Russia following Iran’s playbook on how to skirt sanctions Australia, Britain, Canada, Japan, the United States, and the 27-nation European Union finally, but hesitantly, agreed last Friday to cap the price of Russian crude oil imports by other nations at US$60 per barrel. The EU embargo on importing Russian seaborne crude is in effect from…
The Keystone XL pipeline could have started operating mere months from now The U.S. decision to ease sanctions and allow it to resume oil imports from Venezuela will hurt Canada’s oil sector, according to industry analysts. It’s another blow by the administration that cancelled the 830,000-barrel-per-day Keystone XL pipeline from Canada in January 2021. Now…
Major financial institutions are revisiting their commitment to curbing oil and gas investment In the past few months there have been some noteworthy developments for the global alliance known as GFANZ (Glasgow Financial Alliance for Net Zero). GFANZ, founded by Mark Carney and Michael Bloomberg in the spring of last year and promoted at COP26,…
The EU is split on the price to charge for Russian exports There are less than two weeks left, but the decision to cap Russian seaborne crude exports at a ‘certain price level’ still faces significant roadblocks. And the G7 and the European Union have not yet made a final decision as to the price…
But it is imperative that companies in Canada receive the business certainty they need to move forward With the world in the grip of the first truly global energy crisis, millions of people are bracing for a winter that is expected to be marked by power brownouts, heating fuel shortages and widespread economic recession. Skyrocketing…
The primary goal of governments today is to keep the lights on “Fossil fuel addiction is hijacking humanity. Renewables are the exit ramp from the climate hell highway. Negotiators at COP27 have a chance to make a difference. They must make it here and now.” So tweeted United Nations Secretary-General Antonio Guterres on November 18…
The opportunity costs of not exporting natural gas and oil remain enormous Manitoba premier Heather Stefanson finally voiced support for more energy exports out of Hudson Bay. That is excellent news because the potential is real and the reasons to refuse are illusory. “We are looking at liquefied natural gas, primarily,” Stefanson told reporters recently.…
The UK and other parts of Europe may be in for a cold and chilly winter December 5 is fast approaching. On the day, and despite the tightness in the markets resulting from the OPEC output cut, major moves are at play on the global energy chess board. That is the day the EU is…
Risks killing the golden goose while doing nothing for the environment A tonne is a tonne is a tonne. Whether emitted by an oilsands mine in Fort McMurray, an auto plant in Oshawa, or a private jet manufacturer in Montreal, a tonne of CO2 emitted into the atmosphere has the exact same effect on our…
Applies only to oil and gas sector. Quebec aircraft manufacturers, Ontario auto plants get a free ride It’s hard to wrap one’s head around what $45 billion represents. It’s such a huge number that, for most of us, it essentially becomes meaningless. And yet, it’s about as much as our federal government spends in a…
Russia following Iran’s playbook on how to skirt sanctions Australia, Britain, Canada, Japan, the United States, and the 27-nation European Union finally, but hesitantly, agreed last Friday to cap the price of Russian crude oil imports by other nations at US$60 per barrel. The EU embargo on importing Russian seaborne crude is in effect from…
The Keystone XL pipeline could have started operating mere months from now The U.S. decision to ease sanctions and allow it to resume oil imports from Venezuela will hurt Canada’s oil sector, according to industry analysts. It’s another blow by the administration that cancelled the 830,000-barrel-per-day Keystone XL pipeline from Canada in January 2021. Now…
Major financial institutions are revisiting their commitment to curbing oil and gas investment In the past few months there have been some noteworthy developments for the global alliance known as GFANZ (Glasgow Financial Alliance for Net Zero). GFANZ, founded by Mark Carney and Michael Bloomberg in the spring of last year and promoted at COP26,…
The EU is split on the price to charge for Russian exports There are less than two weeks left, but the decision to cap Russian seaborne crude exports at a ‘certain price level’ still faces significant roadblocks. And the G7 and the European Union have not yet made a final decision as to the price…
But it is imperative that companies in Canada receive the business certainty they need to move forward With the world in the grip of the first truly global energy crisis, millions of people are bracing for a winter that is expected to be marked by power brownouts, heating fuel shortages and widespread economic recession. Skyrocketing…
The primary goal of governments today is to keep the lights on “Fossil fuel addiction is hijacking humanity. Renewables are the exit ramp from the climate hell highway. Negotiators at COP27 have a chance to make a difference. They must make it here and now.” So tweeted United Nations Secretary-General Antonio Guterres on November 18…
The opportunity costs of not exporting natural gas and oil remain enormous Manitoba premier Heather Stefanson finally voiced support for more energy exports out of Hudson Bay. That is excellent news because the potential is real and the reasons to refuse are illusory. “We are looking at liquefied natural gas, primarily,” Stefanson told reporters recently.…
The UK and other parts of Europe may be in for a cold and chilly winter December 5 is fast approaching. On the day, and despite the tightness in the markets resulting from the OPEC output cut, major moves are at play on the global energy chess board. That is the day the EU is…
Risks killing the golden goose while doing nothing for the environment A tonne is a tonne is a tonne. Whether emitted by an oilsands mine in Fort McMurray, an auto plant in Oshawa, or a private jet manufacturer in Montreal, a tonne of CO2 emitted into the atmosphere has the exact same effect on our…
Applies only to oil and gas sector. Quebec aircraft manufacturers, Ontario auto plants get a free ride It’s hard to wrap one’s head around what $45 billion represents. It’s such a huge number that, for most of us, it essentially becomes meaningless. And yet, it’s about as much as our federal government spends in a…