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British Columbia, Canada
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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 and Melissa Brown
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 […]
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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 […]
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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$9.5-billion) LNG project because of the […]
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S&P Global Market Intelligence ($): 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 […]
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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 […]
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Vancouver Sun: Opponents of the Trans Mountain oil pipeline expansion projects want the Trudeau government to provide an updated construction-cost estimate. The estimated cost has already risen significantly, to $9.3 billion from $5.4 billion. The latest cost figure is from 2018, contained in documents filed by Houston, Texas-based Kinder Morgan with the U.S. Securities and […]
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Business in Vancouver: Clarity is key to unravelling complex energy industry issues in Canada. Too bad it’s in such short supply. That deficit is pushing the latest energy hot button in B.C.: the high price of gasoline in Metro Vancouver. As chronicled recently in Business in Vancouver (“How B.C. Could Deflate Its Gas Bubble”– issue […]
Press Release, Tom Sanzillo and Kathy Hipple
Transparent monitoring and reporting needed to understand true costs and liabilities
April 10, 2019 (IEEFA North America) – The controversial Trans Mountain Expansion Project is structured in a way that makes it difficult to determine how much Canadian taxpayers are paying now and will pay in the future, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The planned […]
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 […]