Category: Ethical Energy

Galt Pipelines, Inc.

Ethical Energy Galt 45 Comments

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.

Ethical Energy Shiny Pony The Libranos 38 Comments

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

Ethical Energy Galt Great Moments In Socialism 46 Comments

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

Showing Up To Riot

Ethical Energy 26 Comments

Good job.

Related;

This careless government has careened from one bungle and self-manufactured crisis to another. From India, to Saudi Arabia, to Washington this week, it’s either catch-up, incompetence or peacock risibility. And as Ms. Freeland and her team pulled sophomore “all-nighters” to save free trade and appease the angry god in the White House, dear Alberta learned there was no way they will be able to trade their oil whatever way NAFTA goes.

Galt Pipelines

Ethical Energy Shiny Pony 139 Comments

Federal Court of Appeal quashes construction approvals for Trans Mountain, leaving project in limbo

In the decision released Thursday, and written by Justice Eleanor Dawson, the court found the National Energy Board’s assessment of the project was so flawed that it should not have been relied on by the federal cabinet when it gave final approval to proceed in November 2016.
 
The certificate approving construction and operation of the project has been nullified, leaving the project in legal limbo until the energy regulator and the government reassess their approvals to satisfy the court’s demands.
 
In effect, the court has halted construction of the 1,150-kilometre project indefinitely.
 
Now, the Liberal government is the owner of a proposed pipeline project that could be subject to years of further review.

Well, then.

Canadian Oil Crisis Continues As Prices Plunge

Ethical Energy 33 Comments

Oilprice.com;

Canadian oil producers are once again suffering from a steep discount for their oil, causing the largest spread between Canadian oil and WTI in years.
 
Western Canada Select (WCS) recently fell below $40 per barrel, dropping to as low as $38 per barrel on Tuesday. That put it roughly $31 per barrel below WTI, the largest discount since 2013.
 
The sharp decline in WCS prices is a reflection of a shortage of pipeline capacity. Much of the talk about pipeline bottlenecks these days focuses on the Permian basin, and the unfolding slowdown in shale drilling, which could curtail U.S. oil production growth. But Canada’s oil industry was contending with an inability to build new pipeline infrastructure long before Texas shale drillers.

Shiny Pony Pipelines, Inc.

Ethical Energy Shiny Pony You Might Be A Liberal 94 Comments

They can’t enforce our laws, but they can buy the world! And piss off an entire nation in the process – media included. Check out the wording of  this CBC headline;

A good morning to tune in to John Gormley for prairie reaction. Click the Listen Live button at top right.

Timing is everything.

Galt, Incorporated

Ethical Energy Galt 48 Comments

Bloomberg;

The president and chief executive of Cenovus Energy warns investor confidence in Canada will erode further if the Trans Mountain pipeline expansion doesn’t get built.

 

“Canada really is at a crossroads,” Alex Pourbaix told BNN Bloomberg in an interview Thursday.

 

“This country has extraordinary oil resources, the third-largest resources in the world, and a track record for responsible development,” Pourbaix said. “And I think right now the international community – and particularly the investment community — is watching.”

But ‘going Galt’ isn’t just for pipelines anymore.

Car2Go, the prominent car-sharing company that claims 80,000 users in Toronto, will stop operations in the city on May 31, it announced Thursday in a release.

 

The company blames city hall, saying a new free-floating car-sharing pilot program passed by council in April after months of debate is overly restrictive and renders its service “inoperable.” Specifically, it called the parking permit fees of about $1,500 per vehicle “unprecedented.”

 

“City councillors have passed a heavily restricted pilot that ultimately weakens mobility options for Torontonians,” said Car2Go North America chief executive Paul DeLong in the release. […]

 

Mayor John Tory issued an email statement accusing Car2Go of choosing “confrontation over collaboration with city council.”

Maybe he should just sue them back into business.

h/t Raid, Dan T.

 

Galt Pipelines, Inc

Ethical Energy Shiny Pony 44 Comments

Toronto Star;

A month after Prime Minister Justin Trudeau stepped in to resolve the impasse between British Columbia and Alberta over the expansion of the Trans Mountain pipeline his government has little to show for its efforts.

 

Trudeau’s offer to compensate Kinder Morgan — the parent company of the pipeline — for any financial losses resulting from the opposition of the B.C .government to the project has yet to be taken.

With our money.

Galt Oil, Inc.

Ethical Energy Shiny Pony 28 Comments

Imperial Oil To Halt Project Expansions In Canada;

Imperial Oil says they won’t be doing any more project expansion in Canada, as regulatory burdens make the approval process far too time consuming.

 

Their CEO says “I have lived and worked in a lot of places, and four-and-a-half years to get a project that has strong economics, pace-setting environmental performance, is inordinately long.”

It took them a while, but they’re finally taking my advice.

Galt Pipelines, Inc.

Ethical Energy 24 Comments

A tremendously useful article from 2014, by Vivian Krause.

The greatest obstacle to energy infrastructure projects isn’t technical expertise or financial capital; it’s gridlock due to opposition from strong alliances between environmental organizations and First Nations and their ability to attract media attention and stop or stall development. This gridlock has been fomented by the Tar Sands Campaign, a heavily-funded international initiative launched by the Rockefeller Brothers Fund and the Tides Foundation in 2008.

 

The explicit goals of the Tar Sands Campaign are to stop expansion of the Canadian oil industry, to reduce demand for oil sands crude in the U.S. and to stop or stall pipeline and port construction.

Bookmark and share it.

Galt Pipelines, Inc.

Climate Cult Ethical Energy Shiny Pony 34 Comments

 “Wink wink nudge nudge” — Trudeau rewards BC with a $4.1b cheque

Aren’t the folks in the B.C. NDP government the bad boys and girls of Confederation in this painful pipeline drama. Aren’t they the ones getting in the way of Alberta crude?

 

Aren’t Trudeau and his pals telling us they’re real committed to a pipeline and are looking for ways to get the B.C. NDP government to stop playing silly buggers, using every trick in the book to delay Kinder Morgan’s pipeline expansion to the west coast?

 

If that’s all true, what the hell is this?

 

The Trudeau Liberals sign on to handing over $4-billion-plus over 10 years to the B.C. NDP government for construction projects.

Related:  Saskatchewan also considering cutting off the gas over pipeline delay

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation