TSX.V
PNN
May 28
-
0.055
+0.005
(Last Trade / Eastern Time)

Derrick Digest for Oct. 14, 2016: Partnership, prosperity and ‘nation building’ in the spotlight at Indigenous pro-pipeline conference

 

The Derrick Digest, which launches today, is a weekly collection of curated content, based on events from across the oil and gas industry, that caught our eye at Pennine Petroleum Corporation. It's "news you can use" — and we hope you find it just as interesting as we do.

 

Oct. 14, 2016

If you only followed the mainstream media, you’d be convinced that Canada’s First Nations and Metis communities are universally opposed to energy pipelines.

But a recent gathering in Calgary showed that’s clearly not the case.

Canada’s Indigenous business leaders came together on Oct. 3 and 4 for a groundbreaking gathering. Entitled Pipeline Gridlock: A Nation-to-Nation Gathering on Strategy and Solutions, the conference was intended to advance the ongoing conversation about pipelines—and discuss revenue sharing and business partnerships.

“Industry is now willing to be a partner” with Indigenous groups, conference organizer Stephen Buffalo told assembled media.

“They want to come with the First Nations together,” added Buffalo, the president and CEO of the Indian Resource Council. “We are depending on these pipelines for the success of the Canadian economy.”

Through speeches and panel discussions, the Pipeline Gridlock conference discussed prosperity, sustainability and progress.

“These conversations aren’t about pipelines, market access or prosperity. They are about nation building,” Calgary mayor Naheed Nenshi told delegates. “We need to be sitting down in a way that’s about respect.”

In recent days, Canada’s Postmedia newspaper chain also reported that 40 Indigenous groups from British Columbia have “quietly submitted supportive letters” for pipeline projects being proposed by Kinder Morgan and Enbridge.

 

U.S. energy-related CO2 emissions dip to 1991 levels

Those who deal in facts, and not emotion, already know that Canada’s oil sands make up just 0.1 percent of the world’s greenhouse gas (GHG) emissions.

Now comes news that energy-related CO2 emissions in the U.S. have hit their lowest level in a quarter-century.

That’s the word from the U.S. Energy Information Administration (EIA), which reports that American energy-related CO2 emissions for the first six months of 2016 dipped to 1991 levels.

Mild weather, and changes in the fuels used to generate electricity, contributed to this decline.

 

‘Eco-terrorists’ arrested after pipeline sabotage

Condemnation was swift after activists broke into valve stations at five different remote locations on Tuesday to try and stop the flow of crude oil from Canada to the U.S.

Protest group Climate Direct Action claimed responsibility for the synchronized incidents, and activists across Montana, Minnesota, North Dakota and Washington were arrested, following sabotage incidents that included attempts to close pipeline valves manually.

Pipelines owned by TransCanada, Spectra Energy and Enbridge were shut down for between five and seven hours.

“Criminal trespassing, destruction of property and the creation of potentially unsafe conditions are not proper forms of protests,” said Chet Thompson, president of the American Fuel and Petrochemical Manufacturers.

“The belief and politics of a few eco-terrorists do not supersede the rights of millions of consumers who could face increased costs because of reduced supplies of energy,” he said.