CALGARY - Alberta Premier Danielle Smith is calling one of the world's premier energy research institutions "no longer credible" after it released a report saying fossil fuel demand is likely to peak this decade. Smith says the International Energy Agency no longer does analysis, it points to outcomes it wants and outlines paths to get there. She says she prefers to get her information from private-sector analysts. The International Energy Agency has 31 member countries and works with [Read more]
Canada Growth Fund invests $90M in Calgary geothermal company
CALGARY - A geothermal energy company is the first recipient of funding from the Canada Growth Fund, the federal government's new $15-billion arm's-length public investment vehicle. Calgary-based Eavor Technologies Inc. has developed a proprietary closed-loop geothermal system that the company says can be used to produce clean, reliable baseload heat and power. The Canada Growth Fund has committed $90 million of Series B preferred equity in the company, to help Eavor grow its business [Read more]
Impact assessment law ruling could ‘reset’ Canadian energy policy landscape: CAPP
CALGARY - The head of an oil and gas lobby group says last week's ruling by the Supreme Court of Canada against large portions of the federal government's impact assessment law could reset the policy landscape in this country in favour of energy development. Canadian Association of Petroleum Producers CEO Lisa Baiton said in a panel discussion in Calgary on Wednesday that Canada's oil and gas industry has been subjected to layer upon layer of federal regulation in recent years. She said [Read more]
Supreme Court opinion doesn’t change plans to regulate oil, gas emissions: Guilbeault
OTTAWA - Environment Minister Steven Guilbeault says regulations to cap emissions from oil and gas production will be published later this fall despite a recent Supreme Court of Canada decision affecting federal environmental law. The opinion issued Friday said some parts of the federal environmental assessment legislation are unconstitutional because they could allow Ottawa to regulate activities that lie solely within provincial jurisdiction. Guilbeault says the government is still [Read more]
Small-cap companies not ready for climate disclosure rules: TMX Group CEO
CALGARY - The CEO of the company that operates the Toronto Stock Exchange says most of this country's small- and mid-sized companies are unprepared for expected new climate disclosure requirements. Canadian securities regulators are currently considering adopting a new rule that would require publicly traded companies in Canada to disclose to investors a range of information related to climate change and their company's environmental impact. These new rules could include requirements to [Read more]
Coastal GasLink pipeline project 98 percent complete
CALGARY - TC Energy Corp. says its Coastal GasLink pipeline project is 98 percent complete. Coastal GasLink is a 670-kilometre pipeline spanning northern British Columbia that will carry natural gas across the province to the LNG Canada processing and export facility in Kitimat, B.C. TC Energy says the pipeline will be mechanically complete before the end of the year. Earlier this year, the company raised the estimated project price tag for Coastal GasLink to $14.5 billion, up [Read more]
Embattled energy company fights regulator over seizure of thousands of wells
CALGARY - An embattled Calgary energy company is fighting the provincial regulator's decision to seize thousands of its inactive wells. AlphaBow Energy has complained to the Alberta ombudsman and the province's information and privacy commissioner over the Alberta Energy Regulator transferring control of more than 6,000 wells, pipeline segments and other facilities to the Orphan Well Association. Earlier this month, the regulator barred AlphaBow employees from attending any of those sites [Read more]
Smith says despite difficulty with Ottawa, Alberta has allies in Trudeau cabinet
BANFF, Alta. - Alberta Premier Danielle Smith told a business conference on Friday that despite her concerns with the federal Liberal government, there are some cabinet ministers she can work with. Smith has been at odds with federal Environment Minister Steven Guilbeault and Natural Resources Minister Jonathan Wilkinson amid concerns over Ottawa's climate-change policies and transition plan for a net-zero emissions economy. Guilbeault intends to publish draft regulations this fall to cap [Read more]
Regulator yanks thousands of wells from troubled oil company, transfers for cleanup
Alberta's energy regulator has transferred thousands of oil and gas wells and other facilities held by a troubled Calgary company to the group that's responsible for cleaning up poorly maintained or abandoned sites. In an order issued Monday, the regulator has told AlphaBow Energy that it is no longer allowed on the sites it owns and has transferred control to the Orphan Well Association. Regulatory documents show more than 3,000 wells, 2,700 pipeline segments and 350 facilities are [Read more]
Trans Mountain says ‘worst-case’ could see pipeline completion delayed to end of 2024
CALGARY - The Crown corporation behind the Trans Mountain pipeline expansion says it may not complete the project before December 2024 if a regulator does not approve its request for a route deviation. Trans Mountain Corp. says the new time frame is a worst-case scenario that could add close to $86 million in cost overruns to the final project price tag. Trans Mountain Corp. had hoped to have the pipeline in service in early 2024 but has run into engineering difficulties related to the [Read more]
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