Renewables overtake oil

[captain morgan]

In the article they are expecting big profits from the sale of excess energy to fund other green projects, once reality hits they will realize that they still need even more tax dollars to pay for everything

Expecting are they?

Wonder if the banks will loan in expectations and good intentions

 

[Twin_Moose]

U.S. Army Corps hands federal permits to Enbridge's Line 3 oil pipeline project​

(Reuters) - Canada's Enbridge Inc said on Monday it received federal permits for its Line 3 crude pipeline replacement project from the U.S. Army Corps of Engineers, moving closer to building the pipeline in the United States after years of delay.

Line 3, which ships crude from Canadian oil hub Alberta to U.S. Midwest refiners, currently carries less oil than was designed for because of age and corrosion. Replacing the line, built in the 1960s, would allow Calgary-based Enbridge to roughly double its capacity to 760,000 barrels per day.


Line 3 is among the three major Canadian export pipelines, along with government-owned Trans Mountain and TC Energy Corp's Keystone XL oil pipeline.

Final state permits and authorizations are still needed before Line 3 work can begin, Enbridge said, adding it hopes to start construction before the end of the year.

While the Canadian portion is complete, Enbridge has run into repeated obstacles in Minnesota, where reviews have lasted about five years.

Earlier this month, Minnesota regulators approved key permits for Line 3, including the contested 401 Water Quality Certification, and the Minnesota Department of Natural Resources released the final eight permits.

IA Securities analysts said the latest approvals continue to reinforce their assumption that the Line 3 replacement project will begin contributing financially to the company by the fourth quarter of 2021.

Enbridge still requires Minnesota Pollution Control Agency to issue a final construction stormwater permit and the Minnesota Public Utilities Commission to issue the authorization to construct before it can begin work.

A shortage of pipelines has hurt prices for Canadian crude oil and pushed it to trade at deep discounts compared to benchmark futures in recent years. However, steep production cuts during the COVID-19 pandemic helped free up some space this year.

Article is a little behind the times the construction is going on right now from what I hear

 

[Twin_Moose]

Fossil fuels to decline but remain big player in Canada's energy use by 2050: report​

Article goes on to say that O&G will still be used at 2/3's of today's usage but a better way to mask, bury and absorb the carbon has to be found to hit the targets

 

[taxslave]

Fossil fuels to decline but remain big player in Canada's energy use by 2050: report​

Article goes on to say that O&G will still be used at 2/3's of today's usage but a better way to mask, bury and absorb the carbon has to be found to hit the targets

Not seeing any reason to hit unattainable targets set by clueless morons with a mission to end fossil fuels. I have also noticed an increase in oil spitters shilling for nukes. Which I think explains the whole anti fossil fuel thing. They have a vested interest in nuke power.

 

[Twin_Moose]

A really good article showing how Dumb Trudie's policies about climate change really are

Gwyn Morgan: The made-in-Canada carbon solution we refuse to promote​

My Oct. 27 column explained why attempting to replace fossil-fuelled electricity generation with wind and solar energy is “technically impossible and economically disastrous.” But what can Canada do to reduce global C02 emissions while also creating substantial economic benefits?

The answer: export Liquefied Natural Gas (LNG) to replace coal-fuelled electricity generation, thus cutting coal plant emissions in half while creating tens of thousands of jobs and hundreds of billions of dollars in economic benefits.


The impact of replacing coal with natural gas is clearly illustrated south of the border, where it has helped drive down U.S. emissions by 14 per cent since 2005. Switching from coal to natural gas has also been a key driver of the European Union’s world-leading emissions reduction. Meanwhile, non-OECD emissions keep going up and now account for nearly three-quarters of the global total.

China, the world’s largest emitter of CO2, derives 70 per cent of its electricity from coal. Plants fuelled by coal also emit toxic compounds and lung-clogging particulates that lower life expectancy by as much as 10 years for the millions of citizens living in smog-darkened cities. It’s that health crisis, not CO2 emissions, that’s driving President Xi Jinping’s government to convert coal plants to natural gas. China needs to increase LNG imports substantially to accomplish that, an objective made more challenging as, even during the pandemic, economic growth continues to drive electricity demand. This makes the country’s thirst for LNG virtually limitless. China is already the second-largest LNG importer behind Japan and plans to double its imports over the next three years.

