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200, 340 Midpark Way SE

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Phone: 403-452-3713

Fax: 403-452-3769

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Norther Alberta: 780-882-9019
Saskatchewan: 306-539-9711

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    Realty Check: Canada Will Not Be Able to Reach it's Emission Reductions Goals Without Having Natural Gas in the Mix

    Canada Can’t Reach its Emission Reductions Goals Without Natural Gas

    Realty Check: Canada Will Not Be Able to Reach it's Emission Reductions Goals Without Having Natural Gas in the Mix

    As winter temperatures set in around the world – causing energy prices to soar – reality has also set in with politicians, as they now know they won’t be able to achieve their greenhouse gas emissions reduction goals while maintaining energy stability.

    New European Sustainable Investment Guidelines

    Europe came to the conclusion, so much so that on January 1, 2022, the European Commission published draft changes to its Sustainable Investment Guidelines that would add natural gas to the mix of approved green energy investments. If this new standard gets adopted in Europe and Asia, Canada must follow suit. The federal government must acknowledge that to reach our net-zero emissions targets we need to include natural gas into the energy mix.

    Europeans have also acknowledged that natural gas reduces emissions by 50% over coal. Canada has an estimated 1,382 trillion cubic feet of natural gas reserves. At today’s prices, about $4 per thousand cubic feet, every trillion cubic feet is worth $4 billion; 1,382 trillion cubic feet would be worth $5.5 trillion. Governments would take a large share of that $5.5 trillion in taxes.  All Canadian’s stand to benefit from our very important LNG production and export opportunities.

    With the green energy transfer mechanism in the Paris agreement allowing Canada to receive credit when reducing emissions in other countries, we could quickly get to net negative with an aggressive LNG export and power plant conversion strategy.

    How can Albertans benefit from the new European Sustainable Investment Guidelines?

    Alberta is in the process of converting its remaining coal-fired plants to natural gas. Once we are done, we can help the rest of the world do the same.

    Global Energy Monitor shows there are still 109 countries operating 13,284 coal-fired electricity plants with  2.1 million MW of installed capacity , producing  9,379 MT  of carbon dioxide each year. China is responsible for 51% of that amount. The next biggest emitters are India and the United States.

    If we can convert all of the world’s coal plants to natural gas by 2030, we would reduce global greenhouse gas emissions by 4,689 MT. That’s more than 6x Canada’s total annual emissions. Now we just need to convince our federal government that Canada’s LNG exports are an important part of the future global energy mix.

    To read more https://calgaryherald.com/opinion/columnists/smith-best-way-for-canada-to-get-to-net-zero-is-to-export-lng. Danielle Smith is the president of Alberta Enterprise Group.

    #AiMforLNGExports

    We want to align ourselves with the global energy transition, a transition that we see taking place in all facets of the industry – oil and gas clients, renewable energy players, government and investment.

    Read more: https://aimlandservices.com/net-zero-initiative/

    #NetZero #RealityCheck #LNGexports #ConvertCoalPlantsAlberta #EuropeanSustainableInvestmentGuide

    “The Future of Land is AiM”

    #WeKnowTheLand #WeRespectTheLand #WeShareTheLand #ItsAllAboutTheLand #AiMLand

    Natural Gas One of the Fastest Growing Sources of Energy in the World

    AIM-Land Circle R2
    Gabrielle-Leakey-PM-Operations-AiM-75
    Gabrielle Leakey
    Operations Manager
    E: gleakey@aimland.ca
    D: 403-648-5421

     

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