Canada

IEEFA Research

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →
IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

IEEFA report: ‘Canada’s Folly’ could drive national budget deficit 36% higher while ensuring Houston-based Kinder Morgan a 637% gain

Purchase of stalled Trans Mountain Pipeline would benefit Texas company at expense of taxpayers; Call for full public disclosure; C$11.6 billion in completion costs for ‘a pipeline project that is unnecessary’

June 26, 2018  (IEEFA)— Canada could see its budget deficit grow by more than a third with the national government’s purchase of the Trans Mountain Pipeline from Houston-based Kinder Morgan, according to a report published today by the Institute for Energy Economics and Financial Analysis. The report —“Canada’s Folly: Government Purchase of Trans Mountain Pipeline Risks […]

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

Trans Mountain pipeline costs are adding up for Canadian government

National Observer: The Trans Mountain oil pipeline is costing a Canadian Crown corporation some staggering interest expenses that cast doubt on strong revenues from the infrastructure touted in the federal government’s recent economic update. The interest expenses were $20 million over a single month in September, right after Prime Minister Justin Trudeau’s government purchased the […]

December 10, 2018 Read More →

IEEFA U.S.: ExxonMobil goes back large into risky Canadian oil sands

Two years after writing down its reserves, XOM subsidiary Imperial invests again

ExxonMobil’s (“XOM”) Canadian subsidiary Imperial Oil has announced its intention to invest C$2.6 billion[1] in the Aspen mines, an oil sands project in Alberta, Canada. This is big news. In February 2017, the company formally de-booked 4.6 billion barrels of reserves in the Canadian oil sands, 19% of XOM’s worldwide reserves. The Aspen announcement was […]

November 29, 2018 Read More →
IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

November 19, 2018 Read More →

Opponents blast new Trans Mountain review, warn of more legal fights

Calgary Herald: The National Energy Board is repeating its mistakes with a new review of the Trans Mountain pipeline expansion, laying the groundwork for another court challenge, say First Nations, environmental advocates and politicians in British Columbia. The new review of the project’s impacts on the marine environment is too rushed and limited and the […]

October 24, 2018 Read More →

Berman: Trans Mountain an economic, environmental mistake

The Star – Edmonton: Controversial environmental activist and professor Tzeporah Berman and Premier Rachel Notley went toe to toe over pipelines and policy at an Alberta Teachers’ Association conference on Saturday. Berman, a York University professor who previously served on the Alberta’s government’s Alberta’s Oil Sands Advisory Group and drew controversy for her staunch anti-pipeline […]

October 15, 2018 Read More →
and

IEEFA Canada: Ill-advised oil sands project faces rough future

Math doesn’t add up on Teck’s Frontier initiative

Teck’s $20.6 billion Frontier Oil Sands Mine Project, now before the Canadian Environmental Assessment Agency Joint Review Panel, faces an extraordinary and alarming combination of risks.  The project will face financial distress for its entire 41-year life cycle, according to the report by our organization, the Institute for Energy Economics and Financial Analysis (IEEFA.org),  neither […]

and October 10, 2018 Read More →

Canada carves out protections for Trans Mountain pipeline in new free trade agreement

The Star: Experts say an annex in North America’s newest trade agreement could protect the Trans Mountain pipeline expansion from financial difficulties. The United States-Mexico-Canada Agreement (USMCA) forbids all three governments from giving non-commercial assistance to Crown corporations, meaning governments can’t help corporations restructure debt, rescue a corporation from bankruptcy, or support activities that will […]

October 10, 2018 Read More →

Canada to try again on Trans Mountain project

Reuters: Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday. The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest […]

October 8, 2018 Read More →

Canada to try again on Trans Mountain project

Reuters: Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday. The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest […]

October 4, 2018 Read More →

Canadian court deals major blow to Trans Mountain Pipeline

Reuters: A Canadian court on Thursday overturned approval of the Trans Mountain oil pipeline expansion, ruling that Ottawa failed to adequately consider aboriginal concerns, in a blow to Prime Minister Justin Trudeau’s efforts to balance environmental and economic issues. Trudeau’s government agreed in May to buy the pipeline from Kinder Morgan Canada Ltd for C$4.5 […]

August 31, 2018 Read More →