Wednesday, December 25

Energy

CAPP’s Position- Analysis and Opinion
Energy, Opinion/Research, Uncategorized

CAPP’s Position- Analysis and Opinion

Originally posted on 12 February 2018 On Wednesday 7 February, Tim McMillan, president of the Canadian Association of Petroleum Producers (CAPP) spoke to the Edmonton Chamber of Commerce. The CAPP head spoke optimistically about  growing demand for oil and natural gas, based largely on International Energy Agency forecasts. It was a "terrific outlook" with Canada being perceived as a "supplier of choice."  But dangers lie ahead, according to the CAPP head. From: The Globe and Mail, Wednesday 7 February 2018 A grainy audio of his talk (with some audience comments) and question and answer is available here. (more…)
Crazy Time Out West
Energy

Crazy Time Out West

Originally posted 10 February 2018 Updated 20 March 2018 Legislature debate Not much has happened.  More Mayes Edmonton Journal cartoons. Notley lines up her advisory panels including key ministers and deputy ministers. Horgan not saying much. Wine war proceeds to a tribunal Now a truce- court reference for wine New measures to tax out-of-province property aim at wealthy oilpatchers? (more…)
Economy vs. Environment
Energy, Environment, Financial Institutions

Economy vs. Environment

Originally posted 18 December 2017 Several articles, studies, and announcements over the past weeks suggest that the "international movement" seeking to "manage" the risks of global warming are gaining ascendance. More recently, the World Bank president, Jim Yong Kim,  announced his institution was re-assessing the risks of fossil-fuel developments. Highlights: World Bank move China's Three Gorges floating solar panels Alberta renewable auction Moody's analysis Analysis/Opinion (more…)
TransCanada Energy East- as a shareholder it’s a no-brainer-Opinion
Energy, Opinion/Research

TransCanada Energy East- as a shareholder it’s a no-brainer-Opinion

Originally posted 9 October 2017 On Thursday 5 October TransCanada Corporation announced that it was no longer going to spend any more shareholders' money to seek approval to build a pipeline to the Atlantic coast. While much nasty recrimination will unfold for a few more weeks (the bad Liberals for supporting Bombardier which is paid for by our equalization payments, etc, etc), this remains a carefully thought out corporate decision. (more…)
Now it really gets interesting
Energy

Now it really gets interesting

Originally posted 31 May 2017 The electoral outcome of the British Columbia election was settled last week. This week it appears that a "coalition" agreement between the B.C. Greens and the New Democratic Party will serve to defeat Christy Clark's government. (more…)
The Donald makes good
Energy

The Donald makes good

Originally posted 25 January 2017 The day before Robbie Burns Day was an especially propitious day for executives at TransCanada Corporation.  Two working days into office and the new U.S.  President has "delivered"  on the promise to revive the Keystone XL pipeline from Hardisty Alberta to Steele City on the border of Nebraska and Kansas. The decision is subject to terms being negotiated with the proponents, presumably to achieve some return to the U.S. Treasury and to U.S. construction and factory workers.  Several commentators have noted this negotiation may be similar to the "shake-down" orchestrated by Premier Christy Clark with the Trudeau government's approval of the Kinder-Morgan TransMountain pipeline.  (more…)
The Matter of "free, prior and informed consent"
Energy, Environment

The Matter of "free, prior and informed consent"

Shawn McCarthy's column of 16 September  discussed the question of what "consent" means to First Nations' communities through which proposed pipelines run through. In Alberta, the New Democrat government agreed to be bound by the United Nations Declaration on the Rights of Indigenous Peoples. The federal government also  agreed to be so bound after taking office from the Conservative government last October. The federal government has not yet officially agreed to the Declaration. (more…)
Electricity De-Regulation and the "Enron clause"
Energy

Electricity De-Regulation and the "Enron clause"

Originally posted 16 August 2016 The de-regulation of electricity markets was a cornerstone policy of the Klein years. Recently the government has commenced legal proceedings to roll back a clause in the Power Purchase Agreements (PPAs) known as the “Enron clause.” (more…)
Energy
Energy

Energy

The de-regulation of electricity markets was a cornerstone policy of the Klein years. Recently the government has commenced legal proceedings to roll back a clause in the Power Purchase Agreements (PPAs) known as the “Enron clause.” It is perhaps under-stating the case that electricity de-regulation in Alberta is “complex”. Historically, electricity rates for both retail and commercial customers were set by the Alberta Utilities Board who determined what rate of return the electricity provider would receive. Underlying regulation was a concept that electricity was central to the well-being of citizens and business enterprises and a stable market supplying electricity was in the public interest. This attitude shifted during the 1980s with the Thatcher reforms in Britain’s electricity and...