Record oil profits ‘enough to make you ball up your fists,’ says N.L. minister

Record oil profits ‘enough to make you ball up your fists,’ says N.L. minister

After handing oil companies more than $280 million in cash during the COVID-19 pandemic, Newfoundland and Labrador’s energy minister says it’s tough to watch those same companies rake in record-shattering profits.

Andrew Parsons took on the energy portfolio in August 2020, about a month before crashing global oil prices prompted Husky Energy — which has since merged with Cenovus — to announce it was considering abandoning its oilfield off the province’s east coast. On Thursday, Cenovus reported 2022 revenue of $11.4-billion — nearly double its revenue for 2021.

Alberta wind generation falls to 0.3% capacity at supper on Thursday, battery output 0.09% over 30 days

Alberta wind generation falls to 0.3% capacity at supper on Thursday, battery output 0.09% over 30 days

The chant for this weekend’s Telemiracle telethon in Saskatchewan is “Where are we going? Higher!” But when it came to wind power production in Alberta on Feb. 23, then answer to “Where are we going?” was “Lower!”

As the afternoon led into the supper hour, wind power generation had collapsed across the entire province, floating between 11 and 20 megawatts throughout the 5 o’clock hour. This occurred just as the sun was setting over the Rockies, as solar power production had dropped to 34 megawatts out of a nameplate capacity of 1,165 megawatts. As always it happens every night, it would drop to zero.

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