Fossil fuel sector needs investment to reduce emissions: RBC exec
CALGARY — Two executives from Royal Bank of Canada say financial institutions will need to invest not just in green energy companies, but also in the fossil fuel industry, if Canada is to meet its climate change targets. RBC Capital Markets CEO...
Germany close to deal on nationalizing gas company Uniper
BERLIN (AP) — Natural gas supplier Uniper said Tuesday that it’s in “final discussions” for Germany to nationalize the company, ramping up the government’s intervention in the gas and oil industry as Russia's war in Ukraine provokes an energy...
Just like Saskatchewan, Alberta has heard nothing from feds on increasing oil production 300 000 bpd, despite minister’s promise to help Europe
LLOYDMINSTER – On March 24, one month after the Russian invasion of Ukraine, federal Minister of Natural Resources Jonathan Wilkinson pledged to Europe that Canada would increase oil production by 300,000 barrels to help with their energy needs. Six months later, it turns out neither the premier of Saskatchewan, Scott Moe, or premier of Alberta, Jason Kenney, have seen or heard any action from the federal government on this front.
Devine’s Upgraders, Part 6: Were the Lloydminster and Regina upgraders enormous money losers, or huge successes? The conclusion
For all the political strife over cost overruns of the two projects as they were built, and their initial struggles, the added provincial royalties in the 21st century made up for that in spades. And the further investment in northwest Saskatchewan’s heavy oil patch has far outstripped the money spent on the Bi-Provincial Upgrader, even when you adjust for inflation.
That, unequivocally, proves the investment in the upgraders was sound, and visionary. It just took a while to get there.
Devine’s Upgraders, Part 5: Were the Regina and Lloydminster upgraders worth it? The two upgraders’ massive impact on provincial revenue
“Any reasonable entrepreneur in North America, if they had these resources, they would have done the same thing. Now, you had to be very determined about it, because it wasn’t easy. And you had the cyclical (nature) to deal with, but a lot of good entrepreneurs and business people, they know cycles. I would say it certainly contributed significantly to Saskatchewan, and it’s not going to change.”
Asked if there was anything he would have done different with regards to the upgraders, Devine said, “I’m sure we didn’t do everything right. But it did work out in the end.
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