Trans Mountain pipeline ushers in new economic era for Fort McMurray

As the urban centre at the heart of Canada’s oilsands industry, Fort McMurray has seen more than its share of ups and downs. A decade and a half ago, the northern Alberta community was this country’s most famous boom town. High oil prices helped to drive unprecedented demand for the thick, viscous bitumen that lies … Read more

Feds give financial boost to biofuel sector amid growing U.S. competition

Canada’s biofuel industry is welcoming a proposed multi-billion dollar package of financial support from the federal government, although concerns remain about whether it will be enough to compete with lucrative subsidies south of the border and reverse the growing dependence on U.S. imports to meet clean fuel regulations. The federal government is committing $1.27 billion toward … Read more

COP29 won’t stop us investing in ‘god-given’ gas – POLITICO

“As a head of the country, which is rich with fossil fuels, of course, we will defend the right of these countries to continue investments and to continue production,” he said. “Petrostates are perfecting a sinister COP playbook,” said Patrick Galey, a fossil fuel investigator with Global Witness. “Just like the UAE, Azerbaijan is planning … Read more

No water, no oil: How the parched western provinces could hamper the oilpatch

Persistent and severe drought conditions across Western Canada could have a devastating effect on the oil and natural gas sector, which has drilling operations in some of the driest areas, according to a new report by Deloitte. Limited water supply could have significant effects on the production of oil and gas, the report warns, and … Read more

Furey asks Trudeau to halt carbon tax increase, citing few options for consumers in N.L.

Premier Andrew Furey said the carbon tax doesn’t incentivize people to switch to renewable energy because the infrastructure to make that shift possible isn’t yet established in Newfoundland and Labrador. (Ted Dillon/CBC) Premier Andrew Furey shared an open letter Tuesday addressed to the prime minister, asking him to pause an upcoming increase to the carbon tax … Read more

Wind blows light out of coal in Germany

Germany said wind power outpaced coal-fired generation last year, underscoring the country’s accelerating transition away from fossil fuels.Wind accounted for 31% of electricity production, becoming the biggest source of supply, Federal Statistical Office data showed Thursday. That followed a push by the government to remove permitting barriers, getting projects online faster.Clean energy sources made up … Read more

The Climate Conversations Podcast: Can Singapore’s clean energy transition include nuclear and geothermal sources?

During his Budget 2024 speech, Finance Minister and Deputy Prime Minister Lawrence Wong announced a S$5 billion Future Energy Fund as part of Singapore’s transition to clean energy. Geothermal and nuclear energy sources are currently being studied as part of the country’s power portfolio. GE Vernova’s Asia Decarbonization Leader Kazunari Fukui is our guest this … Read more

Oil and gas companies lash out at Labour’s new windfall tax plans – POLITICO

A Labour spokesperson said Friday evening that the party’s plans would “create good jobs in all parts of the country” and that the opposition represented the “party of business and stability for their investments” “We have been consistent that a proper windfall tax means raising the rate of the windfall tax to match the rate … Read more