Oil Sands Monitoring system
The Gov’ts of Canada and Alberta today officially launched an online database for monitoring impacts in the oil sands region. There have been a lot of people, in and out of government, working on this project for a very long time. Congrats to them for bringing this project along.
Herald reporting today that the outlook for resource companies is worsening. Let’s hope the setback is temporary as the spinoffs for resource extraction across Canada are huge.
This ones ties in to the same point but is mainly related to oil and gas producers. The price differential between the Brent price and West Texas as well as the bitumen to light, sweet crude continues to hurt producers’ bottom lines (and in turn reduces revenue to govts significantly). The natural gas price has improved a bit but is still weak (unless you burn natural gas in your operations, then its yahoo). Too many people forget that Alberta has run on natural gas royalties for many years, so this is a continued worry point.
What’s an energy roundup without Keystone? There was a lot of activity on KXL over the last week, including the State Dept holding an hearing in Grand Island, Nebraska. With the above mentioned downturn on resources, getting Canadian product to a new market on the Gulf Coast is more important than ever.
I like this look at pipeline vs rail because it highlights some of the options to producers.
I like this article for a couple of reasons: nice feature on Nature Conservancy of Canada which works with industry to solve environmental issues and offsets land, they take the its not an either/or approach to development. And I really like this quote – “The McKibbenists face defeat at every turn.”
And it looks like the Kinder Morgan expansion has been dragged into the BC election campaign with NDP leader Adrian Dix stating his opposition to the project. He had previously not taken a stand because KM had not yet filed with the National Energy Board for approval. This situation has not changed.
Great news for Sask residents as exports of their products has surged, even surpassing BC in total exports. If we’re not selling ie exporting, we’re not working so keep up the good work.