Canada ranked the second most responsible oil producer in the world — yet misguided sense of morality lobbies for its de

[Anonymous]

Finally, a thumbs-up for Canadian oil — but will anybody notice?



Who should be the supplier of choice for the world's 100-million-barrel-a-day oil needs? Should there be a merit order ascribed to producers?



We rank ballroom dancers and wannabe singers on television. Restaurants, hotels, videos, and even doctors are thumbs up and down on social media.



So why wouldn't we rate oil-producing countries too?



For too long, self-appointed judges have demoted Canada's oil and gas industry to the bottom of the world's producer list, as if we're some seedy hotel on TripAdvisor.



Anyone who's traveled to oilfields in authoritarian countries knows we live in a world where environmental accountability and social responsibility are as rare as an honest dialog.



Canada's oil and gas industry, the world's fifth largest, ranks highly on many performance dimensions, including corporate governance, transparency, environmental stringency, and innovation.



TI gives Canada top marks for low corruption. Among 28 oil-producing countries that fill almost 90% of the world's oil tanks, the Great White North ranks number 2 (yellow end of spectrum on figure below). The only supplier that ranks slightly cleaner is Norway.



We're living in a contradictory world that says it wants to ditch the oil business and agrees to grand policies like the Paris Agreement. Yet the numbers stubbornly show that consumers are revving up usage of the fuel. Against this widening discrepancy, negative branding of democratic oil producers like Canada is leading divestment proponents to encourage the shutdown of the most responsible, transparent segment of the global industry. But this oil mitigation strategy harbors a misguided sense of morality.



There are only two large-scale, free-market oil suppliers in the world that are on the clean end of Transparency International's corruption spectrum: Canada and the United States (Norway's industry is state-owned). Yet, the pressure to divest from, entrap, and shut down the production in these countries is the most acute. Puzzlingly, Western-world arbiters who want to shut down the clean end of the global producer spectrum come from those same countries in North America and Europe that blindly buy oil from irresponsible producers (who are only too happy to rub their hands together and take market share from us).

http://business.financialpost.com/commodities/energy/canadian-oil-bashers-are-shooting-themselves-and-the-environment-in-the-foot">http://business.financialpost.com/commo ... n-the-foot">http://business.financialpost.com/commodities/energy/canadian-oil-bashers-are-shooting-themselves-and-the-environment-in-the-foot



And governments in Canada(Trudeau) are only too happy not to take market share away from backward producers who don't care about environmental stewardship, sustainability and social responsibility.

[Anonymous]

https://financialpostcom.files.wordpress.com/2018/06/20180612-figure-1-corruption-versus-production.jpg?w=640&quality=60&strip=all&h=480">

[Anonymous]

https://financialpostcom.files.wordpress.com/2018/06/20180612-figure-1-corruption-versus-production.jpg?w=640&quality=60&strip=all&h=480">

It seems many countries have good reason not to want competition from us.

[Anonymous]

https://financialpostcom.files.wordpress.com/2018/06/20180612-figure-1-corruption-versus-production.jpg?w=640&quality=60&strip=all&h=480">

It seems many countries have good reason not to want competition from us.

That's why billionaires spend a lot of money on propaganda about  our oil and gas industry. They can't compete.

[Anonymous]

https://financialpostcom.files.wordpress.com/2018/06/20180612-figure-1-corruption-versus-production.jpg?w=640&quality=60&strip=all&h=480">

It seems many countries have good reason not to want competition from us.

That's why billionaires spend a lot of money on propaganda about  our oil and gas industry. They can't compete.

Keeping Canadian oil out of international markets has made strange bedfellows. Corporate America that wants all of our resources for a song, corrupt sheikhs, billionaires like the Rockefellers and Tom Steyer who want those "green" subsidies, ignorant and hypocritical celebs and of course all the groups on Soros' and the Tides foundation's payrolls. Lots of money working against our interests.