Newfoundland and Labrador can grow as a trusted oil supplier to Europe

Already a steady supplier and can grow significantly if major projects get the go-ahead

Newfoundland and Labrador can grow as a trusted oil supplier to EuropeEurope needs new suppliers to get off Russian oil and maintain energy security in the long term. Newfoundland and Labrador’s offshore oil industry is already a steady supplier and can grow significantly if major projects get the go-ahead. “We have the potential certainly to be producing more,” says Paul Barnes, Atlantic Canada and Arctic director…

A wake-up call to the free world on energy security

U.S. Sen. Manchin says North America best positioned to help the world with energy security

A wake-up call to the free world on energy securityU.S. Democratic Senator Joe Manchin wants to build a North American energy alliance with Canada and Alberta. The former governor of West Virginia and chair of the Senate Committee on Energy and Natural Resources ended an April visit to the Alberta oil sands with a commitment to raise the profile of Canada’s resources in Washington,…

Oil and gas leads Canadian spending on environmental protection

More than triple the next-highest industry on the list, mining and quarrying

Oil and gas leads Canadian spending on environmental protectionThe latest numbers show how much businesses in Canada spend on environmental protection, and it’s another year with the oil and gas sector way ahead of the pack. Statistics Canada reports that oil and gas producers spent $3.1 billion on environmental protection in 2019, the highest of all 20 industries in the annual survey. The…

Federal oil and gas emissions plan will hurt Canadians 

Canada is the solution to reliable, affordable, responsible energy security

Federal oil and gas emissions plan will hurt Canadians The federal government’s plan to require a 42 per cent reduction in emissions from Canada’s oil and gas sector by 2030 is based on assumptions divorced from reality and will ultimately hurt Canadians. Setting aggressive targets to cap and reduce the sector’s pollution – while no other major producing nation does the same – is…

Canadian oil a ‘godsend’ for U.S. energy security

American Chamber of Commerce leader says reliable supply supports jobs and helps lower energy costs

Canadian oil a ‘godsend’ for U.S. energy securityA senior leader with the U.S. Chamber of Commerce would rather see the United States focus on oil imports from Canada than other potential partners as the global energy security crisis from Russia’s invasion of Ukraine grows. “From a pure, selfish U.S.-centric viewpoint, we should be careful and very particular where we import from,” says…

Canada’s oil sands represent U.S. energy security

Oil sands' commitment to reduce emissions means reliable and sustainable energy for North America

Canada’s oil sands represent U.S. energy securityThe growing global energy security crisis caused by Russia’s invasion of Ukraine highlights the unique value of Canada’s oil sands to North America. Along with the sector’s stable, reliable supply is the joint commitment by virtually all oil sands producers to reduce total emissions and reach net zero by 2050 to help fight climate change.…

Canada, not Venezuela, the solution for U.S. energy security

U.S. should look to Canada to improve energy security instead of a hostile, oppressive government

Canada, not Venezuela, the solution for U.S. energy securityThe U.S. needs long-term solutions to replace energy imports from Russia. But rather than working to fast-track increased oil deliveries from Canada, among other negotiations, the administration of President Joe Biden is reportedly in talks to ease sanctions on Venezuela, where the government stands accused of a litany of human rights abuses. The U.S. has…

Canada’s oil sands best fit to increase long-term supply to U.S.: analyst 

Keystone XL would have transported 830,000 barrels per day from Western Canada to the U.S.

Canada’s oil sands best fit to increase long-term supply to U.S.: analyst Canada’s oil sector is scrambling to increase production as the U.S. bans imports from Russia. Had the Keystone XL pipeline not been cancelled, more oil from Canada would likely already be on the way, says a leading oil analyst. “We are expecting some growth from Canada, but for a meaningful difference, it’s tough because you…

New oil and gas megaprojects going ahead, just not in Canada

Energy investment continues to significantly lag the rest of the world

New oil and gas megaprojects going ahead, just not in CanadaNew oil and gas megaprojects worldwide are getting the green light as global energy demand surges – new ones outside of Canada, that is. Total world spending on oil and gas production and liquefied natural gas (LNG) is expected to rise this year to about US$456 billion, up from US$418 billion in 2021, according to…

Why Trans Mountain Pipeline expansion still makes sense

A significant boost to the Canadian economy

Why Trans Mountain Pipeline expansion still makes senseThe 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…