Future long-term oil price estimates essential for public, private sectors
TORONTO—Forecasting the future price of oil is a bit like trying to forecast the future exchange rate of the Canadian dollar. The volatility in oil prices, or the value of our dollar, over the past 25 years shows what a challenging task this is. Yet, having some idea of future oil prices is vital for […]
Politics This Morning: On leadership, Cabinet and energy speculation in the upcoming Parliament
Good Monday Morning. It’s been a week since the 78-day election campaign has been over and Canadians voted, resulting in a Liberal majority government. Since last Monday’s vote, politicos have been speculating about who the next Conservative Party interim leader will be, when the next race for a permanent leader will begin to replace outgoing […]
Industry experts emphasize need for pipelines, carbon pricing
Canada needs pipelines and governments should move forward with them, say industry representatives. “I think we’ve got to decide as a country whether we are still in the business of nation building,” said Sergio Marchi of the Canadian Electricity Association. “Our forefathers have always believed in the big projects, we’ve always applied pan-Canadian visions on […]
Resources
Forest products industry an innovation leader: FPAC president
The transformation and innovation journey of the forest sector is a story about creating opportunity out of necessity. It’s a story about foresight and leadership. And, it is a story about Canada’s potential and future opportunity—an opportunity for partnership and collaboration between industry, governments both federal and provincial, researchers, the academic community and others. The […]
Water
Energy
Castles in the air: Canada’s unexploitable hydrocarbon ‘resources’
Seventy-five per cent of Canada’s existing oil reserves, and 99 per cent of the known bitumen resource (Remaining Ultimately Recoverable Resources) will remain in the ground by 2050, if climate change is to be limited to the internationally agreed target of 2.0 degrees of warming by the end of this century. These are the figures […]
Time to restart Canada’s energy conversation
Canada is an energy nation. We have some of the world’s largest reserves of oil, natural gas, coal, and uranium, and we’re a major producer of hydropower and other sources of renewable energy. The recent oil price shock—with its dramatic impacts on our dollar, our investment portfolios, our companies, and our public finances—is a sharp […]
Keystone and the tipping point away from fossil fuels
Last spring, when the U.S. State Department Final Environmental Impact Statement (EIS) on Keystone XL was released, it was heralded by project boosters as the green light to approval. It was actually more of a flashing yellow. The EIS was dense and lengthy. It was a policy wonkish document. When the NEB report on Enbridge came […]
