Comment the mark of an extremist with little interest in human safety
In mid-November, prominent environmental activist David Suzuki made some remarks that any impartial observer would consider radical. This was during an event hosted by an organization that is not known for its measured responses: Extinction Rebellion. Suzuki’s message was clear: “there are going to be pipelines blown up if our leaders don’t pay attention to…
The dip came as a new COVID-19 strain sparked fears of renewed lockdowns and demand destruction
World crude oil markets crashed on Friday by more than 10 per cent. For the first time since late September, West Texas Intermediate, the U.S. crude, tumbled below $70 a barrel, while the global benchmark, Brent, slumped to less than $75 a barrel. This crash wasn’t anticipated. The relief didn’t just come from the co-ordinated…
The world is learning the hard way that the global economy still relies on fossil fuels
With the UN-sponsored Climate Change Conference (COP26) climate talks in Glasgow over, it is important to review some of the agreements and implications that have resulted from this process and assess the impact on Canada’s energy resources sector. Putting the rhetoric in context One can take seriously the undeniable threat posed by climate change while…
Energy sector created more than 20,000 jobs and nearly $7 billion in GDP in 2017 alone
By Ven Venkatachalam and Lennie Kaplan Canadian Energy Centre Next year will mark 30 years of offshore oil and natural gas production in Atlantic Canada. In that time, Atlantic Canada has been the primary source of human capital for the oil and gas industry in other parts of Canada, while being a significant recipient of…
It was the only domestic location where Canadians lost their lives during the global conflict
Troy Media publisher Doug Firby was part of a group of Canadians who call themselves ConnecTour. Starting last May in British Columbia and ending in October in Newfoundland, they made an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and sense of community. Bell Island is a little…
According to Natural Resources Canada, at the end of 2018 Canada had 73 trillion cubic feet (tcf) of proven natural gas reserves
By Mark Milke and Lennie Kaplan Canadian Energy Centre In 2009, the eastern European country of Ukraine endured a twin lesson in geopolitics and energy security: Russia cut off its natural gas supply in mid-winter. Russia’s public reason was that it was engaged in a pricing dispute with Ukraine. In reality, it was an attempt…
ConnecTour cross-country cyclists finally reach their destination
Troy Media publisher Doug Firby is part of a group of Canadians who call themselves ConnecTour. Starting last May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and sense of community. Watch for their…
From the Second World War to 9/11, Gander has a lot to be proud of
Troy Media publisher Doug Firby is part of a group of Canadians who call themselves ConnecTour. Starting last May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and sense of community. Watch for their…
We're deluded if we believe that the consequences will only be borne by workers in the oil and gas sector
Shortly before the election was called, the federal government launched an engagement process to determine how Canadians want to implement a 'Just Transition' to a net-zero carbon economy. To the government, this means developing supports for the oil and gas workers whose livelihoods are being impacted by domestic climate policies. A 'Just Transition Advisory Body'…
A global energy crunch could help propel prices above US$100 a barrel
All eyes are focused on the Organization of Petroleum Exporting Countries and its allies in OPEC+ as they meet today. With crude oil prices touching US$80 a barrel and prospects of hitting US$100 this winter looming large, markets are on edge. The market trajectory is virtually impossible to delineate. A global energy crunch could help…