Why we must get Canadian energy to global markets
Canadian LNG can lower global emissions while creating prosperity at home
Canada has an abundant natural gas resource that’s estimated to be 1,220 trillion cubic feet; enough to serve current markets for 300 years, and positioning us well to meet emerging demand worldwide. Canadian LNG would create up to 65 per cent fewer greenhouse gases than coal when used in Asia to generate electricity, as Canadian LNG facilities will have lower emissions intensity than LNG produced anywhere else.
According to the Institute for Energy Economics and Financial Analysis, China alone is adding one large new coal-fired power plant to the grid every two weeks. The window for Canada is open right now. Canada’s significant natural gas resources can help meet global demand and reduce global GHG emissions by displacing coal-fired electricity generation in China, India and southeast Asia.
With the total net global GHG reduction from each Canadian LNG plant estimated to be about 100 MtCO2e per year, we can achieve the equivalent of removing 22 million cars from the roads. It means Canada can make a much bigger difference outside of our borders in lowering global GHG emissions than we could ever achieve by focusing only on ourselves.
In turn, these emissions reductions must be recognized both domestically and internationally and contribute to our commitment under the Paris Agreement. For this to happen, Article 6 of the Paris Agreement must enable countries to share offset credits – called Internationally Transferable Mitigation Outcomes (ITMOs) – from another country.
https://www.jwnenergy.com/article/2019/12/why-we-must-get-canadian-energy-global-markets/
By far the best option is to lay new oil and natural gas pipelines at the same time in an all-Canadian Energy East corridor to Saguenay and to Atlantic Canada thereby saving billions in construction costs, minimizing ecological disruption, and packaging the GHG-reducing LNG projects with crude oil transmission.
https://mikepriaro.wordpress.com/2019/02/22/atlantic-canada-lng/
It's in Canada and the world's interest to make this happen.
That's why Bear Head remains viable.
