You are here: Home » Geography » Alberta, Canada
Alberta, Canada
More News and Commentary
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 […]
IEEFA
Bloomberg: Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books. If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and natural gas will not qualify as proved reserves at year-end 2020,” the company […]
IEEFA
Reuters: Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for the project, which is opposed by environmental campaigners and some indigenous groups. All financial services companies are under pressure from environmental campaigners to cease doing business with the fossil fuel industry. A planned expansion […]
IEEFA
The Canadian Press: Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about $500 million and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic. When announced in December 2017, the cost of the plant northeast of Edmonton designed to […]
IEEFA
The Guardian: The controversial Keystone XL tar sands pipeline has been dealt a major setback, after a judge revoked a key permit issued by the U.S. Army Corps of Engineers without properly assessing the impact on endangered species. In a legal challenge brought by a coalition of environmental groups, a federal judge in Montana ordered […]
IEEFA
Calgary Herald: Construction of Canada’s largest solar farm in Alberta is poised to proceed with the infusion of $500 million from a Denmark-based investment group. The decision by the world’s large renewable energy fund, Copenhagen Infrastructure Partners, to bring global investors into the 1,900-hectare project on farmland near the village of Lomond in Vulcan County […]
Press Release and Tom Sanzillo
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 […]
IEEFA
Bloomberg: Teck Resources Ltd. is pulling its application for a controversial new oil-sands mine in Alberta, freeing Canadian Prime Minister Justin Trudeau from a political predicament. The company will write down the Frontier project’s $1.13 billion carrying value, it said in a statement late Sunday. Teck’s decision not to proceed with the mine frees Trudeau […]
IEEFA
S&P Global Market Intelligence ($): Canadian diversified miner Teck Resources Ltd. swung to a net loss of C$891 million in the fourth quarter of 2019 from a year-ago net profit of C$433 million due to C$999 million in write-downs primarily related to the Fort Hills oil sands operation in Alberta. Teck said Feb. 20 that […]
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 […]