The expansion, now expected in late 2023, will help meet continued world oil use, benefiting Canadians
The case for the Trans Mountain Pipeline expansion remains strong as oil demand is on its way to a new record high, according to industry analysts. Following nearly two years of world consumption exceeding supply, global oil demand is expected to reach a first-ever 101.6 million barrels per day in 2023, according to the International Energy Agency…
21,000 jobs, $890 million in taxes and about $2.5 billion in annual GDP
There’s been a big step forward for a major proposed Canadian liquefied natural gas (LNG) project that’s seen as an opportunity for economic reconciliation with Indigenous communities and help to reduce global greenhouse gas emissions. Partners in the Ksi Lisims LNG project, including the Nisga’a Nation, have applied for a 40-year LNG export licence and…
There are 2,449 coal-fired plants operating worldwide, 189 under construction and 292 planned
Coal use around the world is rising in what the head of the International Energy Agency (IEA) calls “a sobering reality check” for targets to reduce emissions. Against that backdrop, global demand for liquefied natural gas (LNG) is soaring, in part because it can help displace coal power and reduce emissions by half – or…
Natural gas is an absolutely critical part of any clean energy mix
The future looks brighter for Canada’s emerging liquefied natural gas (LNG) industry. A second project, Woodfibre LNG, has received the green light and a major expansion is being considered for the under-construction LNG Canada plant. It’s no surprise given the red-hot global market for LNG. Last year, LNG prices increased by 435 per cent compared…
Oil tankers off West coast are bad but drilling for oil off Newfoundland's coast is OK
We all know politics is the art of the possible. Perfection isn’t for the real world. We aren’t surprised when tradeoffs and the occasional compromise creep into government policies. Nor do we require elected members of government, even at the ministerial level, to be experts in their portfolio areas, although we expect them to avail…
The case for the Trans Mountain Pipeline expansion remains strong as the world enters another year of exceptional growth in oil demand, according to industry analysts. Following nearly two years of global demand exceeding supply, oil inventories are now at the lowest level ever in Europe and Asia, according to a report by IHS Markit. The…
Living in B.C. is unaffordable for many people and carbon taxes make it worse
Drivers in Vancouver are paying record-smashing prices at the gas pump and taxes are an extra kick in the head. Prices have hit more than $2 per litre for regular gasoline in Metro Vancouver. That’s the highest gasoline price in North America, along with the highest gasoline taxes. Before chuckling at the pipeline-blocking-moon-units getting their…
The price at the gas pumps has hit a record-breaking $1.82 per litre in Vancouver. That’s the most expensive gasoline in North America. While some readers in Winnipeg and Calgary might chuckle at the karma coming back to bite a city whose mayor personally blocked the building of pipelines, it’s important to remember that bad…
It was responsible for nearly 26,500 direct jobs and more than 36,100 indirect jobs in 2017
By Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre British Columbia has been producing oil and natural gas since 1952. As of 2018, B.C. produced 32 per cent of Canada’s natural gas and two per cent of Canada’s conventional daily oil production. The government collects royalties from oil and gas development, supporting economic prosperity in…
Emissions going up despite the province having the highest carbon taxes in North America
Carbon taxes are an expensive failure when it comes to reducing emissions Emissions in British Columbia are going up despite the province having the highest carbon taxes in North America. Think you’ve read this before? That’s because this keeps happening. If the definition of insanity is doing the same thing over again while expecting a…
The case for the Trans Mountain Pipeline expansion remains strong as oil demand is on its way to a new record high, according to industry analysts. Following nearly two years of world consumption exceeding supply, global oil demand is expected to reach a first-ever 101.6 million barrels per day in 2023, according to the International Energy Agency…
