Page 27 - July 1, 2019
P. 27
THE WEEKLY ANCHOR
PAGE 26 MONDAY JUNE 17, 2019
Electricity
&
&
Oil & Gas
Monthly Update on the Energy Industry
A
Forestry
Minerals
&
&
Coal Mining
&
EDUCATION IN ACTIONTION IN ACTION
EDUCA
THE WEEKLY ANCHOR MONDAY JULY 1, 2019 PAGE 27
A Monthly Update on the Energy Industry & Oil & Gas
ENERGY & Coal Mining
& Minerals
& Electricity
ENERG
ENERGY EDUCATION IN ACTIONY EDUCATION IN ACTION
Forestry
&
Trans Mountain approval paves the way for THE WEEKLY ANCHOR MONDAY JULY 11, 2016 PAGE 3
Canada to start competing on the world stage
The Government of Canada's new approval to
build the Trans Mountain Expansion Project
(TMEP) means Canadian oil will finally gain
some access to growing overseas markets. This New Public-Private Partnership to Accelerate
will enable Canada to receive full value for our
natural resources while helping to reduce net
global greenhouse gas (GHG) emissions, Sustainability Innovation in Oil Sands
according to the Canadian Association of
Petroleum Producers (CAPP).
TMEP is critical infrastructure that will
diversify markets for Canadian oil, create a
stronger energy future and expand economic
benefits for all Canadians.
With vast experience and leadership in
technology and innovation, as well as
responsible development, Canadian oil
producers are ideally suited and ready to play a
significant role in providing more efficient
energy and modelling best practices. Lowering
GHG emissions and minimizing the
environmental footprint through technology
and innovation are in line with corporate goals total world energy demand, or 105 million development, Canada can play a leadership role
of lowering costs, operating efficiently, and barrels per day (b/d) – representing the largest in responsibly produced energy, while still
being sustainable partners within the share of any fuel source. The world needs more attracting investment, spurring innovation,
communities in which we operate. energy and a significant amount currently creating jobs, and maintaining economic
The TMEP is a step in the right direction comes from sources that do not have Canada's benefits across the country.”
toward offering a longer-term solution to environmental and social standards. Canada “The Fraser Institute concluded in a recent
improve investors' confidence in Canada. can now seize this opportunity to be a leader in report that in 2018 alone, around $20 billion in
CAPP expects an average incremental $20 supplying responsibly produced energy to a revenues were lost because of the lack of
billion of annual investment in the sector if growing global middle class, displacing fuels pipeline capacity. The time to build Trans
domestic competitiveness is enhanced, an extra produced from other jurisdictions with lower or Mountain is now,” stated McMillan. “Increased
$45.4 billion in economic activity by 2030, no standards. market access is one facet of a long-term vision
sustaining 120,000 direct and indirect jobs, and Tim McMillan, president and CEO of the for economic growth – it also includes
government revenues of approximately $7.5 Canadian Association of Petroleum Producers, improving regulatory policy, Indigenous
billion per year. stated, “With some of the highest prosperity, climate and innovation, and fiscal
The International Energy Agency's (IEA) environmental standards in the world, and a and tax policy to promote Canada-wide
World Energy Outlook 2018 report projects commitment to innovation and new technology prosperity.”
that in 2040 oil will comprise 27 per cent of
CAPP issues statement on Bill C-69 CAPP issues statement on Bill C-48
On June 20 the Canadian Senate opposition to Bill C-69.
passed Bill C-69, the The unprecedented number of On June 20, the Canadian pushed forward this
environmental assessment bill by a amendments the Senate Senate approved Bill-C-48, legislation. Bill C-48 does
vote of 57-37. CAPP has issued recommended to the bill, over 200 the Oil Tanker Moratorium nothing to address marine
the following statement: initially, and the waves of adamant Act by a vote of 49-46. CAPP safety and ensures that
“CAPP is very disappointed that opposition from all corners of the
the federal government has chosen country, are clear signs that Bill C- has issued the following foreign oil from OPEC
to ignore the strong feedback from 69 is a poor piece of legislation statement: nations and other hostile
Canadians and push through Bill that will harm Canada and cost regimes continues to be
C-69 without the full suite of jobs. Notably, those most in favour “The federal government’s shipped into Canada. Instead,
amendments initially approved by of this bill are foreign funded passing of the Oil Tanker it targets Canada’s energy
the Senate. This Bill was opposed activists intent on land locking Moratorium act is sector and blocks the
by Indigenous organizations and Canadian resources. We need to unacceptable. Bill C-48 was potential export of
some of Canada’s largest rebuild Canada’s reputation as a clearly opposed by responsibly-developed
industries that employ hundreds of place that welcomes international individuals across the country Canadian petroleum products
thousands of Canadians. It was trade and investment. Instead, Bill because they recognize it as to our trading partners in
opposed by individuals across the C-69 creates ambiguity and an unfair attack to land lock international markets. The
country who wrote thousands of uncertainty around future nation- Canadian oil at the expense result is self-inflicted damage
letters to senators and members of building projects which will drive of the Canadian economy. to the Canadian economy and
parliament, and engaged in senate investment out of Canada and After extensive consultations, more oil being used around
hearings. In addition, the prevent provinces from prospering a senate committee the world that lacks Canadian
governments of Quebec, Ontario, through the development of their recommended Bill C-48 be environmental and social
Alberta, Saskatchewan, Manitoba, valuable natural resources.” - Tim scrapped altogether; yet the standards.” - Tim McMillan,
New Brunswick, Nova Scotia, McMillan, President and CEO - Government of Canada President and CEO - CAPP
Newfoundland and the Northwest CAPP
Territories all voiced their
Build that pipeline...
