In a move that is best described as grandstanding, Steven Guilbeault Minister of Environment and Climate Change of Canada has seized upon what he says is a “window of opportunity” to launch a misguided attack on the Canadian oil and gas industry that he calls the "oil and gas greenhouse gas pollution cap". The oil and gas GHG pollution cap for the first compliance period, 2030-2032, would be set at 27% below emissions reported for 2026, which is estimated to be equivalent to 35% below 2019 [Read more]
Can “Energy Diversity” Replace Energy Transition-The Critical Role of All Forms of Energy
The challenges and opportunities in the Canadian energy sector are hot topics of discussion as the industry waits for the outcome of the 2024 U.S. elections. Although analysts with Economist Intelligence have declared the US presidential election is now a toss-up, the publication also recognizes that during the Biden presidency, three critical laws—the CHIPS and Science Act, the Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA) have created an ambitious and formidable [Read more]
Soaring AI implementations and Next-Gen AI tools for the Energy industry
As the oil and gas industry embraces the advantages of generative AI and its implications for optimizations, the implications for natural gas demand increase are certainly being celebrated. Data center power demand is soaring as AI rapidly expands across many applications in industry and natural gas can guarantee the 24x7 reliable power that data centers need. The industry is naturally enthusiastic about the insatiable nature of AI’s appetite for electricity as much as it is for the [Read more]
Perspectives for the Oil and Gas Industry on the pending emissions cap
“We're challenging this proposed policy that would stifle our energy industry," said Alberta Premier Danielle Smith speaking at the Oct 15th press update about Alberta’s response to the federal government’s oil and gas emissions cap. "It would kill jobs and it would ruin economies.” First proposed on December 7, 2023, as the Regulatory Framework for an Oil and Gas Sector Greenhouse Gas Emissions Cap –the federal emissions cap has not failed to elicit criticism, condemnation and stark [Read more]
AI evolution and industry implications- Yuval Noah Harari on the history of information networks
Although the expression "A rising tide lifts all boats" is now considered cliche, one could say the rising tide of AI implementation is certainly lifting the body of work of Yuval Noah Harari, historian, philosopher, & bestselling author, not only in the minds of scholars, but also in the minds and strategies of energy and tech companies, media and politicos alike. His most recent book, "Nexus: A Brief History of Information Networks from the Stone Age to AI", published in September 2024, [Read more]
A Conversation with Canadian Energy Innovator Jim Kinnear
When it comes to speaking about the future of energy, few Canadians have participatory insights from deep experience like James S. Kinnear. After establishing Pengrowth Management Limited in 1982 which initiated investments in oil and gas properties on behalf of pension fund clients, he launched Pengrowth Gas Income Fund which became Pengrowth Energy Trust- a pioneer in the Canadian energy trust sector, which grew from an initial public offering of $12.5 million into a $4.12 billion enterprise. [Read more]
A look back at the learnings from the Global Energy Show 2024
As always, the Global Energy Show is a great gathering of industry stakeholders from CEOs to young professionals for a robust exhibition, events and technical and strategic conferences and kudos go out to Nick Samain Senior Vice President - North America at DMG Events for producing another great show. The strategic conference in particular did not disappoint. In his ministerial address to open the strategic conference, the Honorable Jim Reiter, Minister of Energy and Resources, Government of [Read more]
An honest conversation about energy, the economy, and the environment with Dr. Scott Tinker
An era of ever-escalating exaggeration is upon us. Somehow the word hyperbole used to describe the stream of dire climate “pronouncements” is much too academic and too mild. It doesn't adequately describe the true nature of the messages that climate activists are producing - increasingly shrill messaging that has profound consequences for the West and any country that accepts and implements their action items and timelines. On April 10th, in the most recent expression of “hyperbole” or [Read more]
Reconciliation- Alberta First Nation Chiefs bid to keep $130 million in Federal funds for well cleanup
In 2020, with a $1 billion Federal government cash injection to clean up inactive wells, the Alberta government allocated $100 million of that funding to Indigenous groups with $85 million in funding allocated to First Nations and $15 million to Metis communities. Currently, over $130 million of the total Federal money allocated to the province remains unspent which the provincial government has confirmed as an estimate and says it is expected to return. Today, Chiefs from across Alberta [Read more]
Canadian Energy Independence – Keeping Oil and Gas Investment in Canada
Moving away from producing oil and gas in Canada is coming at a very high cost. On one hand, it is slipping away because our federal leadership has embraced poorly conceived ideas that hydrocarbons are expendable while being oblivious to the ubiquitousness of their influence in creating Canadian prosperity. On the other hand, our neighbour and biggest trading partner, the U.S. has out-maneuvered every nation globally with the power of lucrative subsidies and incentives like the 45Q and the [Read more]
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