Canada

Global clean energy market big opportunity for Canadian businesses – report

Global clean energy market big opportunity for Canadian businesses – report

Canada is not competitive in commercializing research into market-ready technologies Canada has a competitive edge in a few key climate-friendly technologies including wind and solar power, energy efficient turbines, and waste management, according to a new Conference Board of Canada report. “Despite U.S. President Trump rolling back climate-friendly policies, the world is moving toward a cleaner, […]

Statoil, Husky drill dry wells off Newfoundland coast

Statoil, Husky drill dry wells off Newfoundland coast

Statoil, Husky drilled two dry wells in Flemish Pass basin Husky Energy and Norway’s Statoil hit dry wells in a prospect they had high hopes for located off the coast of Newfoundland, according to Statoil on Monday. The companies struck out when the two wells in the Flemish Pass geological basin turned out to be […]

Syncrude achieves Aboriginal employment milestone

Syncrude achieves Aboriginal employment milestone

16.4 per cent new Syncrude in 2016 were Aboriginal Even before she started working at Syncrude, Lori Cyprien appreciated the organization’s commitment to Aboriginal employment. “I received scholarships from Syncrude as a student, which made things a lot easier for me in pursuing my education,” says Lori, who holds a master’s degree from Royal Roads […]

Desjardins suspends financing for Canadian pipelines under pressure from Greenpeace, indigenous activists

Desjardins suspends financing for Canadian pipelines under pressure from Greenpeace, indigenous activists

Greenpeace promises Standing Rock-style opposition if Kinder Morgan begins Trans Mountain Expansion construction in Sept. The largest network of credit unions in North America, Quebec-based Desjardins Group, is temporarily suspending lending for pipelines and will decide in Sept. if the decision is permanent. Desjardins is a lender to Kinder Morgan’s controversial Trans Mountain Expansion pipeline from Alberta […]

Alberta oil & gas sector asks Alberta, Canada to trim regulations, compliance costs – CAPP study

Alberta oil & gas sector asks Alberta, Canada to trim regulations, compliance costs – CAPP study

Capital spending in Canada forecast $44 billion in 2017, 46% decrease from 2014 The provincial government and the energy industry could create more than 24,000 new jobs for Albertans and grow the province’s economy by nearly $5 billion, according to a new report from the Canadian Association of Petroleum Producers (CAPP). Industry continues to face […]

Some Canadian provinces already meet their 2030 GHG emissions targets

Some Canadian provinces already meet their 2030 GHG emissions targets

Alberta, Ontario experienced largest changes in GHG emissions between 2005 and 2015 Under the Paris Agreement, Canada committed to reducing its GHG emissions to 30 per cent below 2005 levels by 2030, or a target of 523 megatonnes of carbon dioxide equivalent, according to a National Energy Board press release. In 2015, Canada’s total GHG emissions were 722 Mt […]

Pembina Pipeline puts $2.8 billion of Alberta assets into service

Pembina Pipeline puts $2.8 billion of Alberta assets into service

Redwater complex has fractionation capacity of 210,000 bpd, largest in Canada Pembina Pipeline Corporation announced it has placed $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion and two connected major delivery points, according to a press release. “At the outset of these projects, we committed to constructing large-scale, multiyear-build assets on […]

Canadian mines could prove critical to clean energy transition

Canadian mines could prove critical to clean energy transition

Copper demand could reach 31 million tonnes by 2035, a 43% increase Canadian mines could help power the transition to clean energy, sparking new economic development in the process, according to a new report from Clean Energy Canada finds. Growth in clean energy is driving significant demand for the metals and mineral products used to […]

Canada’s electricity exports reach record levels in 2016, but revenue declines

Canada’s electricity exports reach record levels in 2016, but revenue declines

B.C. accounted for 89% of Canada’s electricity imports in 2016 Canadian electricity export volumes increased 7 per cent  to reach a record-high 73 terawatt-hours (TW.h) in 2016, according to the National Energy Board. Quebec remained Canada’s largest electricity exporter, followed by Ontario, British Columbia, and Manitoba, respectively. In 2016, these four provinces accounted for 95 per cent […]

ING bank will not finance Canadian pipeline projects

ING bank will not finance Canadian pipeline projects

ING Bank pressured by activists Under pressure from activists, Dutch lender ING Groep NV says it will not finance any major Canadian pipeline projects, including Keystone XL, Energy East and Enbridge’s Line 3. Earlier this month, ING publicly disavowed Kinder Morgan Canada Ltd’s Trans Mountain Pipeline expansion project, but did not name any other pending […]