CALGARY - An Alberta oil and gas industry expert says the Supreme Court of Canada's ruling that the federal carbon price is constitutional raises questions about Canada's ongoing ability to compete with other energy producers around the world. Richard Masson, an executive fellow at the University of Calgary's School of Public Policy, says the ruling represents a shift in power to Ottawa from the provinces which produce most of Canada's oil and gas and have the most expertise in regulating, [Read more]
In split decision, Supreme Court says the federal carbon price is constitutional
The Supreme Court of Canada says the federal carbon price is entirely constitutional. The split decision upholds a pivotal part of the Liberal climate-change plan, accounting for at least one-third of the emissions Canada aims to cut over the next decade. Chief Justice Richard Wagner says in the written ruling that climate change is a real danger and evidence shows a price on pollution is a critical element in addressing it. "It is a threat of the highest order to the country, and [Read more]
Oilpatch workforce faces more cuts this year before rebound in 2022-23
CALGARY - Canada's oil and gas workforce is expected to shrink this year thanks to a spate of layoffs linked to corporate mergers and low levels of oilfield activity before staging a modest rebound over the next two years. Energy labour data firm PetroLMI, a division of Energy Safety Canada, says there will be a need for net hiring in 2022 and 2023 but there will still be fewer overall jobs than there were in 2019. In its three-year forecast, PetroLMI says direct industry employment is [Read more]
COVID-19 weakened environmental rules across Canada, mostly in Alberta
CALGARY - A University of Calgary study has found Alberta relaxed more environmental rules in response to the COVID-19 pandemic than any other government in Canada. Victoria Goodday at the university's School of Public Policy found that 143 environmental rules and regulations were loosened last year. Every jurisdiction in the country except Manitoba relaxed at least some. Goodday found that Alberta relaxed or suspended 54 regulations — far more than anywhere else — although she notes [Read more]
Proposed $2.6B Alberta methanol project inks deal to add carbon capture ability
CALGARY - A partner in an Alberta carbon capture and storage project that recently celebrated storing its one millionth tonne of CO2 says it has an agreement with a northwestern Alberta chemical plant developer that could result in building a second large-scale system. Privately held Enhance Energy Inc. says it has agreed with Nauticol Energy Ltd. to work together on the capture and sequestration of up to one million tonnes of CO2 per year from Nauticol's $2.6-billion proposed methanol [Read more]
CP Rail/KCS rail merger to unite loading and unloading links for bitumen transport
CALGARY - A partner in a project designed to allow more oilsands bitumen to be shipped by rail from Canada to the U.S. says the US$25-billion merger of Canadian Pacific Railway Ltd. and U.S. rival Kansas City Southern promises to provide additional benefits. Jim Albertson, senior vice-president of the Canadian business unit for Houston-based USD Group, says CP Rail and KCS have been "instrumental" in moving forward Western Canada's first diluent recovery unit (DRU) now under construction at [Read more]
Look to next-gen oil and gas leaders to end North America’s energy stalemate
WASHINGTON - North America's polarizing pipeline battles have seen many venues — from the Prime Minister's Office and the U.S. State Department to the windswept plains of Nebraska and Minnesota to judge's chambers on both sides of the Canada-U.S. border. The irreconcilable differences are rooted in the regional nature of the energy industry in both countries, experts say, with climate-change hardliners on one side and oil-and-gas traditionalists on the other. The solution, when it does [Read more]
CP Rail merger with Kansas City Southern expected to benefit Canadian shippers
CALGARY — The merger of Canadian Pacific Railway Ltd. and Kansas City Southern promises improved service for Canadian shippers, but the impact on crude-by-rail volumes will be muted, observers said Monday. The US$25-billion takeover deal announced Sunday would link the Canadian and northern U.S. rail networks of Canadian Pacific with the southern U.S. and Mexican routes of KCS, with the only significant overlap at Kansas City, Mo., where the railways share a rail yard. In a tweet on [Read more]
Imperial Oil urges shareholders to reject ‘premature’ net-zero 2050 carbon motion
CALGARY - Imperial Oil Ltd. is recommending investors attending its annual meeting in May vote against a shareholder resolution that it adopt a corporate-wide target to achieve net-zero carbon emissions by 2050. The motion, made by Aequo Shareholder Engagement Services on behalf of Quebec group retirement system Batirente, argues that Imperial's current 2023 emissions reduction target is a step in the right direction but that it is also important to have a long-term strategy. In its notice [Read more]
Chevron Canada to stop funding further feasibility work Kitimat LNG project
CALGARY - Chevron Canada Ltd. says it will stop funding further feasibility work on its proposed Kitimat LNG project on B.C.'s north coast. The company holds a 50% stake in the project in a joint venture with Australia's Woodside Petroleum Ltd. Chevron, which is the project operator, put its interest up for sale in December 2019, but has failed to find a buyer. When the company put its stake up for sale, Chevron said it would continue to work with Woodside on agreed project activities [Read more]
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