eBikes are Killing the Oil Industry

This Earth Day it’s good to reflect on one’s own love for the planet Earth. If you want to express your love and appreciation for this ball of rock and air that orbits then Sun then you should ride a bike everyday. If an ordinary bike isn’t your style then you may want to consider an ebike. The future of our built environment will be about two wheels instead of four, and this can’t happen too enough. Thankfully the rise of ebikes is bringing us that future by getting people to ditch their lethal four wheel machines for better two wheeled solutions. Indeed, the oil industry may come to end sooner than projected because ebikes are lowering demand for gasoline!

If taken up, electric micromobility can cut urban emissions. A study of e-scooter riders in the United Kingdom found these trips produced up to 45 percent less carbon dioxide than alternatives.

US researchers estimate that if e-bike trips expanded to 11 percent of all vehicle trips, transport emissions would fall by about 7 percent.

As petrol prices increase and battery prices fall, the cheaper running costs of electric vehicles and even cheaper running costs of electric mopeds, bikes, and scooters will keep eating away at the demand for oil.

Global oil demand is now projected to peak in 2028 at 105.7 million barrels per day—and then begin to fall, according to the International Energy Agency.

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Let’s End Gas Subsidies

For some strange reason countries like Canada keep giving tax money to ultra wealthy oil and gas companies even though they keep killing all life on the planet. Let’s stop this. The team at Solar Share hosted a good information session on how we can reduce government money going to oil and gas, and of course, channeling that money to renewables. It’s worth a watch.

On February 12, over 30 participants joined us for our webinar about ending gas subsidies in Ontario, featuring Kent Elson (Elson Advocacy) and Jessica Hamilton (former political candidate and staffer).

We discussed the Ford government’s plan to overrule the Ontario Energy Board’s decision on gas subsidies, what “natural” methane gas is, and how to effectively engage with our elected representatives in Ontario.

There were some excellent questions and comments, and you can watch the recording here!

Norway Gamed Oil to Get Rich and Go Green

Norway figured out how to make money from its oil while going green, and other countries should learn this nifty trick. Yes, oil is bad and we need to stop using it right away to avoid climate collapse. What Norway has done is take their bad oil and export it to other countries and used the money to turn their economy to a renewable powerhouse. Many years ago Norway created the Sovereign Wealth Fund to manage their oil revenue and is now worth 1.2 trillion dollars. All of that money is being used to improve life in the country. And, as their economy gets more green they basically get to run their country for free and profit from everything they export. Other countries, like Canada, with oil can do the same thing – so why don’t they.

Plus, recent discoveries of valuable minerals such as titanium and vanadium in southern Norway have significantly bolstered the country’s economic prospects, with estimates indicating reserves of up to 70 billion tons of economically recoverable phosphate. These resources are crucial for various industries, including aerospace, electronics, and renewable energy technology — positioning it as a global economic powerhouse for generations.

Canada Starts to Reduce Oil & Gas Subsidies

A country that loves extracting fossil fuels has begun to clean up its tax rebates for the destructive oil and gas industry. Canada spent over $15 BILLION on subsidies for the oil and gas sector in 2021 alone, which isn’t just bad it’s literally funding the destruction of the planet. Thankfully the government has figured out that destroying the land for short term profit isn’t a good idea when the industry profiting kills everything it touches.

Starting this year the Canadian government will begin the long process of cutting tax loopholes and subsidies for oil and gas, which generate billions in profits. Why fund an industry that is insanely profitable that harms people and the planet?

Burning fossil fuels is one of the main drivers of climate change, so ending public spending that supports the industry is crucial. Ending fossil fuel subsidies frees up those funds to support things like renewable energy and electrification. Clean energy is of paramount importance as the world is under pressure to slash greenhouse gas emissions more than 40 per cent by the end of the decade.

“Moving forward, every subsidy that the government would want to grant to the oil and gas sector would have to go through this filter — any department of the federal government, whether it’s finance, international trade, natural resources — to ensure that we do not give federal dollars to support the production of oil and gas or coal,” said Guilbeault. “This is a fundamental shift from what we’ve done in this country for decades.”

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Putting Names on the Climate Crisis

The people who make decisions to continue us on a path of climate catastrophe have names and addresses. We need to shame people who are actively engage in profiteering off of killing every living thing on the planet, and that’s exactly what Environmental Defence has started to do. They have created a list of the Canada’s climate villains – those in positions of power that delay climate action and/or encouraging more environmental destruction. The good news about this is that Canadians who care about the climate are upping their game to call out those that are profiting from our demise. The more climate action we take the better – we only have one planet so let’s not burn it down!

Canada’s climate villains:
Brad Corson
Dave McKay
Susannah Pierce
Arthur Irving
Michael Binnion
Alex Pourbaix
Lisa Baiton

Canada’s Oil and Gas industry has long been the biggest barrier to climate action. Despite the harmful impacts that people in Canada and around the world are suffering daily from the warming climate and lack of action, the oil and gas industry continues to spew pollution and rake in record profits and receive billions in government subsidies. We are done taking the blame as individuals. The time to expose the true climate villains is now!

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