• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
  FEATURED
BP Predicts Faster Oil and Gas Decline as Clean Energy Spending Hits $1.1T in 2022 January 31, 2023
Canada Needs Oil and Gas Emissions Cap to Hit 2030 Goal: NZAB January 31, 2023
Ecuador’s Amazon Drilling Plan Shows Need for Fossil Non-Proliferation Treaty January 31, 2023
Rainforest Carbon Credits from World’s Biggest Provider are ‘Largely Worthless’, Investigation Finds January 31, 2023
Danske Bank Quits New Fossil Fuel Financing January 23, 2023
Next
Prev

China’s Plan for EV Transformation is ‘Kinder Morgan’s Nightmare’

September 12, 2017
Reading time: 2 minutes

Tennen-Gas/Wikimedia Commons

Tennen-Gas/Wikimedia Commons

 

China’s decision to set a timeline for eliminating new internal combustion vehicles is a nightmare for Kinder Morgan, the company proposing the controversial Trans Mountain pipeline in British Columbia, Greenpeace Canada climate and energy campaigner Keith Stewart writes in a blog post this week.

“This is bad news for Kinder Morgan, which has pitched its Trans Mountain Expansion pipeline as a way to reach the rapidly-growing Chinese market,” Stewart writes. Kinder “has publicly admitted that without growing demand for oil, its pipeline could be a money-loser.”

  • Be among the first to read The Energy Mix Weekender
  • A brand new weekly digest containing exclusive and essential climate stories from around the world.
  • The Weekender:The climate news you need.
New!
Subscribe

The Canadian Association of Petroleum Producers’ 2016 demand forecast cited International Energy Agency data to make the case for dramatic growth in oil demand through 2040, Stewart notes. And Kinder Morgan’s investors’ prospectus for the Trans Mountain project cited CAPP.

“Yet the figures provided in the CAPP report differ markedly from those issued by the China National Petroleum Corporation Economics and Technology Research Institute (CNPC), which is the in-house research arm of the state-owned oil company responsible for informing long-term strategy development,” Stewart notes. CNPC’s “current policies” scenario “has a much lower forecast for increased oil demand than in the CAPP/IEA forecast,” even though it only places EV ownership at 1.3% of China’s total fleet in 2030, growing to 11% in 2050.

“Saturday’s announcement indicates that the Chinese government is considering forcing significantly higher rates of electric vehicle adoption,” Stewart writes. “This would not only lower future Chinese oil demand,” but would “likely tilt the global marketplace in favour of electric vehicles,” while India considers an all-electric policy by 2030 and prepares to leapfrog the era of private car ownership.

After Greenpeace challenged its prospectus, Stewart notes, Kinder Morgan changed the text to acknowledge the business risks it faces in a shifting energy economy. “With market momentum firmly behind a rapid transition to an electrified transportation system powered by renewable energy,” he writes, “investors should be asking why Kinder Morgan is still pursuing the Trans Mountain expansion pipeline.”



in Auto & Alternative Vehicles, Canada, China, Climate Action / "Blockadia", Ending Emissions, Oil & Gas, Pipelines / Rail Transport

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Mike Mozart/Flickr
Ending Emissions

BP Predicts Faster Oil and Gas Decline as Clean Energy Spending Hits $1.1T in 2022

January 31, 2023
124
Gina Dittmer/PublicDomainPictures
Canada

Canada Needs Oil and Gas Emissions Cap to Hit 2030 Goal: NZAB

January 31, 2023
55
CONFENIAE
Ending Emissions

Ecuador’s Amazon Drilling Plan Shows Need for Fossil Non-Proliferation Treaty

January 31, 2023
21

Comments 2

  1. Bruce Miller says:
    5 years ago

    You mean to say China is too smart to let “International Big Oil” get a handhold on their balls? Good for China! Good for the whole ASEAN mixture, even better for The South China Seas Oil Basin. Is the “Mad Dog” Kim jong Un keeping the US at bay?
    Why we must seek Energy sources other than Oil Energy:
    Jun 12, 2012· Diesel engine fumes can cause lung cancer and belong in the same potentially deadly category as asbestos, … Diesel exhaust fumes cause lung cancer…
    Diesel exhaust fumes cause lung cancer, WHO ( World Heath Organization) says | Reuters
    http://www.reuters.com/article/us-cancer-diesel-who-idUSBRE85B0ZN20120612

    I ask here and now: Do jet engines also emit dangerous, carcinogens? And how about “Cold Starts” for all gasoline powered vehicles? Are we being baffled by bullshit like the cigarette folks did especially about lung damage? Global Warming cannot be more important than this?

    Reply
    • plg says:
      5 years ago

      China is “big oil” in production, consumption and importing from other countries. And in all 3 areas its makes Canada look like a very very very small player. China has significant assets in Canadian oil and gas, they are a big player here too.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

Mike Mozart/Flickr

BP Predicts Faster Oil and Gas Decline as Clean Energy Spending Hits $1.1T in 2022

January 31, 2023
124
RL0919/wikimedia commons

Danske Bank Quits New Fossil Fuel Financing

January 23, 2023
2.3k
Weirton, WV by Jon Dawson/flickr

IRON OXIDE: New Battery Brings Long-Duration Storage to Grids, 750 Jobs to West Virginia

January 30, 2023
589
Gina Dittmer/PublicDomainPictures

Canada Needs Oil and Gas Emissions Cap to Hit 2030 Goal: NZAB

January 31, 2023
55
Doc Searls/Twitter

Guilbeault Could Intervene on Ontario Greenbelt Development

January 31, 2023
46
/snappy goat

Rainforest Carbon Credits from World’s Biggest Provider are ‘Largely Worthless’, Investigation Finds

January 31, 2023
45

Recent Posts

CONFENIAE

Ecuador’s Amazon Drilling Plan Shows Need for Fossil Non-Proliferation Treaty

January 31, 2023
21
Ken Teegardin www.SeniorLiving.Org/flickr

Virtual Power Plants Hit an ‘Inflection Point’

January 31, 2023
42
Victorgrigas/wikimedia commons

World Bank Climate Reforms Too ‘Timid and Slow,’ Critics Warn

January 31, 2023
19
United Nations

Salvage of $20B ‘Floating Time Bomb’ Delayed by Rising Cost of Oil Tankers

January 27, 2023
107
@tongbingxue/Twitter

Extreme Warming Ahead Even as Worst-Case Scenarios Grow ‘Obsolete’

January 23, 2023
331
Rachel Notley/Facebook

Notley Scorches Federal Just Transition Bill as Fossil CEO Calls for Oilsands Boom

January 23, 2023
301
Next Post
Benhur Arcayan/Wikimedia Commons

Pope Francis Declares Climate Deniers ‘Fools’, Says ‘History Will Judge Our Decision’

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}