Baker Hughes CEO Simonelli notes…
Gazprom has held a monopoly…
The growing polarization in the climate change debate reveals an “extreme” lack of leadership among Canada’s politicians, MEG Energy’s chief executive Derek Evans said at an industry event, as quoted by Bloomberg.
“Some of us have banged on the prime minister's door and said, 'I would like to talk to you,' but I can't get in. Either I'm not big enough, I'm not loud enough, I don't represent enough people,” Evans said, adding, “We're not shying away from trying to get in there and create those conversations but I'll go out on a limb and say I have never seen such an extreme lack of leadership across all parties about something that is as central and as critical to the jobs and the economy of this country.”
Canada’s energy industry has been feeling the pressure from an increasingly active and loud environmentalist community, which, together with provincial governments and the federal government, too, has put more or less a stop to any major expansion plans.
Commonly described as one of the dirtiest ways of extracting fossil fuels from the ground, oil sands production has suffered a double blow in recent years: one from the 2014 oil price collapse and another one from the major opposition to new pipelines to carry Alberta’s growing production.
In the first case, a guard told the man wearing a T-shirt that said “I love Canadian oil,” ‘Sir, I’m gonna have to ask you to remove your shirt because some people may be offended by the message,’ after which he invited him to either turn the T-shirt inside out or leave the premises.
In the second case, the couple wearing the pro-oil T-shirts was told ‘Just so you know if you come back for a tour, you can’t have those shirts on because they are too political.’
By Irina Slav for Oilprice.com
More Top Reads From Oilprice.com:
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.