Canada

IEEFA Research

IEEFA Investor Memo ExxonMobil (XOM): Company Is an ‘Outlier’ in How It Reports Write-offs on Canadian Oil Sands Assets

Loss Accounting ‘Largely Overlooked by Industry Analysts;’ Full Transparency Could Affect Balance Sheet by $22 Billion

April 17, 2017  (IEEFA.org) – The Institute for Energy Economics and Financial Analysis (IEEFA) today published an investor memo questioning whether ExxonMobil has appropriately accounted for its recent write-off of billions of barrels of Canadian oil sands assets. In “ExxonMobil Investment Note,” IEEFA outlines how ExxonMobil remains the exception in the oil industry in its […]

April 17, 2017 Read More →
IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

November 5, 2016 Read More →

More News and Commentary

As global transition gains momentum, institutional investors question G7’s resistance

Reuters: Institutional investors with $26 trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas emissions were too weak to limit warming as agreed by world […]

June 4, 2018 Read More →

On the blogs: billionaire Houston oilman is the winner in Canada’s rescue of Trans Mountain pipeline project

Sightlines Institute: In his continuing bid to earn his country the title of most corrupt petro-state, Canadian prime minister Justin Trudeau just committed his government—or, rather, all of the country’s citizens—to a Can$4.5 billion bailout for the Trans Mountain pipeline expansion project. Trudeau’s government has agreed to buy the existing Trans Mountain Pipeline, along with […]

June 4, 2018 Read More →

On the Blogs: Houston-Based Kinder Morgan Gets a Canadian Bailout

Sightline Institute: In his continuing bid to earn his country the title of most corrupt petro-state, Canadian prime minister Justin Trudeau just committed his government—or, rather, all of the country’s citizens—to a Can$4.5 billion bailout for the Trans Mountain pipeline expansion project. Trudeau’s government has agreed to buy the existing Trans Mountain Pipeline, along with […]

May 31, 2018 Read More →

Canada to Buy Troubled Trans Mountain Pipeline

Reuters: Canada will buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline for C$4.5 billion ($3.5 billion), the government said on Tuesday, hoping to save a project that faces formidable political and environmental opposition. Finance Minister Bill Morneau said purchasing the pipeline was the only way to ensure that a planned expansion could proceed. The pipeline, […]

May 30, 2018 Read More →

Commentary: Trans Mountain Financial Problems Are Kinder Morgan’s Issue, Not Canada’s

National Observer: In an unusual action for a Sunday afternoon, on April 8, 2018, Kinder Morgan Canada Limited (KML) issued a press release announcing it had taken the Trans Mountain pipeline expansion project hostage. The company said it was suspending “all non-essential activities and related spending” on the project. The demands? Meet two conditions by […]

May 17, 2018 Read More →

B.C. Pipeline Opposition Roils Canadian Politics

Bloomberg: British Columbia Premier John Horgan, who has vowed to use every possible means to thwart a Kinder Morgan Inc. pipeline expansion, was told by legal advisers last year before taking power that blocking the project would be against the law. That hasn’t stopped the 58-year-old former pulp mill worker from digging in his heels to stop […]

April 13, 2018 Read More →

In Shift to Renewables, Alberta Sees 7,000 Jobs and $10 Billion in Private Investment Activity

Edmonton Journal: The province is taking more bids from companies interested in producing renewable electricity as part of a plan to shift 30 per cent of Alberta’s grid to green sources by 2030. The competition seeks proposals to generate a total of 700 megawatts of solar, wind, biomass or other sustainable energy, enough to supply […]

April 5, 2018 Read More →

Canada’s Electricity-Generation From Fossil Fuels Drops to 20 Percent

CBC News: NEB chief economist Shelley Milutinovic said the trend in Canada is that renewable energy sources like wind and solar are replacing coal as Canada moves to eliminate that as a source of electricity by 2030. Between 2005 and 2016, non-hydroelectric renewables — wind, solar and biomass — grew from 1.5 per cent of […]

December 21, 2017 Read More →

Op-Ed: Electricity-Generation Transition in Canada

Globe and Mail: While momentum is clearly building to end pollution from burning coal, a change of that magnitude takes time. As environmental organizations reported this week, some Canadian companies are among those investing to expand coal power overseas. While companies are responsible for their own decisions, this news does not represent the growing trend […]

December 15, 2017 Read More →

IEEFA Update: The Many Risks in Rising Oil Prices

Prices at the Pump Will Go Up; Economic Fallout Will be Substantial; Oversupply Is a Possibility

OPEC member nations alongside other oil-producing countries yesterday announced the continuation of production cuts through 2018 in a move designed to keep prices rising. Last year, as the first wave of recent production cuts kicked in, oil prices were $45 a barrel. They have since risen 28 percent, to $58. While this upward trajectory is […]

December 1, 2017 Read More →