The Institute for Energy Economics and Financial Analysis (IEEFA) has released a report attacking the financial benefits of Teck’s Frontier Mine Project. They claim that the accounting that went into the calculations of these benefits was “misguided and reckless”. Even if oil doesn’t reach the $95 a barrel-like the IEA predicts, the economics at the more modest price in Teck’s shareholder presentation will still be profitable at the current cost of development. This is another shot across the [Read more]
Column: No, Imperial Oil isn’t hiding important climate documents
On January 8th The Intercept, an activist news site, published an article shaming Imperial Oil for supposedly hiding its information about climate change for decades. This re-hashing of old arguments initially used to target ExxonMobil is making its rounds again on the internet as anti-hydrocarbon groups continue their assault on oil and gas companies. The idea that ExxonMobil or Imperial Oil were hiding documents was recently debunked last month by Energy In Depth which reported in [Read more]
Column: Alberta is being blockaded, something must be done
The current situation facing Alberta is intolerable and cannot be allowed to stand. Like his father, Justin Trudeau believes in weak provinces and a strong Ottawa. And like his father, he is willing to push the constitution beyond past convention to make Ottawa supreme over the provinces. No wonder Alberta Proud has convened a conference of experts on January 18th in Calgary to discuss a credible plan for what Alberta can do. Justin Trudeau has allied with ENGO's to impose a blockade on [Read more]
Column: Confusing Steam For Methane, and Other Things to Know About the New York Times’ Latest Emissions Story
Last week, the New York Times published an article called “It’s a Vast, Invisible Climate Menace. We Made It Visible.”. The article claims to have found damning evidence of methane leaks at oil and natural gas facilities in Texas’ Permian Basin. U.S. based Energy In Depth found that the claims being made in this article were misleading at best. The accusations by the New York Times article, though found to be deceptive, could be levered by hydrocarbon opponents in Canada. However, Canada has had [Read more]
Canadian Oil & Natural Gas Production Set to Soar Through 2040
Canada’s oil and natural gas production is projected to have steady growth through 2040 as key pipeline and export infrastructure are completed and prices rise over the long-term, according to the Canada Energy Regulator’s first long-term energy outlook. Specifically, the CER report finds that crude oil production is expected to grow by nearly 50 percent to around seven million barrels per day and natural gas production is set to increase by over 30 percent to over 20 billion feet per day. [Read more]