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

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 →

Canada Plans Coal Phase-Out by 2030

Ethan Lou for Reuters: Canada will announce on Monday a plan to virtually eliminate the use of traditional coal-fired electricity by 2030, the Globe and Mail newspaper reported, citing anonymous sources. The measure will offer flexibility to some provinces that have resisted the federal government’s plans to counter climate change, government sources told the Globe. […]

November 21, 2016 Read More →

Election Outcome Means ‘Much Work to Do’ for Pipeline Opponents

Ernest Scheyder and Valerie Volcovici for Reuters:The surprising victory by Native American and environmental groups in September to delay the Dakota Access Pipeline may turn out to be short-lived, after Donald Trump’s unexpected win in the U.S. presidential election. Trump backs measures to speed energy industry development and upgrade the country’s oil and gas infrastructure. […]

November 10, 2016 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 →

Shell Divesting From $1 Billion in Canadian Oil-Sand Assets

Chester Dawson for the Wall Street Journal: Royal Dutch Shell PLC said it had reached a deal to sell $1 billion of shale-oil and gas assets in Western Canada as part of a global divestment program to raise cash and streamline its business operations. Those assets currently produce dry gas and natural-gas liquids equivalent to […]

October 21, 2016 Read More →

Alberta Moves to Protect Taxpayers From Coal-Mine Cleanup Costs

Tracy Johnson for CBC News: As Alberta moves away from coal-fired electricity, the provincial government is trying to ensure it will not be on the hook to clean up old coal mines once they stop operating. The Alberta Energy Regulator is planning to audit nine coal mines beginning by mid-September to ensure that each operator […]

July 29, 2016 Read More →

A Canadian Province Moves Aggressively Toward Development of a New Energy Economy

The Government of Alberta Embraces Renewables, Efficiency, a Carbon Tax, and a Plan to Systematically Close Coal-Fired Power Plants

Jason Chee-Alloy, an energy market analyst with PowerAdvisory LLC in Toronto, is out with a valuable overview of Alberta’s plan to transform its electricity grid to zero coal consumption by 2030. Chee-Alloy, in a presentation to UBS clients, has highlighted the simplicity and cost-effectiveness of the plan, which boils down to four points: Add renewables […]

July 11, 2016 Read More →