Good news for Weyburn Unit, Whitecap, SaskPower, Weyburn and Estevan:
Whitecap Resources to buy CO2 from SaskPower until 2035, providing market for SaskPower’s BD3.
I did some in-depth analysis on the broader picture on all this, especially how carbon pricing in the US and Canada affect the economics.
Remember, the CO2 is used for enhanced oil recovery, dramatically extending the life of an oilfield that has now been producing over 65 years. And FYI, my kid found work with a oilfield company that’s worked in the Weyburn Unit for 62 years, give or take. I hope she can make a career there as a heavy duty mechanic.
A while ago I pointed out on Gormley that lower oil prices were definitely going to have an impact on Saskatchewan’s finances. I was right, as finances are down a half billion from budget.
Also, the feds just dished out $30 million for 1500 EV chargers in Quebec. Because of course they did.
So let’s see here, the federal government, with our tax dollars, have dished out money for EV manufacturers, battery plants, rebates on the EVs themselves, and now chargers. Is there anything they’ve missed? Maybe you get a car! And you get a car! Might have to do a column on this.
And, on the topic of the feds, after slow walking its construction for years, all of a sudden there’s a serious panic to get the Trans Mountain Pipeline complete and operating. Well, from what I understand, good luck with that.