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

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 →

In Coal Phase-Outs, Canada and U.K. Part With U.S.

Globe and Mail: Environment Minister Catherine McKenna and her British counterpart, Claire Perry, will launch an international alliance to phase out coal-fired electricity at the Bonn climate summit this week, signalling a sharp contrast to U.S. President Donald Trump’s promotion of coal as an important global energy source. Ms. McKenna will take the stage at […]

November 13, 2017 Read More →

On the Blogs: Canada, U.K., and Netherlands in Pact to Phase Out Coal

International Institute for Sustainable Development: One indication that the global transition towards low-carbon forms of energy is picking up speed is the decline in demand for coal, as renewable energy sources are becoming increasingly attractive for building new generation capacity and countries are making efforts to decommission existing coal-fired power plants. The governments of Canada, […]

November 2, 2017 Read More →

Canada, Netherlands, U.K. Join List of Countries Turning Against Coal

Power Magazine: The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the U.K. and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a […]

October 12, 2017 Read More →

Setback to Kinder Morgan’s Canadian Oil Sands Pipeline Project

Reuters: British Columbia will not allow Kinder Morgan Canada Ltd to begin work on public land for its Trans Mountain pipeline expansion until it “meaningfully” consults aboriginal communities, provincial officials said on Thursday.  The $5.5 billion project through British Columbia, which secured federal government approval last year, would almost triple the capacity of the current […]

August 11, 2017 Read More →

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 →

Market Tide Buries Canadian Oil Sands

SNL: In the last month, Royal Dutch Shell plc and Conoco Inc. shed most of their upstream oil sands operations in the country in a pair of deals that valued their assets at just over C$30 billion. Shell sold its assets to Canadian Natural Resources Ltd. at a steep discount to replacement value, while Conoco […]

April 10, 2017 Read More →

Oil Companies Begin to Consider ‘Eventual Abandonment’ of Reserves

Sarah Kent, Bradley Olson and Georgi Kantchev for the Wall Street Journal: A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources will remain in the ground indefinitely. In a signal that the prospect is growing more […]

February 21, 2017 Read More →