Brian Zinchuk: SaskPower just signed a massive carbon leakage interchange agreement with the States, and Estevan will suffer the consequences

Brian Zinchuk: SaskPower just signed a massive carbon leakage interchange agreement with the States, and Estevan will suffer the consequences

We have hundreds of years of coal reserves in Saskatchewan. We have the technology to capture the carbon, and sulphur dioxide, if we implement it. We have dramatically reduced other forms of pollution from burning coal. And we can do all these things continually, reliably, and cheaply, wind or no wind, day and night, 24/7/365.

TC Energy Corp. completes public offering of common shares

TC Energy Corp. completes public offering of common shares

TC Energy Corp. says it has closed a $1.8-billion bought deal offering of common shares.

The Calgary-based company says it will use the proceeds to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.5-billion offshore natural gas pipeline in the southeast region of Mexico.

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Brian Zinchuk: SaskPower just signed a massive carbon leakage interchange agreement with the States, and Estevan will suffer the consequences

SaskPower signs 20 year agreement with the States to buy or sell up to 650 megawatts

One of the largest questions facing Saskatchewan’s economy is where will we be getting our electrical power in the next 10 years? SaskPower is looking down the barrel of the federally-mandated retirement of conventional coal-fired power by the end of 2029, and it’s going to take until at least 2032 to have any sort of nuclear power in place. Even then, that would only be one or two reactors, not nearly enough to replace our coal fleet, let alone meet the increased demand from electric vehicles.

Raging fire consumes 4th tank at Cuba oil storage facility

Raging fire consumes 4th tank at Cuba oil storage facility

Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.

Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.

Russia curtails oil shipments to central Europe

Russia curtails oil shipments to central Europe

Several countries in Europe dependent on Russian energy suffered another blow with confirmation Tuesday that oil shipments have stopped through a critical pipeline. Russian state pipeline operator Transneft said it halted shipments through the southern branch of the...

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Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

Cenovus Energy Inc. has signed a US$300-million deal that it says marks another step forward in its long-term strategy to integrate its heavy oil production with refining capability. 

The Calgary-based oil company announced Monday it has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery in Ohio. The two companies have also signed a multi-year product supply agreement.

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Arcola town hall: Scott Moe on refining our oil, and value-added industries

Arcola town hall: Scott Moe on refining our oil, and value-added industries

One question centred on refining our oil product and access to markets. Moe touched on value added processing and a recent micro refinery near Kerrobert.
Harrison spoke about how oil and gas has been affected by uncertainty from the federal government.
Moe noted how one Saskatchewan farmer recently told the federal agriculture minister, “The biggest risks to my current enterprise is government policies.”

Arcola town hall: Scott Moe on loss of Ceres canola crush plant, carbon credits, agricultural zero till, oil and gas

Arcola town hall: Scott Moe on loss of Ceres canola crush plant, carbon credits, agricultural zero till, oil and gas

The question from Murray Henderson of Alameda asks about how Ceres Global Ag recently suspended its planned $350 million canola crushing plant at Northgate, and how it may have been lost due to the federal carbon tax. Moe and Bonk touched on recognizing the innovation in zero tillage and how agriculture should be recognized as a carbon sink. Listen to the end to hear a rather comical interaction Moe had with Catherine McKenna when he was environment minister and she was the federal environment minister.

Arcola town hall: Scott Moe on coal power, natural gas power, carbon capture and storage

Arcola town hall: Scott Moe on coal power, natural gas power, carbon capture and storage

Asked by Dave Sanders about how much the federal government is contributing to upgrading Saskatchewan’s power generation, Premier Moe explained the position federal policies have put us in. He touched on coal and natural gas, going back to the Harper administration, and the current Trudeau administration. Murray Henderson, a former coal miner, asked about coal as well as electric vehicles.

Arcola town hall: Scott Moe on fuel prices, possible cash to the people, carbon tax, separation, fertilizer, and energy security

Arcola town hall: Scott Moe on fuel prices, possible cash to the people, carbon tax, separation, fertilizer, and energy security

Asked by Gordon Dixon, a farmer, about rising fuel prices and the federal carbon tax, Premier Moe hinted at possible options including looking at fuel taxes, possible cash refunds to the population, and deficit repayment. He also tackled the concept of Saskatchewan separating from Canada, federal jurisdiction, a “nation within a nation,” fertilizer and energy security.

David Yager: B.C.’s taxpayer-funded climate virtue-signalling

David Yager: B.C.’s taxpayer-funded climate virtue-signalling

The biggest mistake these companies have made is selling transportation fuel in B.C. 

And the communities they have reliably served for decades are being urged to use their citizens’ tax dollars to bring them to their knees. 

While overlooking the fact that without car, truck, boat, rail and airplane fuel, many of these municipalities wouldn’t exist.

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Environmental groups protest proposals to build LNG terminals on Canada’s East Coast

Environmental groups protest proposals to build LNG terminals on Canada’s East Coast

A coalition of environmental groups is calling on Ottawa to reject any proposals to build export facilities for liquefied natural gas on Canada’s East Coast, saying such projects will produce “climate-wrecking emissions.”

The coalition, which includes the Sierra Club Canada Foundation and Climate Action Network Canada, issued a statement Thursday that also takes aim at the financial risks associated with multibillion-dollar ventures that could take several years to come on stream.

Suncor’s Q2 net profit increases more than fourfold year-over-year

Suncor’s Q2 net profit increases more than fourfold year-over-year

Suncor Inc. says it earned $3.99 billion in the second quarter of 2022, or $2.84 per common share, more than four and a half times the $868 million it earned in the same period of 2021.

The Calgary-based oil producer and refiner, which reported after markets closed Thursday, says its adjusted funds from operations hit $5.35 billion in the quarter, the highest in the company’s history by 33 per cent.