G7 meets in a carbon-rich paradise to demand less carbon



As Canadians host the 50th annual G7 Summit this week in Kananaskis, Alberta, they can expect a deluge of “climate-saving” proclamations — rhetoric divorced from scientific evidence and economic reality.

This elite gathering of the world’s leading economies, along with the European Union, plans to spotlight climate resilience, net-zero targets, green certification, and renewable energy. But the most heavily hyped technology on the agenda will likely be carbon capture — a scheme billed as the silver bullet for saving the planet from carbon dioxide emissions.

NASA has credited rising CO2 levels with 70% of Earth’s recent greening. More carbon dioxide, not less, helps feed the world.

Carbon capture refers to the removal of carbon dioxide from industrial exhaust or directly from the air. The captured gas is then injected underground or used commercially, such as for boosting oil production. That latter application has proven highly effective worldwide. But the idea of scaling up carbon capture to cool the planet is not just costly — it’s potentially counterproductive.

Carbon capture as a climate fix imposes heavy costs with no measurable benefits. It burdens consumers, risks environmental harm, and distracts from more effective energy solutions. Most proposals target emissions from coal- or gas-fired power plants, where the captured CO2 would be pumped underground and stored permanently.

With Alberta phasing out coal in favor of natural gas, the cost implications matter. Using data from the U.S. National Energy Technology Laboratory, we examined what it would cost to retrofit gas-fired plants in the province with carbon capture.

NETL analyzed two natural gas combined cycle plants: a 727-megawatt and a 992-megawatt facility. The numbers are staggering. For the smaller unit, construction and startup costs would jump from $760 million to $1.4 billion. Annual operation and maintenance would rise from $29 million to $55 million.

For the larger plant, the picture is no better. Costs climb from $1.1 billion to $1.9 billion to build and launch, and annual maintenance surges from $39 million to $70 million — an 80% increase.

On top of the financial hit, carbon capture reduces energy output by about 11%. That means consumers would pay more — for less electricity.

These systems also require an extensive network of pipelines to move CO2 to underground storage sites. One proposal to connect Canada’s oil sands operations with a CO2 transport system estimated the cost at $4 billion. And that’s just for the pipes.

Even if money were no object, carbon capture fails the basic test of relevance. The theory that CO2 is the primary driver of Earth’s temperature remains unproven. Natural factors — like changes in solar output, the planet’s orbit, and its axial tilt — play a far greater role. Alarmist climate models, built on faulty assumptions, fail again and again to match observed data.

According to the CO2 Coalition, even if the United States had reached net-zero emissions in 2010, the reduction in global temperature by 2100 would amount to just 0.1040 degrees Celsius. That’s not a meaningful impact. Alberta’s emissions, by comparison, are a fraction of the U.S. total.

Far from being a pollutant, carbon dioxide is essential to life. It feeds plants, boosts crop yields, and promotes ecosystem health. NASA has credited rising CO2 levels with 70% of Earth’s recent greening. More carbon dioxide, not less, helps feed the world.

Instead of obsessing over how to bury carbon, G7 leaders might do better to look around at the Canadian Rockies and ask why they’re trying to deprive the planet of the gas that makes them so green in the first place.

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10 alarming warning signs that Europe could face a crippling energy crisis this winter



Energy prices are soaring in Europe because of inflation and the repercussions of the invasion of Ukraine by Russia. There are numerous warning signs that Europe could face a crippling energy crisis this winter.

Inflation has spiked

Inflation is surging in Europe. In July, the annual inflation rate was up 9.8% among the 28 European Union member nations – up from 2.5% a year earlier.

Russia holds power over Europe's natural gas supply

Gazprom – the Russian government-owned energy behemoth – has shut down a critical natural gas pipeline to Europe. Last week, Gazprom switched off the Nord Stream 1 pipeline to perform urgent maintenance work.

There are concerns that Russia may hold Europe hostage with the pipeline over the winter.

Before the Russian invasion of Ukraine, Russia supplied more than a third of Germany’s gas supplies.

Europe is already burdened with record-high energy prices

In August, Spain experienced its most expensive month for electricity since records have been kept.

France 24 reported, "The year-ahead contract for German electricity reached 995 euros ($995) per megawatt hours while the French equivalent surged past 1,100 euros – a more than tenfold increase in both countries from last year. In Britain, energy regulator Ofgem said it would increase the electricity and gas price cap almost twofold from October 1 to an average £3,549 ($4,197) per year."

Daniele Franco – Italy's Minister of Economy and Finance – warned that the country's net energy import costs will more than double this year to nearly 100 billion euros ($99.5 billion). Franco said the nation was helpless in the matter, "To keep offsetting, at least in part, rising energy prices through public finances is very costly and we could never do enough."

