N.S. government kills electric utility’s bid to impose ‘net-metering’ charge on solar
By Michael MacDonald The Canadian Press Wed., Feb. 2, 2022 HALIFAX – The Nova Scotia government has scuttled a bid by the province’s private electric utility to charge fees to customers who sell renewable power back to the electricity grid. Premier Tim Houston issued a statement Wednesday saying his government’s move is aimed at protecting the […]
Strength in energy sector helps lift S&P/TSX composite, U.S. stock markets mixed
TORONTO — Strength in the energy sector helped Canada’s main stock index rise in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 96.35 points at 21,194.64. TORONTO — Strength in the energy sector helped Canada’s main stock index rise in late-morning trading, while U.S. stock markets were mixed. The […]
Canada’s Oil Sands Stocks Surge Even as Some Companies Exit
January 31, 2022 EnergyNow Media (Bloomberg)Canada’s oil companies are outperforming their energy-producing peers as the highest oil prices in seven years brings a windfall of cash.The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months, data compiled by Bloomberg show.The 25% […]
Atlantic premiers meet to discuss clean energy loop, COVID-19 management
HALIFAX — Atlantic Canada’s four premiers met virtually today to discuss regional priorities, including the Atlantic Loop clean energy project. In a news release following the meeting hosted by Nova Scotia Premier Tim Houston, the premiers reiterated the importance of the $5-billion proposal. The premiers say the Atlantic Loop, which would connect the four provinces […]
Oil Tumbles With Equities Amid Rate-Hike Fears, Ukraine Tensions
Alex Longley and Devika Krishna Kumar Mon., January 24, 2022, 8:53 a.m. Alex Longley and Devika Krishna KumarMon., January 24, 2022, 8:53 a.m. (Bloomberg) — Oil in New York tumbled as risk-off sentiment prevailed across financial markets, driven by concerns about monetary tightening and growing political tensions in Ukraine. U.S. crude futures lost as much […]
International Recognition: IEA Boss Prefers Oil and Gas from Canada
January 19, 2022 EnergyNow Media The head of the International Energy Agency says Canada is a preferred global oil and gas supplier and should take steps to ensure it remains so in the decades to come. IEA executive director Fatih Birol is a big advocate for net zero targets, but he knows that even as the world transforms its energy systems, oil and gas will be around […]
Canada And The United States CrissCross Support For Nuclear Energy’s Bright Future
Jan 18, 2022,08:00am EST James Conca And recently, the U.S. Department of Energy gave a $3 million grant to Canada-based Terrestrial Energy to support licensing and commercialization of its Integral Molten Salt Reactor (IMSR), a Generation IV nuclear power plant. The largest of the DOE awards announced last fall, the award supports modeling and simulation for the off-gas systems of the […]
IEA report on Canada welcomes SMR developments
The International Energy Agency’s (IEA’s) Canada 2022: Energy Policy Review has found that, since the last IEA review in 2015, Canada has made a series of enterprising international and domestic commitments and has made progress towards transforming its energy system. Launching the report on 13 January, IEA Executive Director Fatih Birol said: “Canada has shown impressive leadership, […]
Trans Mountain oil pipeline returns to normal operating pressure
Published Sunday, January 16, 2022 10:48PM EST The Trans Mountain pipeline returned to normal operating pressure on Saturday, it said in a statement, after functioning at reduced pressure for over a month. The Canadian government-owned oil pipeline, which ships 300,000 barrels a day of crude oil and refined products from Alberta to the Pacific Coast, was […]
Alberta to move forward on next carbon storage hub to serve oilsands producers
The government of Alberta, Canada’s main oil-producing province, plans to move forward “very, very quickly” on its next carbon sequestration hub in the Cold Lake region that will serve oilsands producers, Energy Minister Sonya Savage told Reuters.