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British Columbia, Canada
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Omar Mawji and Guest Contributor: Brad Williams
Economic windfall won’t materialize amid delays, policy changes and rising costs
November 24, 2021 (IEEFA) – Due to markets shifts, rising costs and policy changes, Phase I of the LNG Canada export terminal could be the last liquefied natural gas project built in British Columbia under current market dynamics, raising questions about LNG projects that are due to come on line, according to a report by […]
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
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
North of 60 Mining News: Alaska, Northern British Columbia, and the Yukon are home to a dozen advanced stage exploration and mine projects hosting billions of pounds of copper ready to deliver to a world demanding massive amounts of this conductive metal for the green energy and electric mobility transition envisioned over the next three […]
Press Release, Suzanne Mattei and Tom Sanzillo
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers
December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]
Press Release, Melissa Brown and Norman Waite
Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projects
October 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]
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
OilPrice.com: Warren Buffett’s Berkshire Hathaway has pulled out of a planned investment in the Saguenay LNG project in Quebec, Canada, suggesting that harder times are ahead for the country’s LNG ambitions. CBC reports the investment company had shelved its plan to put $3 billion (C$4 billion) into the $7.1-billion (C$9.5-billion) LNG project because of the […]
IEEFA
S&P Global Market Intelligence ($): The projected cost of Trans Mountain Corp.’s plan to almost triple the capacity of its aging oil pipeline network has surged to C$12.6 billion from a last estimate of C$7.4 billion because of court-ordered changes and numerous delays. The price tag for the 590,000-barrel-per-day expansion project has not been updated […]
IEEFA
Bloomberg: With two weeks until it releases quarterly earnings, Teck Resources Ltd. can’t seem to catch a break. The miner’s steelmaking-coal sales are threatened by heavy rain, snow and mudslides. Costs to build a new shipping terminal in British Columbia to get its goods to market are running over budget. And its base-metals business is […]
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customersDecember 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]