Enormous natural gas reserves and the relative proximity of our northwest coast to Chinese ports make Canada ideally suited to supply that demand. Just as our landlocked oil is being sold to the U.S. at heavily discounted captive-market prices, so, too, is our natural gas. The Asian LNG market represents the only hope for beleaguered gas producers to achieve international market prices. After 10 years and billions of dollars spent by more than a dozen industry consortia, that hope centres on one project: the $40-billion LNG Canada project, largest in Canadian history, that is currently under construction in Kitimat, B.C. The Coastal GasLink pipeline from northeast B.C. gas fields is also under construction. As LNG Canada’s mid-decade startup date moves closer, economically stressed towns like Dawson Creek and Fort St. John are experiencing a major economic uplift as drilling, processing plants and connecting pipeline construction intensifies.

• Gwyn Morgan: Liberals’ plan to replace fossil fuel with wind and solar is technically impossible and economically disastrous
• Gwyn Morgan: Federal government should work with First Nations who want pipelines
• Gwyn Morgan: Trudeau has turned Canada’s most economically important industry into a pariah

LNG Canada’s shareholders include state-controlled PetroChina. Replacing China’s coal-generated electricity with LNG Canada’s natural gas represents a global emissions reduction equivalent to taking up to 80 per cent of all cars off Canadian roads, which would be a much greater achievement than will be produced by all of the Trudeau government’s economically debilitating and nationally divisive carbon taxes and green subsidies put together. Plus: tens of thousands of well-paying jobs and billions in tax revenues and foreign exchange revenue will be created.

For this project to finally be under construction, after more than a decade of navigating Canada’s byzantine regulatory process, and while facing conflicting First Nations’ claims and determined opposition from well-funded international environmentalist organizations, is testimony to the determination and resiliency of the project’s leader, South African-born engineer Andy Calitz. Without him, the project would have joined the already crowded LNG project graveyard.

In 2010, there were more than 20 projects proposed for the B.C. coast. The most significant were ExxonMobil’s $25-billion West Coast Canada project, Chinese state-owned CNOOC’s $28-billion Aurora project and Malaysian firm Petronas’s $36-billion Pacific NorthWest project. Given the global emissions reduction and economic benefits of just one project, imagine the impact if even one or two more had crossed the finish line.

The only other major project left standing is Kitimat LNG, and its future is in jeopardy. Equal in size to LNG Canada, the project is sponsored by American-owned Chevron Canada and Australian LNG pioneer Woodside Energy. Regulatory approvals had finally been obtained and site preparation was under way when, in late 2019, Chevron announced its intention to sell its 50 per cent interest. Those close to the Chevron project believe the federal government’s weak response to the 2018 blockades of LNG Canada’s gas supply pipeline led by non-elected Wet’suwet’en First Nation honourary chiefs was the proverbial last straw for Chevron.

Exporting LNG to displace coal is a powerful way for Canada to be a leader in helping reduce global emissions. And yet one of the most perplexing barriers for LNG project sponsors is the fixation of Canadian regulators on the project’s domestic emissions, which are minuscule in comparison with their enormous global reduction. Prior to the December 2018 UN Climate Change Conference in Katowice, Poland, the federal Conservative party urged the leaders of the Canadian delegation to propose that achievement of national emissions reduction targets include reduced foreign emissions from LNG exports. But this made far too much common sense for our prime minister and his Gerald Butts-led team of anti-fossil fuel eco-zealots. So not even Canada itself pushed what could be a big made-in-Canada contribution to global emissions reduction.

Financial Post

Gwyn Morgan is a retired business leader who has been a director of five global corporations.

 

[DaSleeper]

The other good thing about LNG vehicles is that you can go a long time between oil changes.
Ontario hydro used to have several L N G powered trucks some years ago that you could switch to gasoline if they ran dry of LNG!
I think the scarcity of filling stations pretty much killed that project!

 

[Twin_Moose]

Same in Saskatchewan, there was talk about fitting homes receiving NG at home would have their meters fitted with vehicle refueling lines attached, then anti whatever said it wouldn't be safe to have owners fuel their own vehicles with NG.

 

[mentalfloss]

Oh well.

Oil tumbles with spread of demand pessimism, firmer dollar

Oil slumped below $52 a barrel in New York as renewed virus lockdowns deepened pessimism...

www.houstonchronicle.com

 

[Cliffy]

While the rest of the country celebrates, Trumpkins, still butt hurt from the lose of their Lord and Master, think this is a bad thing. Sad little ecology smashers.

 

[petros]

Hi, how are ya? Racist!

First Nations alliance to invest up to $1B in Keystone XL pipeline​

By Noah Zivitz

The Open TC Energy lines up $1B Keystone XL investment by First Nations alliance

Noah Zivitz
Managing Editor, BNN Bloomberg
Follow|Archive

TC Energy Corp. has brought another backer into its corner for the Keystone XL pipeline.

