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Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.


TSX:VET - Post by User

Comment by Oldnaggeron Nov 20, 2022 8:01am
105 Views
Post# 35113518

RE:RE:Historic climate cost deal made at COP 27

RE:RE:Historic climate cost deal made at COP 27

Very well stated and much appreciated. Now if only we could get your message out before even more damage is created.

MaximusGainus wrote: Your SPAM message to the many boards here has not gone unnoticed, and has been reported.

I'll offer my reply, in case your account gets removed.

Thanks to the actions of climate activists, they have reduced global oil supply and caused the drought of much needed capital investment to sustain production. This is ironically propelling our existing oil sands companies to new heights, helping to secure a bright long term future.

The fact is that if they were really interested in reducing global GHG emissions, they would maximize the use of the immense natural gas resources we have in Canada, that could displace MOST of the thermal coal burned in the world today along with the coal emissions. Yet we will not approve LNG plants nor the pipelines or infrastructure needed to do so. Forget about the billions in tax revenues each one would generate. Canada could be the country that leads the world away from the brink of a climate disaster as you so speak of. But no. This fact alone proves it is not at all about climate change. It is about much bigger things, like efforts to strand and landlock the energy resources of the third largest oil reserves in the world.  111 years of Canadian oil left at current production rates.

The world has an insatiable ever growing energy demand, and while we subsidize the daytime solar and renewables sectors, we continuing to cripple the baseload. With the inability to bring on new replacement oil supplies quickly, there are material bottlenecks, and shortages. We now witness the energy shortfalls ironically being met by more coal and dirtier fuels than we would have used if allowed to do it in a planned orderly transition.

This is what happens when politicians listen to the whining fringe groups. Their idealogical beliefs blind them to reality, and combined with a poor understanding of our complex energy industry, it results in the creation of poor energy policies that force existing sources offline long before replacements are able to function in a normal way.

Messengers promoting the climate emergency and acting to stop any pipeline or oil development are doing a disservice to their cause by a disruptive, dirty, slower, and costlier energy transition. 

Furthermore, conferences held in the name of climate change are merely a cover for what it really is, a well orchestrated huge wealth transfer mechanism from richer to poorer. Those that flew their private jets to COP27 will prosper as well from increased activity and volume in carbon exchange markets, kickbacks, graft, corruption, material and equipment.

However, their efforts are meanwhile making my investments in oil sands far more valuable than I could have ever imagined in my wildest dreams. Oil demand is increasing, while supply is being cut off.

The same happened with various wars on drugs. Increased enforcement on supply increased the street price, which mainly served to make the drug lords extremely rich and powerful, and put power in the hands of a few extremely wealthy ones with decades of resources and and organization and infrastructure in place. 

As an oil investor, I thank you for spreading your fanatical messages of impending doom and making me richer by causing higher oil prices which secure Canada's oil sands future. I hope you can find and convince other energy ignorant souls such as yourself to join your cult to go march forward and constantly regurgitate your apocalyptic prophecy.

However, realize you are about as welcome here on this board as a pair of Jehova's Witness early in the morning at the front door of a short time hotel.

Now quit wasting your time here, and go run along and find some better place more useful to spew your climate dribble.


quote=Donwaan]The deal is based on "loss and damage": funding for countries worst hit by the effects of climate change. As global temperatures increase and the world warms over this century, bringing unbearable heat, drought, floods, fires, storms, and coastal erosion that make agriculture impossible and displacing people. Large parts of the world that are home to some of the biggest populations will become increasingly hard to live in. "We cannot leave millions of displaced people and their hosts to face the consequences of a changing climate alone," says the UN. The scale of the climate crisis requires new global cooperation and a new sense of international citizenship. We are all in this predicament together!


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