As discussions about the possible cap on emissions continue in Canada, with the policy still at proposal stage and increasingly under scrutiny, what's next? A third of Canada's emissions come from oil and gas and this is growing. The big question is, how can emissions be reduced without limiting production? It seems that strengthening industrial oil pricing and promoting decarbonisation through policies is the way forward. The proposed cap is a tool to make sure industry follows through on commitments to decarbonise. The oil and gas industry has committed to reducing methane emissions in the commercial sector and to developing large scale carbon capture and storage facilities. The aim is to create the right investment environment, while promoting decarbonisation and clean growth. #tankers #drybulk

🔍 As the dynamics of North Sea oil and gas shift dramatically, a pivotal juncture emerges with recent government guidance allowing Energy Secretary Ed Miliband to weigh national interests alongside environmental concerns. 🏷️ This move could open doors for enhanced domestic exploration, potentially reducing the UK's dependency on imports while supporting the transition to renewable energy. However, it also presents a complex landscape ripe for scrutiny from environmental advocates and political peers. 🌿 For Levercor, such developments carry profound implications. A boost in domestic production may reshape market dynamics and fuel policy debates. In these changing times, Levercor remains steadfast in its commitment to sustainable energy solutions and positively impacting the UK's energy sector. 🤔 How can we strike an effective balance between economic growth and environmental stewardship? We invite your thoughts! #EnergyPolicy #SustainableSolutions #UKEnergyIndustry

CANADA'S EMISSIONS CAP FUTURE Ottawa Discussing Future of Emissions Cap With Alberta, Oil Companies: Resources Minister - Learn More: The federal government is in discussions with Alberta and the oil industry about the future of the sector’s emissions cap, Energy Minister Tim Hodgson said Friday. https://hubs.la/Q03Jd5Fc0 #canada #oilandgasindustry #oilandgacompanies #alberta #energy #cdnpoli #canpoli #emissions

Polluters should pay to reduce their emissions, not the public. LNG is a high-emissions industry in part because it takes a lot of energy to liquify natural gas. Existing plans to reduce emissions include over CAD 778 million for transmission infrastructure from the governments of British Columbia and Canada alongside a CAD 655.95 million in carbon tax exemptions from the BC government. While economy-wide emissions reductions are needed, the responsibility should lie with fossil fuel projects, not Canadians. These resources could be better spent on housing or rolling out more heat pumps that directly benefit British Columbians by lowering utility bills and cutting emissions. In the face of new LNG expansion, the Government of British Columbia should: ➡️enforce the requirement for LNG facilities to be fully net-zero by the end of 2030 ➡️exclude LNG facilities from the Clean BC Industry Fund ➡️charge LNG projects the full cost of grid electricity phase out tax subsidies to ensure government revenue For more, read our latest report, Launching a Loss, by Danielle LaBrash, Nichole Dusyk, and Zach Rempel, which outlines the scale of public support for LNG, while making recommendations to increase its transparency and phase out fossil fuel subsidies: https://lnkd.in/eZT9xzSd 

The US federal administration may be turning away from the energy transition but many of America’s most important businesses and investors are certainly not, according to think tank Chatham House. #gasworld #industrialgas

By 2050, 94% of the UK’s gas could come from imports — exposing us to global shocks we can’t control. By 2027, more than two-thirds of the UK’s gas requirements are expected to be met by imports. Even if new North Sea projects are approved, projections suggest this figure could rise to around 94% by 2050. This trajectory raises serious energy security and market risk concerns. Relying heavily on overseas suppliers exposes the UK to price volatility, geopolitical uncertainty, and supply chain disruptions. A large share of this supply is likely to come as liquefied natural gas (LNG), which is not only more carbon-intensive but also more vulnerable to global market shocks compared to pipeline gas. Strengthening domestic energy resilience is therefore not just a climate imperative — it is an economic and security necessity. Reducing overall gas dependency while investing in diverse, reliable, and low-carbon energy sources will be central to ensuring stability for businesses, households, and the UK economy in the decades ahead. #EnergySecurity #UKEnergy #EnergyTransition #MarketRisk #Sustainability #EnergyPolicy #ClimateAndEconomy #FutureOfEnergy

🎯 Missing from the government’s 62-70% by 2035 emissions target is a plan on how carbon-heavy industries reliant on coal, oil and gas will actually decarbonise. Expanding the safeguard mechanism to include heavy trucking and power generation would help, but was curiously absent from the tomes of reports and modelling released today. Full report 👇

“another situation that is untenable is the continuous opening of new gas fields. With just 25 years until we are supposed to hit net zero, the risks that new gas poses to the climate, farmland, groundwater, biodiversity and First Nations culture are far too great.”

Energy Secretary Wright asks the National Petroleum Council to study Future Energy Systems, exploring how US energy resources can be harnessed to strengthen national security, support the economy, and provide families energy. #energy #power #policy #npc https://lnkd.in/eD8k8FqX

"DECARBONIZED OIL" IS AN UNFAIR BURDEN FOR ALBERTA AGAINST THE REST OF THE WORLD - ONE COUNTRY, TWO MARKETS: The Shaky Promise and Unfair Burden of “Decarbonized” Oil – Ron Wallace - Read it Here: https://hubs.la/Q03MW4Gh0 Is “decarbonized” oil really a potential panacea – or an oxymoron that makes no more sense than “dehydrated” water? In this original analysis, former National Energy Board member Ron Wallace evaluates whether a massive push for carbon capture and storage can transform Alberta into a “clean energy superpower” – or will merely saddle its industry and government with a technical boondoggle and unbearable costs while Eastern Canada’s refiners remain free to import dirty oil from abroad. #canada #upstream #oilandgasindustry #alberta #energy #oilsands #oilandgascompanies #carboncapture #abpoli #canpoli #cdnpoli