$2.1B in salaries and wages were generated as the result of oil and gas spending in 2017
By Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre A headline screamed “The end of the Oil Age” in the Economist in 2003. Fast forward 18 years and that still doesn’t make sense in many ways. The demand for oil is increasing across the globe. Even U.S. President Joe Biden is asking the Organization of…
The Wet’suwet’en are trying to preserve our planet in the face of the oil industry trying to amass profit
A major issue is getting surprisingly little coverage in the Canadian media. While we looked away to watch the impact of the climate crisis on farmland in southern British Columbia, 50 heavily armed RCMP constables raided a peaceful blockade in Wet’suwet’en territory in the north of the province. The police used helicopters and canine units…
U.S. "commitment" to tackle climate change crumbles in the face of climate poverty
With the possibility of co-ordinated moves by major crude-oil consuming nations, the markets took a hit last week. On Friday, oil prices were down four to six per cent. Strong demand growth and a tight leash on global supplies have driven the oil markets in recent months. New COVID-19 lockdowns in parts of the world…
The world is learning the hard way that the global economy still relies on fossil fuels
With the UN-sponsored Climate Change Conference (COP26) climate talks in Glasgow over, it is important to review some of the agreements and implications that have resulted from this process and assess the impact on Canada’s energy resources sector. Putting the rhetoric in context One can take seriously the undeniable threat posed by climate change while…
Energy sector created more than 20,000 jobs and nearly $7 billion in GDP in 2017 alone
By Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre Next year will mark 30 years of offshore oil and natural gas production in Atlantic Canada. In that time, Atlantic Canada has been the primary source of human capital for the oil and gas industry in other parts of Canada, while being a significant recipient of…
Most likely course of action is a release of oil from emergency reserves
U.S. President Joe Biden must act – and act quickly – to rein in the crude oil markets. Pressure is coming from all sides, including from his Democratic Party. Last week, 11 Democratic senators, including several known for their concerns on climate change, urged Biden in a letter to act quickly. “As the United States…
Nuclear fusion could generate millions of jobs globally
Nuclear fusion has been a science-fiction fantasy for a long time, the holy grail of energy production. But it’s rapidly moving closer to reality. The process involves combining multiple atomic nuclei to generate energy, just as the sun does. That’s the opposite of nuclear fission, in which atoms are split. Canadian and British innovators are…
Engineers, geothermal company partnering to produce clean energy using captured carbon
Developing an ultra-clean source of energy by using carbon dioxide (CO2) instead of water to pump geothermal heat up from deep below the Earth’s surface is one of a list of possibilities behind a new partnership between a team of University of Alberta carbon sequestration engineers and a burgeoning geothermal startup. Alberta No. 1, Alberta’s…
It is defying oil-consuming nations to increase output, for now
A tug of war has erupted on the world oil market. Despite growing pressure from major crude-oil consuming nations, the Organization of Petroleum Exporting Countries and its allies in the expanded OPEC+ announced they would stick to their original plan by increasing output by only 400,000 barrels per day (bpd). OPEC+ members seemed to be…
Natural gas in Europe rising to five times what it was in early 2021
By Mark Milke and Ven Venkatachalam Canadian Energy Centre With the recent rise in the price of natural gas in Europe to five times where it was in early 2021, expect to see many more Europeans and those in the United Kingdom plunged into what’s known as energy poverty. From Greece to Great Britain, the…
Is Biden getting ready to cave in to Iran to help rein in oil prices?
Diplomatic pressure is mounting as the Organization of Petroleum Exporting Countries and allies in OPEC+ prepare to decide their next crude oil output move. Global leaders are assembling in Glasgow for the COP26 climate summit this week with considerable unease over increasing gasoline prices. The leaders seem intent on discussing ways to rein in the…
There is a real opportunity to reduce GHG emissions through decarbonization
COP26 in Glasgow is likely to call for even more ambitious GHG emission reduction targets than the ones that have been consistently missed by virtually all countries. Canada’s existing target of reaching net-zero emissions by 2050 is daunting enough as is. Strangely, much of the focus of carbon policy has been on reducing the amount…
Time away from home contributes to low morale and difficulty maintaining healthy habits
The mental health of contract workers who fly in and out of Alberta’s oil sands compares poorly with that of the general population, according to a new report co-written by University of Alberta sociologist Sara Dorow. In one of the first studies in Canada to examine mental health and well-being in the fly-in, fly-out (FIFO)…
Quebec turning itself into an object of international ridicule
Just as the world is suffering through a natural gas shortage and prices are soaring, Quebec is thumbing its nose at the chance to become a leader when it comes to locally produced energy. Against all economic and even environmental logic, the Quebec government recently decided to definitively ban fossil fuel exploration and development in…
The push and pull of conflicting factions may be providing some relief to consumers
Last week ended on a calmer note for crude oil markets and major oil-producing countries. Crude oil prices fell slightly as the week ended, finally hovering a little below the recent highs. Forecasts of a warm U.S. winter put some brakes on the price rally that carried the crude markets beyond $86 a barrel early…
According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves
