The future of nuclear power in Canada

The future of nuclear power in CanadaJohn Goman, CEO of the Canadian Nuclear Association, shares his perspective on the state of nuclear power Nuclear energy provided about 10 per cent of global power in 2021, according to new research from Canadian Energy Centre. And according to the International Atomic Energy Agency (IAEA), global nuclear power generation increased over the last 20…

Oil markets are as unpredictable as ever

Oil markets are as unpredictable as everWorld oil demand is significantly weaker than widely perceived Well, this is perplexing. Crude fundamentals are bearish. Only a couple of weeks ago, markets went haywire after OPEC announced an unanticipated additional output cut of 1.16 million bpd. Markets surged. There were talks of crude touching highs of US$100 a barrel, even though nothing much…

The future price of crude oil still uncertain

The future price of crude oil still uncertainInternational Energy Agency (IEA) is warning of higher oil prices in the second half of the year, but ... While conflicting projections are keeping crude markets on edge, prices continue to creep up. The International Energy Agency (IEA) is warning of higher oil prices in the second half of the year, with global oil demand…

OPEC+ decision to cut output sends a political message to Washington

OPEC+ decision to cut output sends a political message to WashingtonRiyadh is no longer willing to toe Washington’s line and its interests now reign supreme OPEC+’s announcement last week that it will curtail its output by an additional 1.6 million barrels per day (bpd) took the world by surprise. Few had expected it, with most of the view that the OPEC+ would roll over its…

Canadian communities can’t wait for the state to lead on climate action

Canadian communities can’t wait for the state to lead on climate actionWhat can concerned communities do when their governments aren’t stepping up? Climate change is here, whether we like it or not, and communities across the country need a plan for it. It’s not only the physical impacts of a warming world that we need to prepare for, such as more frequent floods and wildfires, but…

On climate and energy security, the U.S. is out to win

On climate and energy security, the U.S. is out to winThe U.S. is providing the blueprint. Canada can either play catch up and win, or risk being left behind By Lisa Baiton The evolution of the Biden administration’s view of energy security and America’s role in providing secure oil and gas to the world was recently made exceptionally clear – and should make Canadian policymakers…

Replenishing U.S. Strategic Petroleum Reserves could take years

Replenishing U.S. Strategic Petroleum Reserves could take yearsOil purchases deferred as offers received were either too expensive or didn’t meet the required specifications The U.S. is in no rush to refill its Strategic Petroleum Reserves (SPR), according to Biden administration officials. In fact, “it could take years for the United States to refill the Strategic Petroleum Reserve” to the level it was…

Oil sands producers not greenwashing net zero plans

Oil sands producers not greenwashing net zero plansGreenpeace complaint of greenwashing against Pathways Alliance’s CCS project ignores the facts Greenpeace has filed a complaint with the Competition Board of Canada claiming that the oil sands Pathways Alliance is “greenwashing” about its plan to reach net zero emissions by 2050. Oil sands producers are not greenwashing. Here are the facts. Fact: Carbon capture and…

University professors should just say no to oil and gas divestment

University professors should just say no to oil and gas divestmentThe end goal of divestment is supply shortages, higher prices, shuttered factories, job losses, and energy poverty Just as they did with university endowment funds, divestment activists are now pressuring university pension plans to abandon investment in oil and gas companies. That’s why InvestNow has called on 20,000 university professors to reject the divestment agenda.…

China–brokered deal between Iran and Saudi Arabia catches world by surprise

China–brokered deal between Iran and Saudi Arabia catches world by surpriseA new crude oil bloc seems to be taking shape, apparently at the cost to the U.S. and the West A new, global ‘crude’ order is coming, carrying geopolitical ramifications. On Mar. 10, a China-brokered deal between two oil-producing rivals in the Middle East, Iran and Saudi Arabia, was announced. The deal took the world…