The Keystone XL pipeline could have started operating mere months from now The U.S. decision to ease sanctions and allow it to resume oil imports from Venezuela will hurt Canada’s oil sector, according to industry analysts. It’s another blow by the administration that cancelled the 830,000-barrel-per-day Keystone XL pipeline from Canada in January 2021. Now…
Canadian LNG cost competitive due to its relatively low shipping and liquefaction costs As European countries like Germany race to build new liquefied natural gas (LNG) import terminals to keep the lights on and the heat running, analysts say LNG from western Canada could help. Mainly destined for Asia, LNG shipped from B.C. could help…
Canadian LNG beats most other exporters when it comes to emissions Asia’s demand for liquefied natural gas (LNG) is rising fast as countries look for cleaner alternatives to coal while their economies expand. According to a new report by global research consultancy Wood Mackenzie, Asia should import LNG from Canada to significantly reduce its emissions.…
New IEA scenarios show that oil and gas will remain critical long into the future The latest outlook for energy demand to 2050 underscores Canada’s opportunity to supply responsibly produced oil and gas as the world works to reduce emissions. In all three scenarios published on Oct. 27 by the International Energy Agency (IEA), oil…
The world requires abundant, reliable, affordable energy to thrive
The European Parliament is endorsing a dangerous and misguided “fossil fuel non-proliferation treaty” that would cause harm to people around the world. The political forum is recommending that European Union member states phase out fossil fuels as soon as possible and stop all new investments in fossil fuel extraction. The " treaty " implies that…
The transition to a renewables future is not as simple as some people would like
A leading architect of Germany’s “Energiewende” push towards wind and solar over coal, oil, gas and nuclear admits that renewable energy alone is insufficient to maintain reliable supply. The comments by Peter Altmaier, who served as federal minister for economic affairs and energy from 2018 to 2021, come as Germany remains under a natural gas…
Oil is used to make everything from clothing, computers, cell phones, car components and furniture to medical equipment
Environmental activists are calling on Prime Minister Justin Trudeau to endorse a dangerous and misguided “fossil fuel non-proliferation treaty” ahead of the COP27 climate summit in Egypt. They want Trudeau to tell Canadians and the world that ongoing use of Canada’s oil and gas is an imminent threat to human society as bad as the…
But Trudeau government's emissions cap threatens future prosperity
A massive milestone has been reached in the growing trend of Indigenous people taking ownership of Canadian oil and gas projects. Twenty-three First Nations and Métis communities in northern Alberta are investing $1.1 billion to become part owners of seven Enbridge oil sands pipelines. It’s described as the largest energy-related Indigenous partnership transaction in North…
'He does not think beyond the pipeline. He does not think beyond the cause of the day'
American actor Mark Ruffalo took another uninformed swipe at the Coastal GasLink pipeline this week, claiming via Twitter that “the cleanest river in North America is about to be sacrificed to the oil and gas industry” because of project construction. Earlier this year, Ruffalo joined other celebrities to demand that RBC cease funding Coastal GasLink,…
Singling out oil and gas doesn’t make sense
Canada’s strategy to single out greenhouse gas emissions from the oil and gas industry could make it harder to meet overall reduction targets, according to two leading energy analysts. Neither of Ottawa’s two proposed policies to cap and reduce oil and gas emissions would allow carbon market trading with other industries. That’s a problem, says…