Category: Ethical Energy

Y2Kyoto: Walkaway

The dumbest generation of CEO’s in history tried to appease the crocodiles:

In a rare display of corporate sanity, Suncor Energy has abruptly cut funding to a climate activist charity peddling “resilience” projects across Indigenous communities. The decision marks a welcome shift away from the company’s years-long flirtation with the Environmental, Social and Governance (ESG) mob.

Suncor had pledged $500,000 to The Resilience Institute, a climate group focused on adapting communities to so-called “climate risks.”

But instead of handing over the cash and patting itself on the back for more hollow virtue signalling, Suncor pulled the plug — quietly, firmly, and without apology.

Mischief Is Important

If I was running the industry that serves as perennial whipping boy for Liberals, I’d screw over their manufactured “price drop at the pumps” campaign stunt, too.

Obligation To Serve

Six Things to Know About Your Electric Utility

Many years ago, a comedy group posted a video featuring actors as average Americans in a slick faux commercial satirizing coal energy. Turns out the coincident target of this mockery was the rest of us and how little we understand about what powers our lives.

“What if the power to sustain your world was right inside a mountain?” asks the narrator. He continues, “What if you could power an entire city for a hundred dollars?” A man in a hard hat says, “Cheap power is clean power. The future is later.” A woman looks soberly at the camera, “Electricity comes from the walls in my home where I live.”

There’s No Business Case For LNG Exports

Bloomberg, with nifty graphics.

Every six hours, somewhere in the world, a shipment of liquefied natural gas controlled by a Japanese company leaves a port. The vessels — giant, floating thermoses that keep the fuel super-chilled — cross the globe, destined for pipelines in energy-hungry countries in every hemisphere.

These tankers, which handle a quarter of all LNG shipments, are only the tip of Japan’s increasingly dominant gas empire. With the enthusiastic backing of the government, corporate Japan now offers a complete package for countries looking to replace aging, and near-unfinanceable, coal power stations with gas: Its engineering firms will provide technology and parts, its utilities some fuel, and the banks will offer financing.

Buy Saskatchewan? Major nuclear MOU signed

SaskPower, Cameco and Westinghouse sign MOU on future nuclear development

With Westinghouse now 49% owned by Saskatoon-based Cameco, the prospect of “buying Saskatchewan” becomes significant.

As a side note, I’ve been expecting this sort of development ever since Cameco announced it was buying nearly half of Westinghouse. While SaskPower is currently committed to building GE-Hitachi reactors at Estevan, at least two of them, it’s quite possible subsequent reactors will be Westinghouse models. And Moe has told me several times the government is considering big, 1000 megawatt reactors.

As for the fancy curved architecture, I expect the final product will be much more utilitarian.

There’s No Business Case For LNG Exports

Bloomberg: Norway Gas Scare Puts European Market on Edge

Europe’s gas market has been jolted out of its slumber.

An outage in key supplier Norway sent prices up Monday by the most this year, and uncertainty over the duration of repairs has traders on edge.

A fault on a pipe at the Sleipner Riser platform shut off operations at the country’s massive Nyhamna processing plant and curbed flows into the UK’s Easington terminal, an entry point for a third of Britain’s supply.

Futures jumped as much as 13%, showing the impact of such a disruption even with European demand still sluggish and stockpiles brimming. Prices partly recovered Tuesday on news that the halt may end Friday.

Yet the network operator has given scant detail on the repair plan, and past outages at Norwegian facilities have often been extended.

Estevan for the reactor win

Premier Scott Moe came to Estevan to announce that if SaskPower builds reactors, they will be near Estevan. It’s been narrowed to two possible sites (maps in story).

Here’s the reactor portion of his speech, verbatim.

And in it, he talks about how SaskPower just might keep its coal fleet in operation until the reactors are built and operating. That would be well past the federal mandate, which Saskatchewan just might ignore.

And the premier’s social media shared the story, too.

 

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