NATURAL GAS OFFERS "DECARBONIZATION" STRATEGY FOR OFFSHORE OIL INDUSTRY (Part II)

Guest Post by Cabot Martin

The recent Opinion piece on our offshore natural gas resources by journalist Ian Esau in the international publication Upstream (reprinted in Uncle Gnarley last Monday) seems to have received considerable interest in this embattled Province.

So it seems a good time to revisit the issues set out in my piece on offshore gas published on the Uncle Gnarley Blog back on May 28^th.

Let’s get the main proposition in both articles on the table right away – our oil and gas industry has to develop “decarbonization” strategies to fight climate change - or die.

As Mr. Esau so clearly put it – any offshore strategy that is not founded on a sensible decarbonization strategy cannot hope to gain the support of oil companies (let alone Ottawa) because increasingly the financial resources to implement such strategy will not be forthcoming from private capital markets.

TIME RIPE TO DEVELOP NL OFFSHORE GAS: INTL OBSERVER

Guest Post by Cabot Martin 

Uncle Gnarley is a fine fellow. 

I was supposed to do a piece on one of my favorite issues – why an law suit against Emera for “Civil Deceit” regarding their role in the Muskrat fiasco would make a whole lot of sense and just might get us off the hook for billions. 

I’ve written on this on Uncle Gnarley before but was going to take things a step further by broaching the idea of getting a Civil Deceit “Class Action” case going – every rate payer in the Province would be eligible to participate - and surely there must be some sharp young lawyer (or lawyers) out there willing to tackle such a case.  

But like I say – Uncle Gnarley is a fine fellow, so when a couple days ago there was “breaking news” re our offshore gas resources in the international oil & gas press, I simply had to go back to him and plead the case for a change in topic. He agreed.