The Globe and Mail reports in its Friday, Feb. 5, edition that the
National Energy Board says total energy use in Canada, including
use of oil, will rise. The Globe's Jeffrey Simpson writes that the NEB says if you kill all four major oil pipelines, TransCanada's Energy East and its Keystone XL, Kinder
Morgan's Trans Mountain and Enbridge's Northern Gateway, it would not matter all that
much. Growth in energy use, including
oil, would be only marginally
lower.
Oil will find markets, shipped
by train if not by pipeline, and
markets here and abroad will
continue to exist. The shipment
of oil by train is more expensive
than by pipeline. It will cut bottom-line profits, but not by
enough to trim very much production.
Train shipment will
slice 1.7 per cent off Alberta's
GDP.
Renewables will continue
to grow, but from a very
small share of total energy
demand. Renewables'
growth, however, cannot
possibly replace the energy lost
from phasing down coal and filling
the country's rising energy
requirements. To suggest otherwise, Mr. Simpson says,
is fantasy.
Greenhouse gas
emissions dropped only
3 per cent from 2005 to 2013,
leaving Canada way below the
Harper government's stated targets.
© 2024 Canjex Publishing Ltd. All rights reserved.