As a polar vortex began its descent into BC & Western Canada late last week bringing record low temperatures, the Indian Resource Council (IRC) was trying to warm things up on Bay Street in Toronto with a conference proposing major project collaboration and investment for true reconciliation and action with Indigenous peoples. The True Reconcili-ACTION Conference featured discussions on such topics as First Nations participation in major capital projects and the power of investing and [Read more]
Energy realities to consider as COP28 discussions wrap up
As COP 28 winds down, the Canadian oil and gas industry is faced with the unenviable task of making sense of the declarations, plans, proposals, and unrealistic promises while attempting to chart a path forward. Global leaders aggressively addressed oil and gas methane cuts using a one-two punch of financial incentives and strict new regulations and yet failed to convince the world to abandon coal. Coal-intensive countries like South Africa and Indonesia backtracked on commitments (as [Read more]
As green energy falters, conventional energy clean technology surges ahead
Recently, the Wall Street Journal reported that “The energy transition is getting a dose of reality” as the shift away from oil and gas continues to look increasingly more expensive and farther away. Author Phred Dvorak noted: “Offshore wind projects are being scrapped, and renewable-energy companies’ share prices are tanking. In the U.S., automakers are reining in electric-vehicle plans as demand falters. Meanwhile, the oil-and-gas industry is embarking on a round of megadeals enabled by [Read more]
Climate Change, Disasters, and the Rightful Place of Science with Roger Pielke Jr.
Last week the Canadian Global Affairs Institute invited Dr. Roger Pielke Jr., author and professor at the University of Colorado Boulder, to speak at a dinner event at the Calgary Petroleum Club. It was truly a remarkable experience to hear not only the results of his investigations and research but also to hear the story of his experiences in attempting to communicate his findings regarding the science of climate and weather events. Dr. Pielke regularly talks about what the [Read more]
Suncor’s still committed to energy transition… and so much more
Most of us heard last month that a federal committee had invited Suncor CEO Rich Kruger to speak after his August 15th statements that Suncor should return to its oil production roots and focus on “the fundamentals” of safety, operational integrity, reliability and profitability over energy transition. Kruger was quoted in various media (including the Globe and Mail) from an August 14th earnings call as saying Suncor had been neglecting “the business drivers of today” in pursuit of clean, [Read more]
Is the World on Track to Reach Net Zero Emissions on Time?
It’s pretty well known that some 110 countries are committed to net zero emissions by 2050, including the U.S., the EU, the UK, Australia and... Canada. So it’s a bit puzzling that the Canadian federal government is proposing regulations this year which would require electricity grids across the country to reach net-zero emissions within a dozen years… by 2035. So why the rush to 2035 for electrification if the emissions commitment is for 2050? Premier Danielle Smith and her ministers [Read more]
The rush to net zero 2035 and the implications for electrical grid transitions
There were some interesting declarations made this week by Jonathan Wilkinson, Minister of Energy and Natural Resources. He met with Dr. Fatih Birol, Executive Director of the International Energy Agency for a bilateral meeting in Paris France and subsequently released Canada's Carbon Management Strategy which advocates for increasing electrification… “Electrifying more activities—from vehicles to heating and cooling buildings to various industrial processes” This current announcement [Read more]
Big Energy Week In Calgary builds to Global Summit in Banff
It’s a big week for the energy industry in Calgary with the 24th World Petroleum Congress underway and expecting as many as 15,000 visitors. The five-day WPC 2023 conference is expected to be attended by more than 5,000 delegates from 100-plus countries. It is closely followed by the Future of Energy Global Summit which is attracting global leaders and innovators to Banff, Alberta for a series of keynote speakers and panel discussions addressing the most urgent energy-related topics. The [Read more]
Alex Epstein returns to Alberta with a prescription for effective energy dialogues
Don’t look now energy deniers, catastrophists, and fossil fuel obstructionists, but Alex Epstein’s plain language, clear thinking talking points are coming for you. And no amount of trendy emotional plays will stand up against them. Last week Alex Epstein returned to Alberta for the Canadian Energy Executive Association (CEEA 72) Energy Business Forum chaired by Brent and Allison Quinton to present his latest data and new insights into the future of energy in North America and the [Read more]
Clean Electricity Regulations- Is it realistic to turn away from natural gas?
On Thursday, August 10th, Canadian federal Environment Minister Steven Guilbeault publicly announced a new set of draft regulations on clean electricity- the Clean Electricity Regulations (CER). Not surprisingly, the regulations were of high interest to producers of natural gas. Published with the title “Powering Forward Canada: Building a Clean, Affordable and Reliable Electricity System for Every Region of Canada”, the draft proposes nationwide, economy-wide regulation of electricity. The [Read more]
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