Canada

IEEFA Research

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

Fluence announces largest Canadian battery storage project

Energy Storage News: A vast new energy storage system – thought to be the largest of its kind in Canada to date with 48 MW/144 MWh capacity, will be built in the city of Sault Ste Marie, Ontario. Fluence, the venture jointly owned by developer AES Corporation and Siemens, will provide energy storage technology and […]

August 16, 2018 Read More →

Resistance growing to Canada’s planned purchase of Kinder Morgan pipeline

247WallStreet.com: Canadian resistance to buying the Trans Mountain pipeline system Kinder Morgan Inc. subsidiary Kinder Morgan Canada is increasing, and with it so is short interest in Kinder Morgan. Short sellers added 12.5 million shares to their positions in the two-week reporting period ended July 31, and 2.4% of Kinder Morgan shares were short. Environmental […]

August 13, 2018 Read More →

Kinder Morgan filings have Trans Mountain Pipeline costing Canadian government an additional $1.5 billion

Canadian Press service: Kinder Morgan Canada documents say expanding the Trans Mountain pipeline could cost the federal government an additional $1.9 billion (US$1.5 billion) beyond the company’s original construction estimate, and will take another year to complete. The figure is included in documents Kinder Morgan Canada filed Tuesday with the United States Security and Exchange […]

August 8, 2018 Read More →
IEEFA update: U.S.-Canada trade tensions could scuttle Kinder Morgan sale of Trans Mountain Pipeline
and

IEEFA update: U.S.-Canada trade tensions could scuttle Kinder Morgan sale of Trans Mountain Pipeline

Political hurdles remain on government’s buyout of faltering project

The fate of the unfinished Trans Mountain Pipeline in western Canada may be determined 3,000 miles away — in Washington. The stalled project, designed to link oil-sands fields in Alberta with West Coast ports, would become nationalized under the terms of a deal announced in June that would have the Canadian government buy the pipeline […]

Commentary: Pipeline purchase likely to leave Canadian taxpayers on the hook

Fortune.com: The Canadian government’s decision to buy the Trans Mountain Pipeline and expansion project for 4.5 billion Canadian dollars has left many wondering: What is Prime Minister Justin Trudeau thinking? All around the world, decisions to drill new oil wells; frack for gas; mine new coal; and build pipelines, ports, and fossil-fueled power stations are […]

July 2, 2018 Read More →

Trans Mountain Pipeline a bad investment for Canada—IEEFA

The Canadian Press: The federal government’s purchase of the Trans Mountain Pipeline will add significantly to the deficit next year, according to a study by a sustainable energy research group. Buying the Kinder Morgan Canada assets, plus planning and construction costs, will put $6.5 billion in unplanned spending on the books for the 2018-19 fiscal […]

June 28, 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 […]

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 →