More News and Commentary

Trillions of fossil assets potentially stranded, accounting battles loom

Wall Street Journal ($): At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in Wentzville, Mo. Just over a year later, GM said it would go all electric by 2035. Analysts are worried that some […]

November 22, 2021 Read More →

Enbridge announces joint venture for large-scale CCS projects

E&E News ($): Pipeline company Enbridge Inc. and three other energy companies announced a partnership Friday to build and operate carbon capture projects in North America for large industrial emitters. The companies — which also include Canadian-based Svante Inc. and Cross River Infrastructure Partners LLC, and OTS Ltd. in the U.S. — signed a memorandum […]

August 2, 2021 Read More →

Keystone XL developer plans switch to renewables to operate pipelines

Reuters: Canadian pipeline operator TC Energy Corp (TRP.TO) could spend billions of dollars on its plans to lower emissions by switching to renewable energy to run its huge network of U.S. and Canadian oil and gas pipelines. Calgary-based TC Energy, which ships oil and gas through nearly 100,000 kilometres (62,140 miles) of pipelines, one of […]

July 30, 2021 Read More →

TC Energy finally pulls plug on Keystone XL oil pipeline

Wall Street Journal ($): Canada’s TC Energy Corp and the Albertan provincial government said Wednesday they would scuttle the Keystone XL oil pipeline project, bringing to an end a years-long controversy over an effort to pipe more Canadian crude to the U.S. The decision had been expected after President Biden used his first day in […]

June 10, 2021 Read More →

FERC policy update likely to make new pipeline projects more difficult

S&P Global ($): The Federal Energy Regulatory Commission’s effort to update its permitting policy for natural gas infrastructure could result in a process that makes it more difficult to build pipelines, requiring developers to go further to show their projects will be needed and will not cause excessive impacts to people and the climate, according […]

May 13, 2021 Read More →

Developers begin work on 500MW, $2.2 billion wind farm off the French coast

Renewables Now: The developers of the 500-MW Fecamp offshore wind project today announced the launch of the construction process, having closed financing deals between them and the financial partners. EDF Renewables and Canada-based Enbridge Inc each hold 35% stakes in the project, while the offshore wind unit of Wpd has the remaining 30% interest. They […]

June 2, 2020 Read More →

Cancellation of Constitution pipeline a troubling sign for other projects, analysts say

S&P Global Market Intelligence ($): The cancellation of a proposed natural gas pipeline into New York may be a sign of challenges ahead for other projects, both at the grassroots level and in Washington, D.C., according to energy analysts. Anti-fossil-fuel activists have grown more successful in recent years, but Williams Cos. Inc.’s move to scrap […]

February 26, 2020 Read More →

Foreign investors selling their stakes in Canada’s oil industry

Bloomberg: Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years. Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and a cross-border pipeline in a […]

August 22, 2019 Read More →

Disputed Enbridge Line 3 Pipeline Heads to Minnesota Regulators for Decision

Associated Press: Minnesota regulators should approve Enbridge Energy’s proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than company’s preferred route, an administrative law judge recommended Monday. The proposal has drawn strong opposition because Enbridge’s preferred route would carry Canadian tar sands crude from Alberta across […]

April 25, 2018 Read More →

Pipelines Say They See Benefits in Expanding Existing Assets

Some of North America’s biggest new pipeline projects are already in the ground. As environmentalists and local activists make it extraordinarily difficult to build new oil and gas lines, energy companies are working around the opposition by supersizing old pipes that already crisscross parts of the continent. Executives at some of the biggest pipeline operators […]

January 18, 2018 Read More →