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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 May 15, 2021 8:29pm
185 Views
Post# 33210633

RE:Volvo going green

RE:Volvo going greenAutomakers are all jumping on the band wagon of saving the environment. It will be interesting to see what really happens when the rubber hits the road and consumers balk et increased costs. Volvo are far from being alone in the luxury market, but they do want to protect their niche (probably wealthy environmental lawyers, etc. )
The initiatives they take may be laudable, but the total impact they make is nanoscopic .
Just a few days ago I Made a quick calculation of how much carbon dioxide would need to be sequestered in order to reduce the atmospheric concentration by 1 ppm. The answer is 94.5 TCF 
 This means the planet would need to pump almost as much carbon into the ground each year as the total amount of nat gas pumped out. And even with this amount the CO2 content would keep rising by probably 3 or 4 times as fast as that.
personally ,I think , environmentalists should start thinking about bang for the buck solutions, rather than marketing bang for the buck solutions. One of the better solutions is to concentrate on methane containment (which is 80 times more harmful than CO2), but that would mean a change to agriculture where much pollution is from rice farming and as we all know other sacred cows To divert attention from these serious issues ,we can surely count on environmental lawyers to refocus the attention toward the oil industry. The Oil industry , particularly outside of Canade needs to clean up their act concerning methane venting and then spend time and money to bring the issues forward in a responsible manner !!
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