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Alberta, Canada
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IEEFA
Reuters: Prime Minister Justin Trudeau’s narrow election victory this week reinforced Canada’s commitment to reach net-zero greenhouse gas emissions by 2050, but workers in the country’s sizable fossil fuel sector said they also expect him to keep his promises to retrain them for jobs in a clean-energy economy. Oil worker advocacy group Iron & Earth […]
Seth Feaster
Overseas demand, high prices and climate issues give Teck cover for met coal exit
Teck Resources, the Canada-based copper, zinc and coal mining company that is one of the biggest exporters of steelmaking coal in the world, is considering selling or spinning off its metallurgical coal operations, according to a Sept. 14 Bloomberg report. Any divestment of its big coal mines in British Columbia could be a signal that […]
IEEFA
Reuters: Japan’s Mitsubishi Corp and Shell Canada have signed a memorandum of understanding to produce low-carbon hydrogen to support Japan’s push for clean energy, the companies announced on Wednesday. Mitsubishi plans to build and start up the low-carbon hydrogen facility near Shell’s Scotford, Alberta, facility toward the latter half of this decade, the companies said […]
IEEFA
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 […]
IEEFA
Canada’s National Observer: Investment in carbon capture technology will hinder Canada’s transition away from fossil fuels and exacerbate the effects of climate change, says a new letter co-signed by hundreds of organizations. Over 500 environmental groups and other organizations from Canada and the U.S. put the piece together, which ran as a full-page ad in […]
IEEFA
S&P Global Market Intelligence ($): Amazon.com Inc. announced a new wave of contracts to buy electricity from 14 new renewable energy projects in the U.S., Canada, Finland and Spain in a bid to advance its goal to power 100% of the company’s activities with renewable energy by 2025, five years ahead of its original target […]
Suzanne Mattei and Tom Sanzillo
Demise of Keystone XL should spur regulators, investors to reconsider massive pipeline projects
As the Federal Energy Regulatory Commission (FERC) reviews the public comments it recently received on its proposal to reconsider how it determines whether a gas pipeline should be granted a certificate of public convenience and necessity, it would do well to consider the cautionary tale of a massive fossil fuel infrastructure project, the Keystone XL […]
IEEFA
Bloomberg ($): The Canadian government will no longer approve thermal-coal mining projects because of their contribution to the climate crisis. “New thermal coal mining projects or expansions are not in line with the ambition Canadians want to see on climate, or with Canada’s domestic and international climate commitments,” Environment Minister Jonathan Wilkinson said in a […]
IEEFA
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 […]
IEEFA
Reuters: Canada’s biggest oil-producing province Alberta is expected to see the fastest growth in renewable energy capacity between 2018 and 2023, the Canada Energy Regulator forecast in a Tuesday report, as new wind and solar projects help replace coal-fired electricity. By 2023, 26% of Alberta’s electricity capacity will come from renewable sources, up from 16% […]
Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal
February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]