Category: Ethical Energy

I Want A New Country

Lorne Gunter;

After the death of Energy East, the Canadian Taxpayers Federation (CTF) decided to file access to information requests with the federal government asking whether foreign oil imported to Canada was subject to the new upstream/downstream scrutiny.
 
The answer, revealed Wednesday, is outrageous.
 
Imported foreign oil is not subject to the same Liberal environmental regulations as Western Canadian oil.
 
Oil imported from Saudi Arabia, the U.S., Iraq or any other country is not subject to upstream/downstream regs.

United We Roll

Updated:

The United We Roll convoy has reached Ottawa;

Hundreds of trucks are expected to roll into Ottawa Tuesday to protest the federal government’s policies on the oil industry.
 
The main portion of the United We Roll Convoy set out from Red Deer, Alta., last Thursday and made stops in Regina, Dryden, Thunder Bay, and Sault Ste. Marie before mustering at Arnprior, Ont., just outside the capital.
 

The rally is expected to occupy almost a kilometre of Wellington Street, in front of Parliament.

Those aren’t oil trucks. Those are Reichstag Fire trucks.

Meanwhile, in Juxtaposeland…

https://twitter.com/RachelCrossUTK/status/1097526170013306883

Truckers For Pipelines

Calgary Herald;

Organizers of a truck convoy to Ottawa to pressure the federal government to fast-track pipeline construction say the effort is snowballing.
 
Proponents of pushing hundreds of trucks and other vehicles to Parliament Hill in February say a GoFundMe page and a recruitment effort are swelling the effect of the so-called Yellow Vest protest that’s expected to embark from Red Deer on Feb. 15.
 
[…]
 
Several protest convoys of hundreds of vehicles have already trundled through Alberta venting anger over legal and political roadblocks facing the Trans Mountain and Energy East pipeline expansions.
 
Organizers of the Convoy to Ottawa effort say they’ll harness that momentum and emotion for the countrywide trek that is expected to end with a rally on Parliament Hill sometime between Feb. 19 and 23.

A “rally”? Fill the streets, park them and walk. Turn that city into a parking lot.

I Want A New Country

If you’re still wondering…

… why oil-rich Alberta doesn’t have a massive sovereign wealth fund like Norway, consider this.
 
Alberta is a province, not a country. Ergo, we don’t get to keep all the wealth we generate in this province. Not even close.
 
I realize this runs counter to the preferred narrative in Canada, where politicians and media types insist Alberta either “put all its eggs in one basket” by failing to diversify its economy (hello Christy Clark), or that Albertans “spent like drunken sailors” during boom times.
 
Sure, there’s some truth to those arguments. But the far bigger reason why Alberta isn’t rolling in filthy lucre is that we are part of a federation called Canada.

Dead Rose Country

Brian Zinchuk: Notley’s $350 million doesn’t come close to buying 7,000 rail cars and 80 locomotives

My math shows, on the low end, a price tag of $945 million for new rail cars alone. Coupled with ~$309 million for locomotives, and you come in at $1.254 billion. At the high end, it would be $1.484 billion for cars, totalling $1.793 billion including locomotives. Either way, it’s a heck of a lot more than the $350 million announced. Unless she’s leasing, Notley’s $350 million is only one-third to one-fifth of the money required to buy all these new trains, and no consideration has been given to staffing or operational costs.

Math is hard.

“Lewis Carroll is alive and well, and writing Canada’s energy policy.”

… the combination of regulations and procrastination, surreal taxation, endless court battles, and insensate opposition by brigades of wild-eyed foundations and NGOs can be said to constitute a “policy” only in the way that tumbling off a precipice to splatter on the rocks below might be described as “finding a neat shortcut to the valley.”

h/t Nancy

They Don’t Need No Stinking Giant Fans

The fossil-defueling of the planet has been postponed indefinitely;

The Kobe project is one of more than 30 new power stations being planned or built by Japan that burn coal — the dirtiest and most polluting fossil fuel and one which is being phased out by some 30 governments around the world. [..]
 
Japanese government officials justify their reliance on coal by citing cost, security of supply concerns and the need for a diverse energy mix. Coal power plants are “necessary” because “the resource is cheap and more economical with scale,” Shogo Tanaka, director of the Energy Strategy Office at METI, told the Nikkei Asian Review.

They’re acting as though they want the lights to stay on.

Galt Pipelines, Inc.

Niagara Independent;

One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude.

 

In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group Cos., warns investors and companies will continue to avoid the Canadian energy sector unless more is done to improve market access.

 

“Capital Group’s energy investments are increasingly shifting to other jurisdictions and that is likely to continue without strong government action,” Peers wrote in a letter dated Oct. 19. “I hope that your government will be even more proactive in securing market access which will assure the competitiveness of Canadian energy companies.”

Related.  The price of Western Canadian Select closed at $13.46 US a barrel on Thursday. Meanwhile, the American benchmark price, West Texas Intermediate, closed at $56.49 US.

h/t Ken (Kulak)

Galt Pipelines, Inc.

Energy Now;

The CEO of Calgary-based Encana Corp. is at no risk of losing his Texas accent.
 
With the $5.5 billion purchase of Texas-based Newfield Exploration Co., Doug Suttles says he envisions a “headquarterless” company. That transformation may have actually begun in March when he moved house to Denver.

Related: Enbridge Suspends Dividend Reinvestment and Share Purchase Plan

I don’t want my country back.

I want a new one.

Galt Pipelines

Spencer Fernando;

Calgary-based Crescent Point Energy is cutting their workforce by 17%.
Now, Suncor Energy has announced that any expansion of crude production has been put on hold.

Related.

h/t RALD

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