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

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 →
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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 →

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 […]