Europe urged to save natural gas to avoid shortage next year
FRANKFURT, Germany (AP) — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel to heat homes and generate electricity this winter.
The IEA said Europe benefited from some Russian gas supplies over the summer and sharply reduced competition from China for scarce shiploads of liquefied natural gas, or LNG, and those factors could be one-offs, the Paris-based organization said. Along with mild weather, that has pushed down natural gas prices from August highs.
Suncor reducing contractor work force by 20 per cent to improve safety, efficiency
CALGARY — Suncor Energy Inc. is reducing the size of its contractor work force by 20 per cent as part of its effort to improve safety and performance at its oilsands operations.
Interim CEO Kris Smith told analysts on a conference call Thursday that more than half of the work force reductions have already been completed, with the remainder on track to be completed by the first half of 2023.
“Our solar capacity is 20 and we were getting 2. You cannot run a province, you cannot run business, you cannot run industry, you cannot run people’s homes on that unreliability”
REGINA – Two MLAs touched on wind and solar development in Saskatchewan in their throne speeches this past week. David Buckingham talked about new projects, while Travis Keisig spoke about the realties of just how much power comes from those renewable projects. Both are from the Saskatchewan Party. NDP members did not bring up solar or wind in their throne speeches.
Cenovus CEO takes aim at oil and gas critics; says sector pays billions in taxes
With oil and gas companies under increased scrutiny for how they choose to use their record-breaking profits in 2022, the chief executive of Cenovus Energy Inc. took aim at critics Wednesday by highlighting the billions of dollars the industry is expected to contribute in taxes and royalties this year.
Saskatchewan First Act introduced to literally keep the lights on in this province, and allow farmers to keep using nitrogen fertilizer
Thou shalt not use coal for power generation post-2030, the federal government hath said. And it’s moving to do the same with natural gas by 2035. It also wants to limit farmers’ fertilizer usage, all in the name of climate change policies.
On Nov. 1, the Province of Saskatchewan said, “To hell with that,” but in a more sophisticated, legal manner.
Saskatchewan threw down the gauntlet with the federal government on Nov. 1, introducing Bill No. 88, The Saskatchewan First Act. If implemented in its current form, the Act basically says Saskatchewan will make its own decisions and rules on environmental standards, particularly those applying to greenhouse gas emissions and power generation.
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