Tar Sands

Six Pipelines, Assorted Tax Breaks Lead Fossil Wish List As Alberta Election Approaches

29/01/19

Author:

Bob Weber - Primary Author

Link:

January 25, 2019

Government support for six new tar sands/oil sands pipelines and four major liquefied natural gas (LNG) projects, along with assorted tax cuts and regulatory breaks, led the wish list the Canadian Association of Petroleum Producers (CAPP) released Tuesday in advance of the provincial election coming up in Alberta this spring.

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Category:

Alberta

Oil - Pipelines

Tar Sands

Trudeau’s oilsands supply outlook reflects a future that doesn’t exist

28/01/19

Author:

Robyn Allan

Link:

National Observer

Prime Minister Justin Trudeau speaks to reporters at a news conference in Ottawa on June 20, 2018. File photo by Alex

January 25th 2019

Prime Minister Justin Trudeau is relying on an aggressive and outdated Western Canadian crude oil supply outlook to re-approve Trans Mountain’s expansion. Trudeau’s outlook seriously contradicts the supply forecast oilsands producers support as commercially viable.

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Category:

The Great American conspiracy to sabotage Canadian oilpatch

02/01/19

Author:

Opinion

Link:

Calgary Herald

[Website editor's note - Another face of climate change denialism: Blame Americans...]

Canada’s debilitating inability to gain fair market value for its largest export commodity – crude oil – has become the top economic story of 2018. It will likely dominate headlines in 2019.

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Discount Frenzy: The dirt on discount oil

27/12/18

Author:

Will Horter

Link:

National Observer

Dec 26, 2018 - We are being inundated with discount frenzy and it’s not just annoying, it could be life-threatening.

I’m not talking about the onslaught of huckster ads encouraging us to buy, buy, buy on Black Friday, or even today, Boxing Day. No, the truly crazy-making discount frenzy is the barrage of half-truths, misinformation and outright lies blaming Alberta’s woes on the so-called discount on Canadian oil. That’s some serious snake oil (aka propaganda) that is sabotaging our chance to keep the world habitable for our children.

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Alberta’s Problem Isn’t Pipelines; It’s Bad Policy Decisions

28/11/18

Author:

Andrew Nikiforuk

Link:

The Tyee

In 2007, an Alberta government warned that bitumen prices could eventually fall so low that the government’s royalty revenues — critical for its budget — would be at risk. Photo via Government of Alberta.

Bitumen prices are low because the province has ignored at least a decade of warnings.

The Alberta government has known for more than a decade that its oilsands policies were setting the stage for today’s price crisis.

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Ottawa considering Alberta proposal to subisidize oil by rail

22/11/18

Author:

David Ljunggren and Rod Nickel and Julie Gordon

Link:

Financial Post

OTTAWA/VANCOUVER — Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.

Category:

Boom, Bust, and Consolidation Corporate Restructuring in the Alberta Oil Sands

08/11/18

Author:

SUSAN CAKE , EMMA JACKSON , ERIC PINEAULT , IAN HUSSEY

Link:

The Parkland Institute

Nov 8, 2018 - This report analyzes the economics of the five largest bitumen-extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. We examine the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016), and restructuring and consolidation (2015 onward).

Category:

Alberta regulator apologizes for spooking public with $260-billion cleanup cost estimate

02/11/18

Author:

Emma McIntosh, Steph Wechsler, Carolyn Jarvis & Mike De Souza

Link:

National Observer

November 1st 2018

The Price of Oil

The Alberta Energy Regulator is apologizing for a “staggering” presentation, made last February by one of its highest-ranking officials, warning the province’s oilpatch that it could be sitting on an estimated $260 billion in financial liabilities.

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Alberta regulator privately estimates oilpatch's financial liabilities are hundreds of billions more than what it told the public

02/11/18

Author:

Mike De Souza, Carolyn Jarvis, Emma McIntosh & David Bruser

Link:

National Observer

new estimate delivered in a private February 2018 presentation by a senior Alberta Energy Regulator official estimates that the province's fossil fuel industry has a $260 billion liability. File photo of Alberta oilsands facility by Kris Krug

November 1st 2018

Cleaning up Alberta's fossil fuel industry could cost an estimated $260 billion, internal regulatory documents warn.

The staggering financial liabilities for the energy industry’s graveyard of spent facilities were spelled out by a high-ranking official of the Alberta Energy Regulator (AER) in a February presentation to a private audience in Calgary.

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