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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 […]
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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 […]
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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% […]
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NPR: As part of his ambitious plan to address climate change, President Biden is revoking a key cross-border presidential permit needed to finish the controversial Keystone XL pipeline This likely means the end of the $8 billion pipeline, a years-long project that would have carried oil sands crude from Alberta, Canada, to the American Gulf […]
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Reuters: Methane leaking out of the more than 4 million abandoned oil and gas wells in the United States and Canada is a far greater contributor to climate change than government estimates suggest, researchers from McGill University said on Wednesday. Canada has underestimated methane emissions from its abandoned wells by as much as 150%, while […]
IEEFA
CBC: TransAlta will end operations at Highvale thermal coal mine by the end of 2021 as it switches to natural gas at all of its coal-fired plants in Canada. The announcement brings with it hundreds of job losses and comes four years earlier than TransAlta originally planned. The percentage of power in Alberta generated from […]
IEEFA
Saur Energy: TransAlta Renewables has announced that its 10 MW WindCharger battery storage project began commercial operation on October 15, 2020. WindCharger is Alberta’s first utility-scale, lithium-ion energy storage project and utilizes Tesla Megapack technology. It has a nameplate capacity of 10 MW and total storage capacity of 20 MWh. This technology can be fully […]
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 […]