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ACTIVIST CLAIM: Foreign-funded Stand.earth and other ENGO groups push investors in Coastal GasLink to divest from project claiming human rights violations and climate change.
THE FACTS: Investing in Canadian energy means supporting our Indigenous partners and their communities, being a leader in carbon tech, and creating Canadian jobs.
THE SOURCES:
150+ Organizations Demand Banks Defund Coastal GasLink, Respect Wet’suwet’en Rights
Here are some facts and sources to have a reasoned conversation about investing in Canadian energy:
- Stand.earth was ruled in the Alberta Inquiry to be a recipient of foreign funding in relation to Alberta Resource Development Opposition
https://open.alberta.ca/dataset/3176fd2d-670b-4c4a- b8a7-07383ae43743/resource/ a55810a9-e83d-4ae8-b39f- 1debc26b203f/download/energy- report-public-inquiry-anti- alberta-energy-campaigns- deloitte-sched-10-alberta- resource-de.pdf - Banks investing in the Canadian oil and gas industry support the 13,900+ Indigenous workers directly employed in the oil and gas industry.
https://careersinoilandgas.com/news/petrolmi-report- highlights-opportunities-to- support-indigenous-employment- post-pandemic-in-canadas- energy-industry/
- Investing in the Canadian oil and gas industry means investing in an innovative industry developing carbon tech to reduce environmental footprint and achieve net-zero emissions.
https://cleanresourceinnovation.com/ preview-pdf/resource/CRIN% 20Oil%20and%20Gas% 20Innovation%20Ecosystem% 20Presentation%202017.pdf - Activists falsely claim that Indigenous people oppose Coastal GasLink – in fact, 100% of elected First Nation councils along the pipeline route support the project and have signed benefits agreements for their communities.
https://www.coastalgaslink.com/sustainability/indigenous- relations/ - Investing in Canadian oil and gas projects ensures that the suppliers of needed energy won’t shift to countries that are more polluting, less transparent, and less sensitive to societal pressures. Divesting from our best in the world Canadian oil and gas harms the environment.
https://www.investnow.org/divestment-vs-investment/ - Coastal GasLink can be an environmental success. This International Energy Agency analysis concludes that 98% of gas consumed today has a lower lifecycle emissions intensity than coal when used for power or heat. On average, coal-to-gas switching reduces emissions by 50% when producing electricity and by 33% when providing heat.
https://www.iea.org/reports/the-role-of-gas-in-todays- energy-transitions
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