The Calgary-based company announced Tuesday it struck an agreement for Natural Law Energy (NLE) – an alliance of First Nations representing the traditional territories of Treaty No. 4, Treaty No. 6 and Treaty No. 7 – to invest up to $1 billion in the controversial pipeline that's been the subject of years of delays and regulatory uncertainty. TC Energy pointed out the investment is dependent on NLE securing financing.
It's the second significant equity partner that TC Energy has brought on board for Keystone XL after the province of Alberta signed up for a $1.5-billion investment in the project – plus a $6-billion loan guarantee – in March. And it's being announced despite a murky outlook for Keystone XL in light of U.S. President-elect Joe Biden's campaign pledge to block the project.

"
Natural Law Energy has used the same blueprint our ancestors used when they negotiated the Treaties that governed working together to share the land,” said NLE CEO Travis Meguinis in a release.

"We’re a major contributor to economic developments on our traditional lands and will create opportunities for future generations. As an Indigenous led company, we need to ensure sustainability to Mother Earth and share our understanding as stewards of the land by bringing our traditional protocols and values to these projects.”

Clitty thinks the energy provided by the ancient grandfathers of tatanka are evil.

Fucking racist!

 

[petros]

For Clitty.

 

[mentalfloss]

You guys feeling that?

 

[petros]

Feeling what?

 

[Danbones]

The pain of 50,000 out of work

Unlike the inauguration he should face them live and tell them in person...but noe...cowardice.

 

[Danbones]

Hi, how are ya? Racist!

First Nations alliance to invest up to $1B in Keystone XL pipeline​

By Noah Zivitz

The Open TC Energy lines up $1B Keystone XL investment by First Nations alliance

Noah Zivitz
Managing Editor, BNN Bloomberg
Follow|Archive

TC Energy Corp. has brought another backer into its corner for the Keystone XL pipeline.

The Calgary-based company announced Tuesday it struck an agreement for Natural Law Energy (NLE) – an alliance of First Nations representing the traditional territories of Treaty No. 4, Treaty No. 6 and Treaty No. 7 – to invest up to $1 billion in the controversial pipeline that's been the subject of years of delays and regulatory uncertainty. TC Energy pointed out the investment is dependent on NLE securing financing.
It's the second significant equity partner that TC Energy has brought on board for Keystone XL after the province of Alberta signed up for a $1.5-billion investment in the project – plus a $6-billion loan guarantee – in March. And it's being announced despite a murky outlook for Keystone XL in light of U.S. President-elect Joe Biden's campaign pledge to block the project.

"
Natural Law Energy has used the same blueprint our ancestors used when they negotiated the Treaties that governed working together to share the land,” said NLE CEO Travis Meguinis in a release.

"We’re a major contributor to economic developments on our traditional lands and will create opportunities for future generations. As an Indigenous led company, we need to ensure sustainability to Mother Earth and share our understanding as stewards of the land by bringing our traditional protocols and values to these projects.”

Clitty thinks the energy provided by the ancient grandfathers of tatanka are evil.

Fucking racist!

What no link and no date?

Ummmmmm....didja write that yerself or something?

 

[petros]

I changed my name to Noah, got a job at Bloomberg and wrote it on Nov 17th.

I'm glad you read things closely.

 

[petros]

I changed my name to Noah, got a job at Bloomberg and wrote it on Nov 17th.

I'm glad you read things closely.

I did a video too.

TC Energy lines up $1B Keystone XL investment by First Nations alliance

TC Energy has struck an agreement for Natural Law Energy – and alliance of First Nations – to invest up to $1 billion in the controversial pipeline that’s been the subject of ongoing delays and regulatory uncertainty. BNN Bloomberg’s Andrew Bell has more.

www.bnnbloomberg.ca

 

[Jinentonix]

View attachment 5283

While the rest of the country celebrates, Trumpkins, still butt hurt from the lose of their Lord and Master, think this is a bad thing. Sad little ecology smashers.

Man you are soooo f*cking snowed it's pathetic. Funny how Biden isn't killing off the Utah oil sands project, Kentucky's oil sands production and California's bitumen production. Yep, when Trump engaged in US protectionism he was an asshole and yet when Obama and now Biden engage in US protectionism, you cheer it on. If you're any more stupid, well I just don't see how you could be.

 

[taxslave]

I wonder how the storey would go if welfare payments were linked to the price of oil? And of course the volume exported.

 

[Jinentonix]

You guys feeling that?

View attachment 5286

Feeling your racism towards the FN? You bet. Pretty sad when you're thrilled that various FN will once again get f*cked out of an opportunity to benefit from Canada's resource sector.