard talking point for industry, politicians, and other commentators in the ongoing oil price-induced recession in Alberta.
The Canadian tar sands is among the most carbon-intensive, highest-cost sources of oil in the world. Even prior to the precipitous drop in global oil prices late last year, three major projects were cancelled in the sector with companies unable to chart a profitable path forward.
The U.S. already imports over 2 million barrels a day from Canada. It did not protect us from rising prices in 2008, it hasn’t this time, and it never will.
