Outgoing CEO Al Monaco says Enbridge ‘poster child’ for an orderly energy transition
Monaco calls Northern Gateway “the best project that we couldn’t do.” But he says Canada’s energy sector emerged from that battle, and those related to other cancelled projects such as TC Energy’s Energy East and Keystone XL, stronger and wiser.
“Things became very polarized in that time frame, and I think it was a real wake-up call for the industry in general,” he said.
Pipeline Online brief to House of Commons Natural Resources Committee on “Federal Assistance for Various Natural Resources Industries”
In late November Pipeline Online was approached by a member of the House of Commons Natural Resources Committee to submit a brief to that committee on the subject of “Federal Assistance for Various Natural Resources Industries.”
This is that brief, submitted on Nov. 25, by editor and owner Brian Zinchuk.
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
FRANKFURT, Germany (AP) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market.
The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia’s oil earnings in response to its invasion of Ukraine. Those are: a European Union boycott of most Russian oil and a price cap of $60 per barrel on Russian exports imposed by the EU and the Group of Seven democracies.
Parkland to double size of announced EV charging network in western Canada
Parkland Corp. is doubling the size of its previously announced electric vehicle charging network with a focus on British Columbia, which leads the country in EV adoption.
The Calgary-based fuel retailer said Friday it will now install 50 ultra-fast charging stations on highways and in major destinations from Vancouver Island to Calgary, instead of the previously announced 25.
EXPLAINER: What’s the effect of Russian oil price cap, ban?
FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion of Ukraine.
The cap is set to take effect Monday, the same day the European Union will impose a boycott on most Russian oil — its crude that is shipped by sea. The EU reached a deal for a $60-per-barrel threshold Friday, and the Group of Seven nations and Australia signed off on the deal later in the day.
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