Op-Ed: TC Energy CEO François Poirier publishes statement on solving the global energy crisis
First, sustainable energy policy must focus on addition rather than subtraction.
A small but vocal class of policymakers and interest groups demand we use regulation to rapidly choke the supply of natural gas to coerce the development of lower emitting alternatives. This concept ignores the real-world consequences.
Traditional energy sources are critical to keeping pace with increasing demand. Even using the most optimistic estimates for the growth of renewable energy, blocking the development of traditional energy projects will lead to disruptive energy shortages and soaring costs across North America.
All war risk is gone from oil markets as prices are at lowest level in nearly a year for WTI, and nearly 2 years for WCS.
If you haven’t been paying attention to oil markets, now might be the time, as significant benchmarks have hit their lowest point in nearly year for WTI, and nearly two years for WCS.
These numbers also mean that all geopolitical risk from the Ukraine war have been eliminated from the market, despite the war being nowhere close to over, and Russia under significant sanctions for oil and gas export.
Sask. drilling rig count down to 29, with just one rig working in southwest Saskatchewan on Dec. 6
ESTEVAN – Drilling activity in southwest and west central Saskatchewan are both markedly down in the first week of December, according to Canadian Association of Energy Contractors (CAOEC) data published by RiggerTalk.com.
Both wind and solar are producing next to no power in Alberta at noon on Tuesday
One, singular, soon-to-be-converted coal unit was producing three times more power than 36 wind farms and 29 solar facilities, combined.
Trudeau, Ford mark opening of Canada’s first full-scale electric vehicle plant
INGERSOLL, ON. – Canada’s first full-scale electric vehicle manufacturing plant officially opened in southern Ontario on Monday, with the prime minister and the province’s premier saying the launch of the facility marked a national milestone.
Prime Minister Justin Trudeau said electric delivery vans started rolling off the line earlier in the day at the General Motors CAMI production plant in Ingersoll, Ont., that was retooled to build the company’s BrightDrop all-electric vehicles.
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Canada ‘watching closely’ as Biden pressed to fix Inflation Reduction Act ‘glitches’
Prime Minister Justin Trudeau said Monday that Canada will be “watching closely” as the United States responds to complaints from Europe about the North American protectionism built into President Joe Biden’s signature climate change initiative.
Biden received an earful from French President Emmanuel Macron about “super aggressive” climate incentives in the Inflation Reduction Act — incentives that favour manufacturers in Canada and Mexico, as well as the U.S.
Saskatchewan Revenue Agency Act introduced, meaning two tax filings for business
As a business owner, do you prefer dealing with one tax agency, or two? Because you are soon likely to find out.
As part of its push to establish more autonomy from the federal government, on Dec. 5 the Government of Saskatchewan introduced Bill-122, The Saskatchewan Revenue Agency Act. It is aimed at establishing a new agency to pursue greater autonomy in tax collection.
Brad Wall’s speech at his “public hanging,” to use his words, as official portrait is unveiled at Legislature
“There is perhaps no better time for intentional reflection than at your own public hanging. I will ever be grateful for having the very unlikely opportunity to serve this province that I love. Thank you, Saskatchewan,” said former Premier Brad Wall in social media posts sharing this video of his speech at the event.
Quick Dick McDick: Bill C-21 The Hunting Rifle Ban
Short and sweet, Quick Dick McDick talks about the Trudeau government hunting rifle ban and its absurdities. Methinks he’s holding back a bit here, because a couple minutes surely isn’t all he has to day. But he says it pretty clearly. Check it out.
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.
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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.
Brian Zinchuk: Ding! Ding! Ding! Alarm bells should be ringing in Alberta as wind failure leads to second grid alert in three days. Saskatchewan should take notice
As evidenced twice this past week, the electrical grid can barely handle the demand we have, now, before we switch most of our transportation system to electric vehicles. What happens when half our cars and trucks are EVs? Then three-quarters? What happens when the wind doesn’t blow then? No one goes to work?
When will the other media take notice? When will they start to question this mad rush to wind and solar, and total adoption of electric vehicles? When will someone else in the Saskatchewan media declare “The emperor has no clothes?”
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Elite Safety Services acquires Nobel HSSE Management LTD
OXBOW – Nobel HSSE Management Ltd. of Oxbow, Regina and Saskatoon has been purchased by Brandon-based Elite Safety Services.
That company specializes in rescue, safety and medic services, while Nobel focused on leader in occupational health, WCB management, medical and safety services.
Alberta issues second grid alert in three days as wind power generation collapses, again
Another supper in Alberta is not being powered by wind generation.
Well, 99.54 per cent not powered by wind.
And by 4:53 p.m., the provincial grid operator declared the second “grid alert” this week.
Williston Basin Petroleum Conference returns to Regina May 2-3, 2023
The Williston Basin Petroleum Conference will be held in Regina on May 2-3, 2023.
Wait, what?
Doesn’t that conference alternate between Bismarck, North Dakota, and Regina, and wasn’t it held in Regina in 2022?
Yes, and yes. But there’s more to it than that.
List of areas the Alberta government accuses Ottawa of overreaching
EDMONTON — When the Alberta legislature resumed sitting Tuesday, the first bill introduced by the United Conservative Party government was one aimed at shielding the province from federal laws it deems harmful to its interests.
Op-Ed: UN Report Attempts to Swap “Net”-Zero with Absolute-Zero Emissions
Integrity Matters, the report from Catherine McKenna’s UN High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities, was launched at COP27 earlier in November. While probably appealing to climate activists or the likes of Steven Guilbeault, former Greenpeace activist and Canada’s Minister of Environment and Climate Change, it ought to be ignored and launched into the trash. The report effectively seeks to pull out the rug from under Canada’s resource industries by redefining net-zero with the effect that hydrocarbon investment would have to end, while demanding that the industry associations muzzle any criticism against such net-zero policies. Remarkably, it also insists that the industry only be permitted to lobby for more restrictions, euphemistically described as “positive climate action.” Despite the absurd recommendations, the McKenna report has pulled back the veil that, for the Expert Group at least, “net-zero” means “absolute” zero.
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‘Strong position’: Saskatchewan’s bottom line stable, government posts $1.1B surplus
“We’re seeing oil already dropping significantly from where it peaked earlier in the year. Potash has been more steady, but there still has been some softening,” Harpauer said.
Despite this, she projects Saskatchewan’s economic growth will still be relatively strong next year and the province’s gross domestic product will grow 1.4 per cent in 2023.
TC Energy expects cost of Coastal GasLink pipeline project to rise
The Coastal GasLink pipeline is not the only major energy infrastructure project in Canada to be plagued by cost overruns this year. In February, the company behind the ongoing Trans Mountain pipeline expansion project — which will increase oil transportation capacity from Alberta to the West Coast — announced the new cost of the project is an estimated $21.4 billion, up from an earlier estimate of $12.6 billion.
Enbridge finalizes Woodfibre LNG deal to assume 30 per cent ownership stake
Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the Woodfibre liquefied natural gas (LNG) project.
Patchwork Podcast: Strathcona Resources CEO Rob Morgan
Tracy Klotz and Kurt Price talk with Strathcona Resources president and CEO Rob Morgan on this month’s New Lloydminster Nissan Patchwork Podcast.
Alberta wind power capacity drops to less than 1% yet again, grid alert issued
On Tuesday night, supper time in Alberta was not lit by wind power.
That’s because at 6:18 pm., Alberta’s installed capacity of 3,466 megawatts of wind power generation was producing 24 megawatts.