Exaggerations in the pipeline

Exaggerations in the pipeline

There are a lot of claims about the benefits that the Kinder Morgan Trans Mountain Extension (TMX) pipeline project will supposedly have for BC, and Canada generally. Recently, I listened to Alberta Premier Rachel Notley on the CBC the other day making her pitch, emphasizing the economic benefits for BC. Some of what she said made me immediately reach out to Google to try verify the claims she made. Along the way, I looked critically at some of the other assertions the pipeline promoters have made. In the interest of fairness, I’ll briefly mention some of the exaggerations of the pipeline opponents.

At the outset, let me say that I’m generally inclined to support Premier Notley. In particular, I’m an admirer of the Alberta Climate Leadership Plan that was put together by an expert panel led by University of Alberta economist Andrew Leach. This was a major step forward by an oil-producing province traditionally governed by conservatives. To be sure, the plan is insufficient to reduce emissions to safe levels, but there are yet no such plans enacted anywhere.

Show me one. Continue reading

The looming irrelevance of big oil

The looming irrelevance of big oil

This a long piece that would probably be better split up into several separate, focussed articles. Never mind, consider it as a rambling, idiosyncratic and opinionated mind-dump on the subject of the future of oil. I may later rewrite parts of it more coherently and rigorously for a wider readership. As I make my way through the recently published IEA WEO 2016, I will provide updates.

Pioneers or pariahs?

James Gandolfini, the late actor who played the gangster boss Tony Soprano, was once asked what profession he would never have wanted to have pursued. He answered: “an oilman” (video at 5:00). Those of us who have followed careers in the oil industry might be a little surprised, but not really that shocked, by a response like that.  To many people, oil companies and the people who work in them are often seen as the embodiment of greed and environmental destruction. Oilmen get used to being thought of as pariahs. Continue reading