PSAC -the National Trade Association representing service, supply, and manufacturing in the upstream energy sector announced its rebrand to ENSERVA last week to signify its focus on a much broader energy industry. The BOE report sat down with January McKee, Director and Board Chair of ENSERVA and President of AMGAS Services Inc to talk about the impetus for change. ENSERVA has been in operations for over 40 years as PSAC, advocating primarily for the oil and gas service sector which is [Read more]
Alex Epstein- Hydrocarbons and Human Flourishing “Hockey Sticks”
It’s hard to believe New York Times bestselling author Alex Epstein founded the Center for Industrial Progress (CIP) over a decade ago. As president of the CIP, he launched an impressive career dispelling modern myths and false prophesies related to fossil fuels and the environment and regularly delivers lectures around the world. I am sure I am not the only new hire arriving for the first day of work at a North American Oil and Gas company to find management had given me a personal copy of [Read more]
Michael Binnion – Sept 30th an important deadline for Federal comments
When you think of champions of the interests of the Energy sector, it is hard to find someone more interesting and dynamic than Michael Binnion, President and CEO of Questerre Energy. With experience as Executive Director of a private merchant banking firm, as Chairman of High Arctic Energy Services and the Manning Foundation and as the founder of the Modern Miracle Network, Binnion has been championing energy interests for decades. The BOE report last talked to him in February 2022 about the [Read more]
Column: Alberta’s hydrogen tech future
What's happening with hydrogen in Alberta? The Alberta Hydrogen Roadmap has put us on the “path to building a provincial hydrogen economy and accessing global markets.” According to the website Alberta is already the largest hydrogen producer in Canada, with all the resources, expertise, and technology needed to quickly become a global supplier of clean, low-cost hydrogen. They quote an estimate of the worldwide market to be worth over $2.5 trillion a year by 2050 and predict hydrogen can be the [Read more]
Michael Shellenberger in Banff- “There is no need for a physical scarcity of natural gas”
Recently, the Canadian Energy Executive Association invited one of the most dynamic energy advocates to speak at the CEEA '71's Energy Business Forum at the Fairmont Banff Springs, and keynote speaker Michael Shellenberger did not disappoint. Michael Shellenberger has been a climate and environmental activist for over 30 years. He is the founder and president of Environmental Progress, an independent nonprofit research organization that incubates ideas, leaders, and movements and has been [Read more]
Column: Emissions Reduction, Offsets and KYC
KYC or “Know Your Customer” is a well-known acronym for the process of identifying and verifying the client's identity. But in 2022, KYC might also be construed to mean “Know Your Carbon”– essential identification and verification for companies in light of increasing carbon emission regulations. As companies strive to reduce their carbon footprint and comply with mandatory carbon reduction schemes, carbon markets have emerged under both mandatory (compliance) schemes and voluntary programs. [Read more]
Carbon credit reprise – Can carbon markets withstand another recession?
Carbon credits are one of the key outcomes of the COP26 climate summit in 2021 that were green-lighted by the approval of Article 6 – the Paris Agreement's wording governing carbon markets. Article 6 of the Paris Agreement permits countries to cooperate to achieve emission reduction targets. Under Article 6, countries can transfer carbon credits earned from the reduction of GHG emissions to enable each other to meet climate targets. Carbon credit trading is pretty brisk in 2022, while many [Read more]
Decarbonization by electrification not as advertised
In an insightful article last week, Dan Yergin asked - "Is today’s energy crisis as serious as similar previous ones – particularly the 1970s oil shocks?" Yergin answered emphatically… “Yes and it is potentially worse.” “Today’s energy crisis did not begin with Russia’s invasion of Ukraine, but rather last year when energy demand surged as the world emerged from the COVID-19 pandemic. That is when China ran short of coal and prices shot up. The global market for liquefied natural gas (LNG) [Read more]
For hydrogen opportunity – Agile and Albertan is best
Alberta has been producing hydrogen for more than 50 years and is not only the largest hydrogen producer in Canada, it is also one of the largest hydrogen producers in the world. Hydrogen has huge potential to decarbonize hard-to-abate sectors as described in the Alberta Hydrogen Roadmap report in 2022. which states- “Hydrogen could provide up to 24 percent of global energy demand by 2050, growing to almost 700 million tonnes per year. This represents an almost eight-fold increase from the [Read more]
Carbon intensity not colours for hydrogen
As carbon reduction measures are implemented and mature globally, there is a growing realization of the need to define and prioritize energy sources like hydrogen according to a carbon intensity rating instead of using colours to designate the source of the process used to make it as described by André Nascimento at H2 Bulletin. As oil and gas and now electricity dramatically increase in price globally, many countries are now facing the reality of immediate or impending energy crises as [Read more]
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