Tom ShepstoneShepstone Management Company, Inc. …. …. Medicine Hat, Alberta, threw a cool $12 million into a solar facility that still cannot compete with natural gas; it’s bitter medicine. This one is a pitch perfect illustration of the foolishness that is the premise green energy can compete with natural gas. It has to do with
Read More...Here are the top news stories covering Canada’s energy landscape: Alberta Nixes Limits on Oil Production, Limits Expire at End of Year The Albertan government recently announced that while it will continue to maintain its regulatory authority to curtail oil production through 2021, it has no plans to set limits over the next year. The
Read More...TC Energy on Thursday awarded more than $1.6 billion in contracts to six major American contractors to build more than 800 miles of the now-stalled Keystone XL Pipeline in three states in 2021, Kallanish Energy reports. The six companies will be responsible for hiring more than 7,000 union workers. The companies are Barnard Pipeline of
Read More...Canada’s oil and natural gas industry, which is largely based in Alberta, is responsible for contributing to Ontario’s economic success, according to new figures from the Canadian Energy Centre. The CEC’s figures, based on survey results from 2016, reveal the oil and natural gas generated more than $7.3 billion in nominal GDP for the Ontario
Read More...Suncor Energy has announced plans to cut its workforce by up to 15% over the next 18 months, after crude oil demand has been reduced by the coronavirus pandemic, Kallanish Energy reports. The company, with headquarters in Calgary, Alberta, said 5% of the workers will be cut in six months and another 10% to 15%
Read More...Here are the top news stories covering Canada’s energy landscape: Company Behind Keystone XL Inks Deal, Indigenous Groups Gain Stake TC Energy, the Alberta-based energy company behind the Keystone XL project, announced it had reached an agreement with an Indigenous interest group representing communities in Alberta and Saskatchewan. The memorandum hopes to give Indigenous communities
Read More...... … … Ontario gave a Canadian version of the Green New Deal a decade to prove itself and it failed — spectacularly so — for the province citizenry. In February 2009, Ontario, Canada passed its Green Energy Act. The act entailed: increased integration of wind and solar energy into Ontario’s electricity grid, shutting down coal
Read More...Canadians feel the oil and gas industry is valued and important, according to recent polls including one in Quebec, which has had a fracking ban since 2018. The Quebec survey showed Quebecers’ prefer domestic natural gas production over importing the fuel, and another survey revealed that across various political ideologies, a majority of Canadians support
Read More...Here are the top news stories covering Canada’s energy landscape: Survey: Canadians Believe Natural Gas Is Important for Canada’s Economy New analysis from a survey being conducted at the University of Ottawa found that while political parties in Canada may be amplifying ideological differences between Canadians, a majority of Canadians believe the oil and gas
Read More...Here are the top news stories covering Canada’s energy landscape: Poll: Quebecers Support Domestic Energy Production When it comes to developing national resources for energy consumption, Quebecers are all-in. According to a new Ipsos poll conducted on behalf of the Montreal Economic Institute (MEI), Quebecers overwhelmingly prefer to import Western Canadian oil as opposed to
Read More...Here are the top news stories covering Canada’s energy landscape: ESAI Energy: While Oil Production Increases Globally, Canadian Oil Sands Are Rebounding Faster than Others As oil prices begin to stabilize, production amongst Canadian Oil Sands producers is rebounding faster than other energy markets, ESAI Energy reports. In their latest North America Watch, ESAI Energy
Read More...Ticktock, ticktock. That is the sound of clocks at oil and gas companies still waiting to hear back on the short-term assistance that was announced by the Federal Government in April. Many now face looming restructurings, sell-offs or insolvency in a distressed market. What went wrong? An industry facing the double whammy of Saudi Russian
Read More...Canada’s Supreme Court has dismissed an appeal from British Columbia First Nation groups against expanding the Trans Mountain oil pipeline, Kallanish Energy reports. The court in Ottawa, Ontario, has dismissed appeals from four First Nation groups, effectively ending the year-long legal battle over the project. The court gave no reason for its decision. Work has
Read More...Here are the top news stories covering Canada’s energy landscape: Alberta Energy Minister Calls Norway’s New Oil Tax Cuts “Hypocritical” In an attempt to provide some relief to its oil and natural gas industry, Norway’s government cut taxes on the industry by 40 percent to help stimulate the sector and attract oil companies to the
Read More...Here are the top news stories covering Canada’s energy landscape: New Report Steers Policy Makers Away From Oil and Gas Developments A new report from the Stockholm Environment Institute is receiving criticism for inflating risks associated with new oil and natural gas development projects in Canada. A new blog from the Canadian Energy Network states
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