October 2017 Page 15 of 16 - The American Energy News

ENGO argument against Energy East pipeline ‘egregious’ and without merit – op-ed

ENGOs should demand that Trudeau government clarify if carbon pricing is Canada’s primary carbon policy mechanism By Dennis McConaghy, former TransCanada VP The Trudeau government’s support for the NEB’s re-scoping the Energy East crude oil pipeline project hearing justifiably generated wide spread condemnation and dismay across the Canadian political spectrum, from the Notley government to […]

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$1.4 billion financing closes for Fort McMurray to Edmonton power transmission line

Canada

Project consists of 500 kms of transmission line from Wabamun (west of Edmonton) to Fort McMurray ATCO says it has closed the $1.4 billion financing for construction of the Fort McMurray West 500-kilovolt (kV) Transmission Project, which will be completed in 2019. “We are very proud that we have developed a project which supports the continued

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Perry’s proposed grid resiliency rule scrambles energy alliances

News

Grid resiliency rule pits coal and nuclear against renewables and gas By John Kemp LONDON, Oct 3 (Reuters) – U.S. Energy Secretary Rick Perry’s attempt to save the coal and nuclear industries by proposing a new grid resiliency rule is making for some odd bedfellows across the energy sector. The proposed grid resiliency rule threatens

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Tesla misses Model 3 delivery target due to ‘production bottlenecks’

News

Tesla says it expects the supply chain issues to be resolved in the “near-term” Tesla Motors announced Monday that it produced only 260 Model 3 electric vehicles in the third quarter, far short of the 1,500 forecast and just the latest of the company’s missed production forecasts. The company delivered 26,150 vehicles during Q3: 14,065 Model

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Should Canada ban gasoline-powered vehicles?

Markham on Energy

Little to be gained by imitating other nations, but costs to taxpayers could be substantial The list is growing of governments thinking about banning gasoline-powered vehicles: China, California, France, Germany, Norway, India. Most say they’re shooting for a ban by 2040, some as early as 2030. Should Canada follow suit? This my sound like a

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Column: Hedge funds amass record bullish position in distillates

News

Hedge funds held record net long position in US heating oil futures on Sept. 26 By John Kemp LONDON, Oct 2 (Reuters) – Hedge funds have accumulated a record bullish position in middle distillates such as diesel, heating oil and gasoil, anticipating stocks will be relatively tight this winter. Hedge funds and other money managers

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Column: Oil drillers, not EIA, are responsible for WTI weakness

News

Harold Hamm says EIA far too optimistic in US production forecasts By John Kemp LONDON, Oct 2 (Reuters) – The US Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for US production, according to Harold Hamm, the chief executive of Continental Resources. Hamm, who also chairs the

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Ford, GM ramp up EV development plans

Innovation

Ford EV development under “Team Edison” Two major American automakers are speeding up development of electric vehicles. Ford and GM both released ambitious plans to build EVs after a number of governments announced they would restrict the sale of fossil fuel-powered vehicles in the coming years. Ford Motor Co has formed “Team Edison” and has

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Pembina Pipeline, Veresen merge becoming one of largest Canadian energy infrastructure firms

Energy Financial

All regulatory conditions have been satisfied prior to closing Pembina Pipeline Corporation announced a business combination with Veresen Inc. to create one of the largest energy infrastructure companies in Canada, according to a press release. “With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to

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Oil prices down on supply increase concerns

Energy Financial

Oil prices down over $1/barrel US oil prices fell over $1/barrel on Monday on increased US drilling and higher OPEC output after a rally that helped boost prices to their highest third-quarter gain in 13 years. Benchmark Brent crude fell 74 cents to $56.05/barrel by 12:43 p.m. EDT and US WTI was down $1.19 to

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