Germany faces a coal shortage

The lack of oil and gas has forced European nations to increase their dependency on coal.

In Germany, the water levels in the Rhine River have hit crisis levels amid summer heatwaves. The Rhine River – one of Europe's key waterways – has already been closed due to low water levels.

"Due to very reduced domestic shipping, accumulated coal stocks could quickly fall," Germany's Federal Ministry for Economic Affairs and Climate Action said in a document obtained by Reuters.

Other major waterways have also prevented large vessels from bringing coal to European countries. That coal is now stuck in ports. Approximately 8 million tons of coal were stranded in ports at the end of July, Politico reported. If the supply chain woes continue, it will have dire effects on Germany, Poland, and Switzerland in the winter.

Scandinavian governments are bailing out energy companies

Finland and Sweden announced that they plan to offer billions of dollars to energy companies to prevent them from ending up in "technical bankruptcy."

"The rapid rise in electricity prices has resulted in paper losses on electricity futures contracts of energy firms, forcing them to find funds to post additional collateral with the exchanges," according to Reuters.

Finland will offer $9.95 billion, and Sweden will give $23.2 billion to energy companies.

Businesses face bankruptcy over energy costs

MakeUK – the lobbyist group for British factories – said nearly half of all manufacturers in the country have seen electricity bills skyrocket more than 100% in the past year.

Bloomberg reported, "Soaring energy bills are threatening to put six in 10 British manufacturers out of business, according to a survey that lays bare the extent of the crisis facing the next prime minister."

Sky-high energy prices are severely curtailing production

"Nordic Greens, one of the largest tomato growers in both Denmark and Sweden, has announced that they will not grow any tomatoes during winter in their Sweden-based cultivation because of the skyrocketing electricity prices, "according to HortiDaily – a global greenhouse news website.

An estimated 500 tonnes of tomatoes will be lost because of the shutdown.

Multiple European aluminum smelters have drastically cut production or temporarily shut down because of spiking energy prices.

"Industry insiders say the escalating energy crisis is now threatening to create an extinction event across large swathes of the region’s aluminum production," Bloomberg reported.

Restrictions on electricity, heat, and water

Since July, some of Germany's biggest cities implemented restrictions on warm water, heat, and lighting.

U.S. Army bracing for energy shortages at a military base in Germany

Last month, the U.S. Army notified troops that there would likely be energy restrictions at the U.S. Army Garrison in Ansbach, Germany.

"USAG Ansbach installations rely solely on local German utility partners for power, heating, and water needs," the Army memo stated. "In spite of all the solar panels and windmills in Germany, a large percentage of the energy used for heating within the EU is imported…much of it from Russia."

DPW Energy manager Brad Jennings said, "There is the potential that we will have to endure large cuts in available power and heating."

The U.S. Army advised servicemembers to put on extra clothing, minimize long, hot showers by lowering the temperature, and use cold water instead of hot.

Civil unrest is on the rise across the globe

Verisk Maplecroft – a risk consultancy firm – released its latest Civil Unrest Index last week. The most recent report found that out of 198 countries, 101 experienced an increase in risk of civil unrest, versus only 42 which decreased.

"The data, covering seven years, shows that the last quarter saw more countries witness an increase in risks from civil unrest than at any time since the Index was released," the report stated.

The analysts noted that "rising food and energy prices will make it more difficult for governments to manage popular discontent."

"A cold autumn and winter in Europe would worsen an already serious energy and cost of living crisis," the report said.

On Friday, Italians burned their energy bills in front of the town hall in Naples.

 
\u201cPeople in Naples burn their energy bills and besiege the town hall: "We don't pay the bills! Now it will be chaos!" In Naples they don't joke.\u201d
— RadioGenova (@RadioGenova) 1662121806 
 

On Saturday, an estimated 70,000 protesters staged a demonstration in Prague "against soaring energy bills and demand an end to sanctions against Russia over the war in Ukraine," according to the Guardian.

 
\u201cCzech Republic \ud83c\udde8\ud83c\uddff \n\nPeople have had enough. Huge protest against energy prices in Prague yesterday.\u201d
— James Melville (@James Melville) 1662280405 
 
 
\u201c\u201cThe entire Wenceslas Square demands the resignation of the government! We will demand that the current cabinet, which is working against us, resign\u201d: A 70,000-strong rally was held in Prague Also demand lower gas and electricity prices and neutrality on the conflict in Ukraine\u201d
— Dagny Taggart (@Dagny Taggart) 1662222993 
 





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