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The four companies that represent 80% of Canadian oil sands production are 60% American-owned. They are sending a large share of their profits to their shareholders in the United States, even as they lobby to weaken Canadian climate policy and hold back renewable energy here in Canada. The Ksi Lisims LNG (liquefied natural gas) project has been incorrectly referred to as an Indigenous-owned project when the entity that will construct, own and operate the assets of the project is a wholly-owned subsidiary of Texas-based Western LNG, funded by U.S. private equity firms with ties to the U.S. Administration. IT'S TIME THE CANADIAN GOVERNMENT STOPPED LISTENING TO THESE U.S. GOVERNMENT-FRIENDLY OIL AND GAS INTERESTS. IT'S TIME TO GO RENEWABLE... High oil and gas prices as a result of the American war with Iran make oil, gas and LNG projects planned in Canada LESS likely – but oil and gas companies will profit off price speculation at the expense of Canadians in the short term. Proposed oil pipelines, gas and LNG projects are years away from being developed and current shocks in prices are actually likely to reduce demand for oil and gas by convincing oil and gas consuming countries to shift to cheaper and more stable renewable energy even faster. The International Energy Agency still expects oil demand to plateau around 2030 (and gas demand to plateau shortly after) and then decline. Ember Energy now suggests global demand for oil could peak before 2029 as a result of the Iran war. Instead of investing in a Canadian renewable energy that is completely viable (see sources below), Canada is spending three times more backing oil and gas than renewables. Renewables help localize control over power - giving communities more control and ensuring no one elsewhere can shut off the supply. That's why the U.S. Government and their oil and gas corporation friends hate renewable energy so much and have been spreading misinformation about wind, solar, batteries, and grids. Take action and tell Federal Government to go renewable instead: https://www.sierraclub.ca/action-item/carney-support-renewable-energy/ Learn more (WITH SOURCES) below: - Iran war UNDERMINES new oil, LNG projects in Canada but oil & gas corporations profit on prices: https://www.sierraclub.ca/iran-oil-gas-profits-prices/ - LNG is Not in Canada’s National Interest. Renewables are Best for Jobs, Health, & the Economy: https://www.sierraclub.ca/lng-national-interest-canada/ - Wildfire & Flood Survivors in Canada Call for Climate Action (podcast interview with survivors): https://www.sierraclub.ca/emissions-cap-climate-impact/ - Canada Can Go Renewable: https://www.sierraclub.ca/canada-can-go-100-renewable/ - Renewable Energy Does NOT Need Baseload Power & More Facts on Wind, Solar, Batteries, Grids: https://www.sierraclub.ca/renewable-energy-does-not-need-baseload-power-more-facts-on-wind-solar-batteries-grids/ - Canada Wind Power Facts: https://www.sierraclub.ca/canada-wind-power-facts/ - Canada Electric Vehicles Facts (the idea EVs will overwhelm the Canadian grid is a myth): https://www.sierraclub.ca/canada-electric-vehicles-facts/ - Oil and gas corporation want Canada more integrated with the U.S. and less independent: https://www.sierraclub.ca/west-coast-pipeline-sovereignty/ The world is going renewable: Politico reports “The U.K. is doubling down on clean energy, not despite the Iran crisis ­— but because of it.”). Further, “achieving the UK’s net zero target by 2050 will cost less than a single oil shock [costs] and bring health and economic benefits while insulating the country against future costs.” Renewables are rapidly becoming the default for energy development especially across the ‘Global South.’ Low-cost renewable energy is soaring in China and Vietnam: Vietnam’s wind and solar generation exceeds gas-fired power generation. Demand for LNG is estimated to have already peaked in Europe and South Korea. China has already surpassed its 2030 renewable energy ambitions. In fact, China installed more wind and solar power in a single year than the total amount of renewable energy currently operating in the United States. Canada actually risks losing out on the renewable future of energy and ending up reliant on China if we don’t build our own independent renewable supply chains. “Chinese emissions have been “flat or falling” for almost two years,” in part due to a role out of energy storage that is replacing the traditional roles of coal plants writes the National Observer. And a 'supply boom in cheaper renewables will seal the end of fossil fuel era, says [the] IEA.' More here: https://www.sierraclub.ca/lng-national-interest-canada/