CPPIB’s fracking operation in U.S. raises questions

Oh Canada! How Canada’s largest pension fund is financing drilling along Colorado’s Front Range

Colorado Independent
By Daniel Glick, The Story Group -March 22, 2019

For Globe and Mail subscribers

CPPIB’s fracking operation in U.S. raises questions
https://www.theglobeandmail.com/business/article-cppibs-ownership-of-crestone-raises-questions/

PREVIEW

If there’s one holding in CPPIB’s $434-billion portfolio that brings the debate over investors and climate change into sharp relief, this is it.

CPPIB emphasizes its renewable-energy investments – $6.6-billion at the end of March, 2020, twice as much as the year prior. It calls the threat of climate change “one of the world’s most significant physical, social, technological and economic challenges.” Yet CPPIB, with $11.6-billion invested in conventional energy, still sees opportunities for big returns in oil and gas – including fracking, one of the most controversial parts of the energy industry.

“We don’t see any contradiction whatsoever,” said Michel Leduc, CPPIB senior managing director and top spokesman. The global transition away from carbon will be gradual, he said, with the International Energy Agency estimating that even with a “relentless focus” to reduce emissions, fossil fuels would fulfill 58 per cent of world energy demand in 2040 – down from 81 per cent in 2018. “To be abundantly clear, there are attractive opportunities in the oil and gas sector that remain today, and, we believe, into the future,” Mr. Leduc says.

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‘Brainwashed’ podcast reveals the shocking true story behind a prolific conspiracy theory

https://www.cbc.ca/radio/podcastnews/brainwashed-podcast-reveals-the-shocking-true-story-behind-a-prolific-conspiracy-theory-1.5733067

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5 Good Reasons to Spread Compost as a Part of Fall Lawn Care

One test if compost finished.
Put three cups of compost in a sealed plastic bag. Let it stand overnight at room temperature. If the bag has expanded when you check in the morning, the compost is unfinished. Turn the pile and test again in a few weeks.

See the following for other tests and info.

https://www.thespruce.com/good-reasons-to-compost-in-fall-2152986

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$100,000 in bribes helped fraudulent Amazon sellers earn $100 million, DOJ says – Ars Technica

Looks like buyers need to be weary of even Amazon approved resellers at least in some categories.

https://arstechnica.com/tech-policy/2020/09/doj-amazon-workers-took-bribes-to-reinstate-sellers-of-dangerous-products/

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Alberta RCMP charge driver allegedly sleeping in a self-driving, speeding Tesla on Highway 2

https://globalnews.ca/news/7340881/driver-sleeping-iself-driving-speeding-telsa-qeii/amp/

Not sure if they asleep or doing this for kicks as the officer claims the vehicle started to accelerate from about 140 to 150 once they put sirens on.

Regardless a Tesla in autopilot mode checks for active driver supervision. Would you mod or hack your driver assist car to be fully autonomous and then you and your passenger recline right back or sleep while it drives 140? I wouldn’t trust it even on the Autobahn or US interstates. One Tesla in the states driving in autopilot mode hit a concrete barrier for an off ramp at highway speed without even braking and killed the driver.

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Fossil fuel demand has likely hit its peak, BP says – Globe and Mail

Pumpjacks draw oil out of the ground near Olds, Alta., Thursday, July 16, 2020. THE CANADIAN PRESS/Jeff McIntosh
Emma Graney Energy reporter
Published September 14, 2020

For Subscribers

Options to listen to or read article

The article gives two different opinions and three scenarios from BP about future oil demand and it differs for natural gas.

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-fossil-fuel-demand-may-have-hit-its-peak-bp-says/

Archive below

Related

We’ve Been Incorrectly Predicting Peak Oil For Over a Century – Gizmodo 12/11/2014

Comments

It hard for Alberta oil sands producers to compete with state run and other large producers in Saudi Arabia, Russian and elsewhere due to more costly production and refinement plus better human rights and environmental protections.

Just the latest headline in a stream of bad news for the oil industry over the past year. Other gems include:

“The New Geopolitics af Energy: Power is shifting from longtime oil giants like Russia and Saudi Arabia to innovators like China and maybe the US” (WSJ)

“Exxon’s departure from Dow highlights market’s retreat from energy bets” (WSJ)

“Bank of England chief Mark Carney issues climate change warning” stating up to half af
already developed oil reserves will be stranded. (BBC)

“BlackRock C.E.O. Larry Fink: Climate Crisis Will Reshape Finance” (NYT)

“US Supreme Court deals blow to Keystone oil pipeline project.” (G&M)

In ether words, huge geopolitical, economic and environmental forces are disrupting the
global oil industry, none of which can be blamed on Trudeau and the Liberals.

If Alberta is smart. it will step playing ‘victim’ and start working with the Feds ta develop programs that support jobs for the 21 st century. Legacy oil sands players may run for another I a-20 years, but they won’t be creating new jobs the province needs to make a living now or in the decades to come.

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Facebook threatens to block news sharing for Australian users

Facebook threatens to block news sharing for Australian users
https://www.theglobeandmail.com/world/article-facebook-threatens-to-block-australian-news-sharing/

France is considering similar changes so digital platforms like Facebook and Google who benefit from news content being shared must contribute to the content.

The Canadian government is considering changes to the Broadcasting ACT so foreign digital platforms can be regulated by the CRTC.

“the threatened ban might backfire on Facebook by making the social media network less engaging while allowing fake news and conspiracy theories to flourish there without legitimate news sources to counter misinformation, wrote Rob Nicholls, director of the Cybersecurity and Data Governance Research Network at the University of New South Wales in Australia.”

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Meet the Watfly Atlas, a Personal Electric VTOL Coming in 2021 – Robb Report

https://robbreport.com/motors/aviation/personal-aircraft-new-form-of-mobility-2915678/

Interesting vertical take off and landing vehicle student project at the University of Waterloo. You can advance purchase for about $150,000. Apparently no license needed in at least the US but I would think everyone better of if the drivers did at least initially until their training and technology proven to be reliable. They can’t fly over congested areas or designated air space but that still leaves lots of practice uses. It says it has emergency parachute but doesn’t say if it for occupant or vehicle.

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Will COVID-19 be the end of globalization? – Has globalization been killing the middle class?

I agree that globalization has been killing the middle class and consolidating wealth rather than distributing it as has been claimed by supporters of it.

Like most things there needs to be a balance and more protections need to be put in place to ward off greed and corruption.

Will COVID-19 be the end of globalization? – Globe and Mail

Archived below

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Tesla employee bribed with US$1 million helps FBI arrest Russian hackers – New and Used Car Reviews, Comparisons and News | Driving

https://driving.ca/tesla/auto-news/news/tesla-employee-bribed-with-us1-million-helps-fbi-arrest-russian-hackers

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