Day: November 18, 2023
ExxonMobil vs. Google: Profits and Perceptions Explained
It’s earnings season, and with ExxonMobil and Chevron posting big profits, that can only mean one thing. They are once again being blamed for gouging consumers and for causing inflation. As I have argued before, such thinking reveals a massive misunder…
Armenia Turns to Iran To Reduce Energy Dependence on Russia
As Armenia gradually turns away from its traditional strategic ally, Russia, it is tentatively exploring deeper partnerships with the likes of France and the United States. And then there is Iran. Tehran and Yerevan have enjoyed cordial – even warm – …
What Caused the Recent Drop in Oil Prices? Goldman Trader Chimes In
Tons of questions on the weakness in Crude – Thoughts from our trading desk: believe the move is more of a “catch-up” to weaker physical markets as we moved past WTI options expiration yesterday & as Middle East risk premium has now come out of the mar…
China’s Shift to Renewable Energy Could Curb Emissions Sooner Than Expected
A shift in demand and significant investments in the green energy sector over the last decade could lead to a decline in China’s greenhouse gas emissions starting as early as next year. China is a renewable energy powerhouse, expected to lead not just …
What Trudeau’s EV Subsidies Will Really Cost Canada – See the Parliamentary Budget Office Report Here
The government’s electric vehicle battery plant projects will likely cost a lot more than expected, the parliamentary budget officer said in a report released Nov. 17. See the full report here: Costing Support for EV Battery Manufacturing – PBO T…
Study Finds Alberta Underestimates Methane Emissions by 50 Per Cent
A study from one of Canada’s premiere climate labs says methane emissions from Alberta’s energy industry are underestimated by almost 50 per cent.
The study from Carleton University’s Energy and Emissions Research Lab also says oil and gas produced …
Here’s Why the Rest of Canada Doesn’t Want Alberta to Leave the CPP
By Tegan Hill, Associate Director, Alberta Policy, Frasier Institute Provincial and territorial finance ministers recently met with federal Finance Minister Chrystia Freeland to discuss a hot topic—Alberta’s potential withdrawal from the Canada Pension…
Oil Jumps 4%, Rebounding After Sharp Week-Long Selloff
Summary Benchmarks on track for fourth straight week of losses OPEC+ considers additional oil supply cuts U.S. oil rig count rises for the first time in three weeks – Baker Hughes NEW YORK, Nov 17 (Reuters) – Oil prices rose about 4% on Fri…
Guilbeault Foiled Again – Canada Court Overturns Government Ruling That Some Plastics Are Toxic
A Canadian court on Thursday struck down a regulation classifying some plastic products as toxic, a ruling that could hurt a push by Ottawa to ban single-use plastic items like bags, straws and forks. A ban on manufacturing and importing “harmful” sing…
Government Pressure Mounts for Industrial Decarbonization
Governments worldwide are pushing companies to alter their practices to decarbonise operations in line with green transition aims. In the U.S., the Biden administration is offering significant financial incentives for using carbon-cutting techniques, g…