CALGARY - Atco Energy Solutions says it will build its first renewable natural gas facility in Alberta. The facility will be built north of Vegreville, Alta., and should be up and running by late 2022. It will capture methane emissions from manure and other organic waste to produce fuel. Atco says the facility will produce enough natural gas to heat 2,500 homes per year and reduce carbon emissions by 20,000 tonnes annually. Vegreville-based biofuels company Future Fuel Ltd. will partner [Read more]
Canada’s new net-zero advisory panel to explore ‘carbon budget’ as part of 2050 goal
OTTAWA - The co-chair of an expert panel designed to advise Canada on how to reach net-zero emissions says it is exploring the idea of creating budgets for greenhouse gas emissions. Dan Wicklum says the net-zero advisory body authored a report summarizing what other groups in Canada and beyond have said about ways to neutralize carbon-related emissions by 2050. The Liberal government recent passed legislation enshrining this target into law, meaning by that year, whatever greenhouse gas [Read more]
‘Replacing the money’: public funds didn’t increase oil well cleanups, study suggests
Much of the taxpayer money that has funded oil well cleanup in Alberta may have simply replaced money that energy companies would have spent anyway, according to a new analysis. That means the public is likely paying for private companies' pollution, says the report from the Parkland Institute, a research group headquartered at the University of Alberta. "It's hard to say because the data is so limited," said Megan Egler, author of the institute's report. "But what I did find is highly, [Read more]
Government of Alberta takes 50 per cent stake in Sturgeon Refinery
CALGARY - The Alberta government is taking 50 per cent ownership of the controversial Sturgeon Refinery northeast of Edmonton. The province has signed a restructuring deal that also extends the length of Alberta's processing contract with the refinery by 10 years, to 2058. The province says the deal means less taxpayer risk in the long-term. It says Alberta will benefit from being both a toll payer and a facility owner. The government says the restructuring deal won't cost the province [Read more]
TC Energy files legacy NAFTA claim; seeks $15B in damages after KXL cancellation
CALGARY - TC Energy says it will seek more than US$15 billion from the U.S. government in the wake of President Joe Biden's cancellation of the Keystone XL pipeline's damage permit. The Calgary-based company says it launched a claim under the legacy rules tied to the old North American Free Trade Agreement, or NAFTA, because of what it says is the U.S. government's breach of its free trade obligations. The company has filed a notice of intent with the U.S. Department of State. Biden [Read more]
Report calls for public takeover of old oil and gas wells to fund their cleanup
A new report by a group of independent researchers concludes that most of Alberta's energy wells no longer hold enough oil and gas to pay for their cleanup. The report by the Alberta Liabilities Disclosure Project recommends a public agency be formed to step in to operate those wells and use the revenues to fund reclamation. Lead author Regan Boychuk says the report uses information from the Alberta Energy Regulator to calculate the province's total cleanup bill for old oil and gas wells [Read more]
Alberta should focus on innovation to attract U.S. investment, says Washington envoy
CALGARY - Alberta's trade envoy to Washington said the province needs to do a better job of promoting the role it can play in clean energy for the U.S. James Rajotte told an Edmonton business crowd Friday that despite the cancellation of the Keystone XL pipeline, opportunities exist south of the border for Alberta's energy sector. He said U.S. President Joe Biden's aggressive stance on climate change presents a challenge for Alberta's oil and gas industry, and that some Democrats in [Read more]
Inter Pipeline rejects revised hostile takeover offer by Brookfield Infrastructure
CALGARY - Inter Pipeline Ltd. has rejected a revised hostile takeover offer by Brookfield Infrastructure Partners LP that allows shareholders to receive their payment entirely in cash instead of a mix of cash and shares if they want. The company urged shareholders to reject the offer and support its friendly all-stock deal to be bought by Pembina Pipeline Corp., which would see shareholders receive half a Pembina share for each Inter Pipeline share they hold. Inter Pipeline says it [Read more]
Brookfield Infrastructure revises Inter Pipeline bid to include all-cash option
TORONTO - Brookfield Infrastructure Partners LP has revised its hostile takeover offer for Inter Pipeline Ltd. to give shareholders the option to receive their entire payment in cash, instead of a mix of cash and shares, if they desire. The company also says it is prepared to increase its bid if it is successful in challenging a $350-million break fee Inter Pipeline must pay if it calls off its friendly all-stock deal to be bought by Pembina Pipeline Corp. Brookfield Infrastructure says it [Read more]
Canada’s crude oil exports have increased 15-fold in 30 years
The value of crude oil exports from Canada has increased over 15-fold in the last 30 years, according to a report from Statistics Canada and the Canada Energy Regulator. The increase means exports of the resource accounted for more than 14 per cent of Canada’s total exports in 2019 with a value of $84.3 billion. In 1990, crude oil made up only 3.6 per cent of the country's total exported products. The report says crude oil production has also grown considerably over the last three [Read more]
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