Russia resistant to economic pressure imposed by sanctions. For now

Russia resistant to economic pressure imposed by sanctions. For nowCould easily employ sanctions-avoiding mechanisms perfected by Iran The European Union continues its work to fine-tune the proposal to set price caps on Russian oil products. Last Friday, EU ambassadors strove to reach a broad agreement on the issue but could not. They are now scheduled to continue their deliberations this week. There are indications…

The “bass-ackward” state of energy transition in Canada

The “bass-ackward” state of energy transition in CanadaUntil politicians get out of the driver’s seat, we will never get energy transition right You’ve heard about getting things “bass-ackward”? That self-explanatory term pretty much describes the state of energy transition in Canada. That also means there’s no way Canada’s oil and gas sector, to channel prominent business thinker Jim Collins, is going from…

Albertans should just say no to Just Transition

Albertans should just say no to Just TransitionThe salary value of the jobs under threat is worth about $219 billion annually When the federal government writes down its plans for Alberta, we should take a close look. Prime Minister Justin Trudeau’s Just Transition plan could have a deep impact on Alberta’s energy, farming, construction and trucking. Details are murky, but based on…

Haisla Chief frustrated waiting on regulatory decision for Cedar LNG

Haisla Chief frustrated waiting on regulatory decision for Cedar LNG“Cedar is not only important from a Haisla perspective, [but from] a global perspective” The Haisla Nation is growing anxious for a regulatory decision on its proposed $3-billion Cedar LNG project on the west coast of Canada at the Port of Kitimat. If constructed, the floating liquefied natural gas (LNG) export facility, in partnership with…

The ‘Just Transition’ deadly for the West

The ‘Just Transition’ deadly for the WestTrudeau using Alberta as a whipping post to rile his woke base before an election Imagine being told that, despite your happiness in your current home, you need to move into a new type of house, full of untried, unsustainable technology. That’s the Just Transition. Whatever you call it, the federal government’s plan to hollow…

Forecast calls for a strong recovery in crude oil demand

Forecast calls for a strong recovery in crude oil demandThanks mainly to China finally emerging from its Covid-19 lockdowns The dynamics around energy markets are changing fast. China, the world’s largest crude importer, is finally beginning to open up, signalling that it has passed the COVID-19 peak and is now ready for business as usual. As a consequence, Beijing is reportedly on a crude…

If we don’t get energy transition right, we’re screwed

If we don’t get energy transition right, we’re screwedBut politicians are fiddling while Canada combusts Have you heard about Canada’s unjust energy transition? Better pay attention: it’s unfolding before your very eyes. The unjust transition will cost people jobs, create new and more insidious types of energy poverty, and accelerate negative environmental impact – the very opposite effects of what the putative notion…

Trudeau’s ‘Just Transition’ to ‘disrupt’ over 2.7 million jobs

Trudeau’s ‘Just Transition’ to ‘disrupt’ over 2.7 million jobsThe building trades, transportation, agriculture, energy, and manufacturing will all be affected A newly public federal document reveals that more than 2.7 million jobs across Canada can expect a “significant disruption” as a result of Ottawa’s Just Transition plan to reduce emissions.  Ironically, it comes at the same time as new analysis showing that world…

Confusing signals from Ottawa on oil and gas

Confusing signals from Ottawa on oil and gasIs Ottawa actually executing a master plan to shut down Canada’s oil and gas industry? Liberal climate policies and the future of Alberta’s oil and gas industry are again headline news thanks to recent remarks by Energy Minister Jonathan Wilkinson and Prime Minister Justin Trudeau. Their remarks have provided multiple opportunities for Alberta Premier Danielle…

Oil price cap costing Russia an estimated €160 million per day

Oil price cap costing Russia an estimated €160 million per dayBut Russia is still taking in €640 million a day from the sale of fossil fuels Are the EU sanctions on Russian crude exports working? If yes, to what extent? The debate is on. No one can deny that the price cap and the European Union embargo on Russian oil have cut into Moscow’s revenue.…
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