G20 ministers reach agreement on most, but not all, climate issues
“We couldn’t get a consensus but we agreed on a lot,” said Canada’s climate minister Steven Guilbeault at a virtual press conference after the meeting.
Cenovus reports second quarter profits down, lowers upstream production guidance
Cenovus Energy has been able to restore almost all of its output in northwest Alberta it temporarily curtailed due to wildfires in May and June, but the company has still had to lower its overall production guidance for the year because of the blazes.
Precision Drilling reports $26.9 million profit in Q2 as company reduces debt
Precision Drilling Corp. reported a second-quarter profit of $26.9 million, reversing a $24.6 million loss from a year earlier as the company says it has reduced its total debt by $100 million since the beginning of the year.
Imperial Oil profits decline in Q2 driven by lower refining margins, maintenance work
Imperial Oil Ltd. reported it earned $675 million in its second quarter, down from $2.41 billion in the same quarter a year earlier, driven by lower refining margins and planned maintenance work.
Enbridge, Bad River Indigenous band both appealing Line 5 court ruling in Wisconsin
The two sides in an enduring dispute over the cross-border Line 5 pipeline in Wisconsin are girding for battle again, this time in the U.S. Court of Appeals. The Bad River Band of the Lake Superior Chippewa filed a notice of appeal Friday...
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TC Energy maintaining targeted schedule, latest cost estimate for Coastal GasLink
TC Energy Corp. remains on track to complete the Coastal GasLink pipeline by the end of this year without another escalation in construction costs, the Calgary-based company said Friday.
Suncor tells regulator reconsidering approvals would arm industry opponents
Oilsands giant Suncor says reopening the debate over mining an ecologically valuable wetland would play into the hands of industry opponents and upset Alberta's energy development. In April, the Alberta Energy Regulator decided to reconsider...
Patchwork Podcast: Josh Gustafson, CEO of Covenant Energy
Kurt Price talks with Josh Gustafson, CEO of Covenant Energy, which is working on a renewable diesel project at Lloydminster.
TC Energy spinning off Keystone Pipeline, 18 years after it was first proposed
TC Energy is spinning off its liquids pipelines, principally its Keystone/Marketlink system, into a separate, yet to be named company. The move comes 18 years after the natural gas pipeline giant decided to get into oil pipelines, and this spinoff marks its exist from that market.
The spinoff, announced July 27, also comes after more than a decade of battles to get two major oil pipelines built – Keystone XL and Energy East. Both of those projects failed disastrously, especially when it came to more than a billion dollars of charges for each project. For KXL, it was a $2.2 billion writedown, and for Energy East, a billion.
Brian Zinchuk: TC Energy dumping Keystone Pipeline like a despised, soon-to-be-ex-wife
After 18 years of heartbreak and misery, TC Energy is dumping its experiment into oil pipelines like a despised soon-to-be-ex-wife.
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Guilbeault and Wilkinson, the two ministers most responsible for the “energy transition,” stay put in cabinet shuffle
For the largest shakeup of his cabinet since becoming prime minister in 2015, Justin Trudeau left alone the two key minister most responsible for the trials and tribulations of the energy industry and a federally-enforced “energy transition.” Indeed, one of those ministers was given an added title on this file.
Crescent Point Energy reports $212.3 million profit in second quarter
Crescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022’s dramatic peaks.
Brian Zinchuk: Diesel won’t be easily replaced on the farm, Mr. Minister of Natural Resources
A few years ago I was hired to video and photograph a year on the farm for Jason and Sherrill LeBlanc of Estevan. They had their then-14 year old daughter driving a mammoth Case combine, and doing so well. I wonder how much more productive one girl driving a combine was compared to teams of men with scythes, then stookers, then threshing crews.
Federal government’s latest villainization of oil and gas: “Phasing out inefficient fossil fuel subsidies”
Editor’s note: sometimes you just have to hear it from the horse’s mouth. And with that, here is the most recent press release from the federal government villainizing oil and gas:
Greta Thunberg defiant after Swedish court fines her for disobeying police during climate protest
Hours after a Swedish court fined Greta Thunberg for disobeying police during an environmental protest at an oil facility last month, the climate activist once again attempted to block access to the facility and was removed by police.
Earlier on Monday, Thunberg, 20, admitted to the facts but denied guilt, saying the fight against the fossil fuel industry was a form of self-defense due to the existential and global threat of the climate crisis.
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Brian Zinchuk: How a real life Hoth ice base in Greenland in the 60s calls CO2 concerns into question today
Whoa, there, Nelly! You’re telling me that carbon dioxide levels were a full third less than they are at this very moment, and yet the northernmost portions of Greenland (the most likely to freeze) was tundra? It did not have most of a mile of ice covering it? Well below the supposedly crucial threshold of 350 parts per million?
Maybe the science isn’t settled, after all.
Grassroots groups say Canada won’t meet UN Sustainable Development Goals, lacks data
A coalition of grassroots groups says Canada won’t meet the Sustainable Development Goals it is trying to attain by 2030 as part of a United Nations initiative to bridge inequities around the world.
Oil and gas methane reductions less expensive than paying carbon tax, study finds
New research using the latest figures for Canada’s methane emissions concludes it would be much cheaper for the energy industry to meet reduction targets for the potent greenhouse gas than it would be to pay carbon taxes on it.
Oil and gas companies would pay more to drill on public lands under new Biden rule
WASHINGTON (AP) — Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced Thursday by the Biden administration.
Environmental activists briefly disrupt British Open by dumping orange powder beside 17th green
HOYLAKE, England (AP) — Environmental activists briefly interrupted play at the British Open on Friday by throwing orange powder beside the 17th green at Royal Liverpool, prompting American player Billy Horschel to intervene.
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Conservative energy critic Stubbs targets federal plan to end subsidies for fossil fuel
There’s a lot of talk from the federal Liberal government about “ending direct fossil fuel subsidies in Canada.”
Conservative Energy Critic Shannon Stubbs, Alberta MP for Lakeland (which includes Lloydminster), took to LinkedIn to respond on July 20.
9th Circuit denies bid by environmentalists and tribes to block Nevada lithium mine
By Scott Sonner in Reno RENO, Nev. (AP) — The latest bid by conservationists and tribal leaders to block construction of a huge lithium mine already in the works along the Nevada-Oregon line was denied by the 9th U.S. Circuit Court of Appeals on Monday. A...
Bolivia boosts lithium resources estimate, cementing spot as global leader
The total of Bolivia’s confirmed lithium resources has increased 2 million tons to 23 million tons, the Andean country’s president said Thursday.
The new estimate further cements Bolivia’s position as the country with the world’s biggest known deposits of lithium, which is in high demand for use in batteries.
Trucking and logistics firm Mullen Group reports Q2 profit and revenue down
Mullen Group Ltd. reported its second-quarter profit fell compared with a year ago as the trucking and logistics company saw lower freight volumes.
Danielle Smith critical of $1.7 trillion (with a “t”) cost to build out net zero grid, responding to Public Policy Forum report
A report by think tank Public Policy Forum entitled Project of the Century: A Blueprint for Growing Canada’s Clean Electricity Supply – and Fast, released July 19, drew sharp criticism from Alberta Premier Danielle Smith and one of her ministers, particularly regarding the cost and practicality of a net zero power grid.