Enbridge investment builds on momentum following April milestone of notice to proceed
The outlook for Canada’s extra-low emissions Woodfibre LNG project just got even stronger. A new $1.5 billion investment by Enbridge builds on momentum following the April milestone of notice to proceed being issued to the project’s main contractor. “Woodfibre is now essentially assured to go ahead with the recent announcement,” says Thomas Liles, vice-president with…
The bad: they still satisfy only seven per cent of the world’s energy demand
By Jock Finlayson and Denise Mullen We are living through an extraordinary period in the evolution of international energy markets. Amid the turmoil and trade disruptions caused by Russia’s brutal invasion of Ukraine, energy reliability and security concerns have suddenly re-emerged with a vengeance. And the higher energy costs linked to the war are hitting…
Crude pundits are divided – literally on geopolitical lines, depicting the fault lines within the industry. Two contrasting scenarios are emerging. On one end is the demand gloom, while on the other is the possibility of a rise in global crude consumption. The Organization of Petroleum Exporting Countries (OPEC) is saying a fall in global…
Most Indigenous peoples and nations are not opposed to resource development. In fact, almost every Indigenous community is involved at some level in forestry, commercial fishing, agriculture, oil and gas or mining already. What we are opposed to is being left out. For over a century, resources were extracted from our territories without our say…
Episode 21 in our DECARBONIZATION series is the second of three episodes revealing Canada's involvement in nuclear energy and the global forces and sources of change that are contributing to its revitalization. The series was produced by KEI Network in partnership with Troy Media. We welcome your comments below. Panel Dr. Robert Walker is…
Activists like to trumpet the narrative that the world is rapidly transitioning away from fossil fuels, but the reality is different
An activist group called Oil Sands Divestment is trying to convince the British Columbia Investment Management Corp. (BCI) to get out of fossil fuels by the end of this year. The campaign says oil and gas is not a sound investment and that projects are increasingly “stranded assets.” Neither is true. Amid what the International…
The prospects of a global economic slowdown are beginning to hit oil demand
The much-awaited ministerial meeting of the Organization of Petroleum Exporting Countries and its allies, including Russia, in the expanded OPEC+, opted to increase its September output by just 100,000 barrels per day (bpd). Despite the urgings of U.S. President Joe Biden to open Saudi Arabia’s crude oil taps during his visit there, the announced output…
But building LNG infrastructure like long-haul pipelines in Canada is "challenging"
Canada’s potential to supply natural gas to Europe as liquefied natural gas (LNG) has gone from an afterthought to a critical part of the discussion on how to replace gas from Russia, according to analysts with Norway-based Rystad Energy. European countries are facing emergency measures to reduce energy use to ensure enough natural gas is…
Ottawa must bring in legislation to ensure the project gets built now more than ever
Ottawa needs to finally declare through legislation that the Trans Mountain Expansion Project is to the national advantage of Canada. Doing so would prove to the Canadian public and Indigenous communities that the federal government is serious about seeing it completed. Make no mistake, killing the project would be devastating for many Indigenous communities along…
Episode 20 in our DECARBONIZATION series is the first of three episodes revealing Canada's involvement in nuclear energy and the global forces and sources of change that are contributing to its revitalization. The series was produced by KEI Network in partnership with Troy Media. We welcome your comments below. Panel Morgan Brown is a professional…
The outlook for Canada’s extra-low emissions Woodfibre LNG project just got even stronger. A new $1.5 billion investment by Enbridge builds on momentum following the April milestone of notice to proceed being issued to the project’s main contractor. “Woodfibre is now essentially assured to go ahead with the recent announcement,” says Thomas Liles, vice-president with…
