Alberta sits on some of the largest oil reserves in the world. Alberta's geology also gives the province an advantage in carbon capture and storage. CCS technology is now key to Alberta's hopes of aligning oil sands operations with Canada's current emissions reduction targets. But Alberta needs better Federal tax measures or the U.S will attract CCS capital away. The U.S. Inflation Reduction Act of 2022 (IRA) provides critical updates to the 45Q tax credit, which incentivizes the use of [Read more]
Alex Epstein in Calgary addresses energy challenges including COP27
The first two weeks of November 2022 were a fascinating time in the oil and gas and energy geopolitical ecosphere. There was a confluence of several international gatherings addressing global collaborations across economic, environmental, trade and energy topics. The first week of November saw the start of the 2022 United Nations Climate Change Conference on Sunday, Nov. 6 which ran until Nov .18. The Association of Southeast Asian Nations- the ASEAN Summit ran from Nov. 10 to Nov. 13. The [Read more]
Making sense of Carbon Markets and Registries
Environmental commodities are a class of commodities that are taking off in popularity globally. They are of particular importance to the oil and gas industry and can be generally referred to as non-tangible environmental credits. The value of environmental credits is keyed to the demand of market participants who are faced with imperatives to both produce and consume lower carbon forms of energy. Markets have developed for both voluntary and compliance credits in response to the demand of [Read more]
ENSERVA rebranding reflects energy transformation
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]
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