Jon Johnson – An American Dispute Resolution Proposal Arrives With A Softwood Ruling
From: Jon Johnson To: US Trade Representative Robert Lighthizer Date: August 31, 2020 Re: An American Dispute Resolution Proposal Arrives with a Softwood Ruling On August 24, a WTO panel released its decision in United States – Countervailing Measures on Softwood Lumber from Canada, rejecting US Department of Commerce arguments that benchmark prices for softwood […] Neil Alexander – Moving From Roadmap To Roll-out For Small Modular Nuclear Reactors
From: Neil Alexander To: Natural Resources Minister Seamus O’Regan Date: August 27, 2020 Re: Moving From Roadmap to Roll-out for Small Modular Nuclear Reactors In November 2018, Natural Resources Canada published a “roadmap” for small modular reactors (SMRs). It highlighted benefits through job creation, export sales, greenhouse gas avoidance, and affordable and reliable energy for rural and […] Investir Notre épargne En Accord Avec L’urgence Climatique – La Presse Opinion
Nos choix de placements peuvent accélérer les changements exigés par l’urgence climatique. Heureusement, les institutions financières développent des produits plus amicaux pour la planète. La finance durable s’impose comme nouvelle norme.
Les entreprises qui composent les grands indices boursiers génèrent des gaz à effet de serre (GES) cadrant avec un réchauffement climatique de 3,5 à 5 degrés. L’indice du marché canadien TSX60, où le secteur pétrolier est fortement représenté, correspond à un scénario de 4,6 degrés, estime Mirova, filiale de la banque d’investissement Natixis.
Que faire alors ? Le réflexe de larguer les actions des pétrolières réussit davantage à nous donner bonne conscience qu’à réduire les GES.…
Glen Hodgson – The Goalposts Keep Shifting For The Canadian Energy Sector
From: Glen Hodgson To: Canadian Energy Watchers Date: July 21, 2020 Re: The Goalposts Keep Shifting for the Canadian Energy Sector Canada’s energy sector has been hit by an array of factors, global and domestic, that are constraining its capacity to operate and expand. The sector is being squeezed by uncertainty on many fronts – […] Grant Bishop – Three Requirements For Canada’s Petroleum Industry
From: Grant Bishop To: Jonathan Wilkinson, Minister of Environment and Climate Change Canada Date: June 26, 2020 Re: Three requirements for Canada’s petroleum industry May was a bad month for Canada’s beleaguered oil producers. First, the Norges Bank, which manages Norway’s sovereign wealth fund, announced its divestment from four oilsands producers, citing their “unacceptable greenhouse gas emissions.” Then, presumptive […] Without The Clarity They Need, Alberta’s Oil Sands Producers Are Being Set Up To Fail – Globe And Mail Op-ed
May was a bad month for Canada’s beleaguered oil producers. First, the Norges Bank, which manages Norway’s sovereign wealth fund, announced its divestment from four oil sands producers, citing their “unacceptable greenhouse gas emissions.” Then, presumptive Democrat nominee Joe Biden announced that, if elected U.S. president, he would cancel the permits for the Keystone XL pipeline. And there was the little matter of an unprecedented plunge in global oil demand thanks to the COVID-19 pandemic.
The Norges Bank’s decision is predicated on a misrepresentation of carbon pricing in Canada. Mr. Biden’s announcement represents a diplomatic failure, and a potentially fatal setback for a vital project. But those two developments…
Bishop, Dachis – Ontario Industrial Power Prices Are Set To Spike: A Four-part Reform
From: Grant Bishop and Benjamin Dachis To: Greg Rickford, Ontario Minister of Energy, Northern Development and Mines Date: May 5, 2020 Re: Ontario industrial power prices are set to spike: A four-part reform Ontario electricity rates for many businesses will surge just as power demand plunges. This perverse result occurs because reduced load must fund fixed costs for […] Bishop, Shaffer – As Electricity Demand Sinks, Ontario Power Costs Rise 24 Percent With More To Come
From: Grant Bishop and Blake Shaffer To: Greg Rickford, Ontario Minister of Energy, Northern Development and Mines Date: April 21, 2020 Re: As electricity demand sinks, Ontario power costs rise 24 percent with more to come Many Ontario businesses can expect a surge in their power bills even with the pandemic driven fall in demand […] Brian Livingston – Shut And Swap Can Be A Lifeboat For Canada’s Oil Producers
To: Federal and provincial governments From: Brian Livingston Date: April 15, 2020 Re: Shut and Swap can be a lifeboat for Canada’s oil producers The federal government has pledged specific support for Canada’s beleaguered oil producers but has yet to deliver. Ottawa and provincial governments – particularly Alberta – will need to collaborate on the design of support. This […] For Canada’s Devastated Oil Industry, A Price Floor Would Be A Bridge To Nowhere – Globe And Mail Op-ed
The plunge in global oil demand from COVID-19 shutdowns worldwide represents an existential challenge for Canada’s petroleum producers. Oil prices have cratered as the cartel machinations of the Organization of Petroleum Exporting Countries (OPEC) unravelled in the face of the pandemic. Current forecasts expect that global oil demand will plummet 30 per cent or more from the pre-pandemic levels of roughly 100 million barrels per day.
On Thursday, OPEC members and Russia (OPEC plus) agreed to cut 10 million barrels from daily production but also called on the U.S. and Canada to cut an additional five million barrels’ worth of production per day. After Friday’s meeting of G20 energy ministers, the G20 pledged to do “whatever it…
Glen Hodgson – The Other Canadian Threat: The Oil Sector Price Shock
From: Glen Hodgson To: Canadians concerned about COVID Date: March 24, 2020 Re: The Other Canadian Threat: The Oil Sector Price Shock Canada’s leaders and policy thinkers are rightly focused today on COVID-19, and its health and economic impacts. A recession in the first part of 2020, which could be very deep, is a realistic expectation as […] Jim Feehan – The Muskrat Falls Electricity Project: A Hard Lesson
From: Jim Feehan To: Electricity Policy Analysts, ratepayers and politicians Date: February 25, 2020 Subject: The Muskrat Falls Electricity Project: A Hard Lesson Arm’s length independent assessments of megaprojects are crucial for government decision-making. Governments that give them little weight risk imposing enormous burdens on the public, especially when projects are publicly funded. Muskrat Falls […]