Indigenous ownership in Canadian oil and gas takes huge step

But Trudeau government's emissions cap threatens future prosperity

Indigenous ownership in Canadian oil and gas takes huge stepA massive milestone has been reached in the growing trend of Indigenous people taking ownership of Canadian oil and gas projects. Twenty-three First Nations and Métis communities in northern Alberta are investing $1.1 billion to become part owners of seven Enbridge oil sands pipelines. It’s described as the largest energy-related Indigenous partnership transaction in North…

Energy-rich Middle East countries smiling all the way to the bank

Putin's War has lifted the Gulf states out of an almost decade-long economic slump

Energy-rich Middle East countries smiling all the way to the bankI am in Abu Dhabi and the glitter is visible – all around. With the oil-based economies of the Gulf’s current high budgetary surpluses, the glitter will only shine brighter. New projects worth hundreds of billions of dollars are being showcased throughout the region, from Saudi Arabia to Qatar and from Abu Dhabi to Kuwait.…

Mark Ruffalo is wrong (again) about Coastal GasLink

'He does not think beyond the pipeline. He does not think beyond the cause of the day'

Mark Ruffalo is wrong (again) about Coastal GasLinkAmerican actor Mark Ruffalo took another uninformed swipe at the Coastal GasLink pipeline this week, claiming via Twitter that “the cleanest river in North America is about to be sacrificed to the oil and gas industry” because of project construction. Earlier this year, Ruffalo joined other celebrities to demand that RBC cease funding Coastal GasLink,…

Proposed emissions cap will hurt Indigenous economies

Tens of billions of dollars in wages, contracts and own source revenues are at risk

Proposed emissions cap will hurt Indigenous economiesOn July 18, the federal government announced a plan to reduce emissions from the oil and gas sector by 42 per cent in just eight years. To meet such targets, this policy would effectively stop all new projects in the oil and gas sector, as well as curtail existing ones. This would dramatically affect global…

How to deal with the high cost of housing and energy

Both sectors face inflationary pressures but are being dealt with very differently

How to deal with the high cost of housing and energyAs anyone who has ever spent time in the kitchen knows, when a pot is boiling over, you do not put a lid on it. You lower the heat. Adding a cover does nothing to reduce the cause of all the excess bubbles and steam. In fact, increasing the pressure within the vessel generates an…

Putin’s War threatens Germany’s competitive advantage

Limiting gas imports from Russia has thrust the country into its biggest energy crisis since the Second World War

Putin’s War threatens Germany’s competitive advantageGermany is stuck between a rock and a hard place. On the one hand is its decision to limit crude and gas imports from Russia. On the other, its industrial might is under threat. Berlin’s political decision to limit gas imports from Russia has thrust the country into its biggest energy crisis since the Second…

The push and pull of oil demand and supply

Producer and consumer nations targeting a price of around $90 a barrel

The push and pull of oil demand and supplyOil markets are being pushed and pulled – from both ends. As conflicting factors weigh on the markets, the future crude scenario remains hazy and muddy. The Organization of Petroleum Exporting Countries and their allies, including Russia in the extended OPEC+, appear determined not to let the crude market prices go considerably below their target…

Trudeau government discriminating against oil and gas

Singling out oil and gas doesn’t make sense

Trudeau government discriminating against oil and gasCanada’s strategy to single out greenhouse gas emissions from the oil and gas industry could make it harder to meet overall reduction targets, according to two leading energy analysts. Neither of Ottawa’s two proposed policies to cap and reduce oil and gas emissions would allow carbon market trading with other industries. That’s a problem, says…

Oil once again being used as a political tool

G7 agrees on devising a system that would only allow the sale of Russian oil at below-market prices

Oil once again being used as a political toolWell, they did it. During their virtual meeting last Friday, finance ministers from the G7 agreed on devising a system that would only allow the sale of Russian oil at below-market prices. “The price cap is specifically designed to reduce Russian revenues and Russia’s ability to fund its war of aggression whilst limiting the impact…

The coming energy crisis

How did things get so bad, so fast?

The coming energy crisisBy Stewart Muir and Margareta Dovgal It’s been obvious for months that a global energy crisis was coming. Then last Monday, just when we thought things couldn’t get any worse, the chief executive of Shell predicted that Europe is headed for a multi-winter energy crisis, with consequences that cascade around the world. The situation is…
1 2 3 65