By Mark Milke and Lennie Kaplan Canadian Energy Centre In 2009, the eastern European country of Ukraine endured a twin lesson in geopolitics and energy security: Russia cut off its natural gas supply in mid-winter. Russia’s public reason was that it was engaged in a pricing dispute with Ukraine. In reality, it was an attempt…
Movement to reduce global emissions toward net-zero is still too slow
With the United Nations climate summit in Glasgow scheduled to open on Oct. 31, global powerhouses are coming up with their annual energy outlooks earlier than the customary November. With climate issues coming to the forefront at the COP26 summit, most of these reports and analyses are meant to help world leaders make decisions. But…
If aspirations and reality collide, always bet on reality
If you’ve been following international news lately, you’ll have noticed a new development. Europe and Asia are suddenly worried about energy. With winter coming, costs are soaring and there’s even concern about shortages that might trigger industrial shutdowns and endanger people’s ability to heat their homes. From an object of loathing and scorn, fossil fuels…
Decision to open the taps and let the markets surge comes just before UN Climate Change Conference
Rapid moves with long-term ramifications are being made on the global energy chessboard. Early last week, the Organization of Petroleum Exporting Countries and its allies in OPEC+ opted to stick to their original plan and gradually open the crude oil taps. After their Oct. 4 ministerial meeting, OPEC+ said it had “reconfirmed the production adjustment…
Its policies on renewable energy mean that dependence will only deepen
By Mark Milke and Lennie Kaplan Canadian Energy Centre One of the more bizarre developments in Europe in recent years has been the twin policy path in which fossil fuels are discouraged in favour of wind and solar energy, but deals are struck with autocracies such as Russia to import more fossil fuel via pipelines.…
More of the same
What does another Trudeau win mean for Western Canadians? After all, the actual composition of the House of Commons changed little, and once again, the Liberals will need the support of either the NDP or the Bloc Quebecois to pass legislation. So, for the most part, we can expect a continuation of some programs, including…
We're deluded if we believe that the consequences will only be borne by workers in the oil and gas sector
Shortly before the election was called, the federal government launched an engagement process to determine how Canadians want to implement a 'Just Transition' to a net-zero carbon economy. To the government, this means developing supports for the oil and gas workers whose livelihoods are being impacted by domestic climate policies. A 'Just Transition Advisory Body'…
A global energy crunch could help propel prices above US$100 a barrel
All eyes are focused on the Organization of Petroleum Exporting Countries and its allies in OPEC+ as they meet today. With crude oil prices touching US$80 a barrel and prospects of hitting US$100 this winter looming large, markets are on edge. The market trajectory is virtually impossible to delineate. A global energy crunch could help…
Underpinning it all, like the safety net to a secure supply, will be fossil fuels
The kingdom of Queen Elizabeth I was humming along quite nicely when, around the mid-1500s, Her Majesty caught wind of an environmental crisis in the offing. The forests were disappearing. Wood was the first energy source and had been so for millenniums. But kilns of industry and hearths of homes had been eating up the…
The bull run is on
Is Brent crude oil heading toward US$80 a barrel? If the market signals and the pundits are to be trusted, the bull run is on. Oil prices headed to a third straight week of gains on Friday. Brent futures rose 84 cents, or 1.1 per cent, to settle at US$78.09 a barrel, while U.S. West…
Wind and solar farms replacing the 84% of global energy from fossil fuels is technically impossible
In a previous column I pointed out that since switching coal-fuelled power plants to natural gas cuts CO2 emissions in half, exporting liquefied natural gas (LNG) to displace coal benefits our economy and reduces global emissions. And that since converting gasoline and diesel-fuelled vehicles and ships to natural gas cuts emissions by 25 per cent,…
Rationality can prevail, clean, abundant natural gas can be used for decades, energy ‘transition’ or not
An estimated $55-billion liquefied natural gas (LNG) project to take natural gas from northeastern British Columbia to its northwest coast at Pearse Island recently received the blessing and financial and political backing of the Nisga’a First Nation. The First Nation is on the proposed pipeline route and is the site of planned liquefaction terminal. This…
Alberta program builds skills to take sustainable energy projects from concept to completion
A new certificate the University of Alberta started offering this fall will help fast-track workers into the province’s rapidly growing renewable energy sector. The Renewable Energy Technologies (RET) Certificate is the first of its kind in Alberta to offer learners the flexibility of online, part-time classes, without admission barriers. It can be completed in as little as…
The reality is, Canadians have a significant stake in the United States oil and gas industry
By Mark Milke and Lennie Kaplan Canadian Energy Centre One critical problem for political and business leaders is getting people to think outside their local box. While many people might prefer a local restaurant or coffee shop to a national chain, international trade is the very reason a Canadian restaurant can offer inexpensive vegetables in…
New materials could harness energy from cellphones or body heat, and improve solar power, geothermal
Extra heat is generated from any form of energy conversion – even with something as green as solar panels. But with up to 72 per cent of it left unused, there’s also great potential to harvest electricity from that waste. A University of Alberta researcher has successfully developed a way to figure out the chemistry…