PAGE 26 MONDAY JUNE 17, 2019
Electricity
&
&
Oil & Gas
Monthly Update on the Energy Industry
A
Forestry
Minerals
&
&
Coal Mining
&
EDUCATION IN ACTIONTION IN ACTION
EDUCA
THE WEEKLY ANCHOR MONDAY JULY 1, 2019 PAGE 27
A Monthly Update on the Energy Industry & Oil & Gas
ENERGY & Coal Mining
& Minerals
& Electricity
ENERG
ENERGY EDUCATION IN ACTIONY EDUCATION IN ACTION
Forestry
&
Trans Mountain approval paves the way for THE WEEKLY ANCHOR MONDAY JULY 11, 2016 PAGE 3
Canada to start competing on the world stage
The Government of Canada's new approval to
build the Trans Mountain Expansion Project
(TMEP) means Canadian oil will finally gain
some access to growing overseas markets. This New Public-Private Partnership to Accelerate
will enable Canada to receive full value for our
natural resources while helping to reduce net
global greenhouse gas (GHG) emissions, Sustainability Innovation in Oil Sands
according to the Canadian Association of
Petroleum Producers (CAPP).
TMEP is critical infrastructure that will
diversify markets for Canadian oil, create a
stronger energy future and expand economic
benefits for all Canadians.
With vast experience and leadership in
technology and innovation, as well as
responsible development, Canadian oil
producers are ideally suited and ready to play a
significant role in providing more efficient
energy and modelling best practices. Lowering
GHG emissions and minimizing the
environmental footprint through technology
and innovation are in line with corporate goals total world energy demand, or 105 million development, Canada can play a leadership role
of lowering costs, operating efficiently, and barrels per day (b/d) – representing the largest in responsibly produced energy, while still
being sustainable partners within the share of any fuel source. The world needs more attracting investment, spurring innovation,
communities in which we operate. energy and a significant amount currently creating jobs, and maintaining economic
The TMEP is a step in the right direction comes from sources that do not have Canada's benefits across the country.”
toward offering a longer-term solution to environmental and social standards. Canada “The Fraser Institute concluded in a recent
improve investors' confidence in Canada. can now seize this opportunity to be a leader in report that in 2018 alone, around $20 billion in
CAPP expects an average incremental $20 supplying responsibly produced energy to a revenues were lost because of the lack of
billion of annual investment in the sector if growing global middle class, displacing fuels pipeline capacity. The time to build Trans
domestic competitiveness is enhanced, an extra produced from other jurisdictions with lower or Mountain is now,” stated McMillan. “Increased
$45.4 billion in economic activity by 2030, no standards. market access is one facet of a long-term vision
sustaining 120,000 direct and indirect jobs, and Tim McMillan, president and CEO of the for economic growth – it also includes
government revenues of approximately $7.5 Canadian Association of Petroleum Producers, improving regulatory policy, Indigenous
billion per year. stated, “With some of the highest prosperity, climate and innovation, and fiscal
The International Energy Agency's (IEA) environmental standards in the world, and a and tax policy to promote Canada-wide
World Energy Outlook 2018 report projects commitment to innovation and new technology prosperity.”
that in 2040 oil will comprise 27 per cent of
CAPP issues statement on Bill C-69 CAPP issues statement on Bill C-48
On June 20 the Canadian Senate opposition to Bill C-69.
passed Bill C-69, the The unprecedented number of On June 20, the Canadian pushed forward this
environmental assessment bill by a amendments the Senate Senate approved Bill-C-48, legislation. Bill C-48 does
vote of 57-37. CAPP has issued recommended to the bill, over 200 the Oil Tanker Moratorium nothing to address marine
the following statement: initially, and the waves of adamant Act by a vote of 49-46. CAPP safety and ensures that
“CAPP is very disappointed that opposition from all corners of the
the federal government has chosen country, are clear signs that Bill C- has issued the following foreign oil from OPEC
to ignore the strong feedback from 69 is a poor piece of legislation statement: nations and other hostile
Canadians and push through Bill that will harm Canada and cost regimes continues to be
C-69 without the full suite of jobs. Notably, those most in favour “The federal government’s shipped into Canada. Instead,
amendments initially approved by of this bill are foreign funded passing of the Oil Tanker it targets Canada’s energy
the Senate. This Bill was opposed activists intent on land locking Moratorium act is sector and blocks the
by Indigenous organizations and Canadian resources. We need to unacceptable. Bill C-48 was potential export of
some of Canada’s largest rebuild Canada’s reputation as a clearly opposed by responsibly-developed
industries that employ hundreds of place that welcomes international individuals across the country Canadian petroleum products
thousands of Canadians. It was trade and investment. Instead, Bill because they recognize it as to our trading partners in
opposed by individuals across the C-69 creates ambiguity and an unfair attack to land lock international markets. The
country who wrote thousands of uncertainty around future nation- Canadian oil at the expense result is self-inflicted damage
letters to senators and members of building projects which will drive of the Canadian economy. to the Canadian economy and
parliament, and engaged in senate investment out of Canada and After extensive consultations, more oil being used around
hearings. In addition, the prevent provinces from prospering a senate committee the world that lacks Canadian
governments of Quebec, Ontario, through the development of their recommended Bill C-48 be environmental and social
Alberta, Saskatchewan, Manitoba, valuable natural resources.” - Tim scrapped altogether; yet the standards.” - Tim McMillan,
New Brunswick, Nova Scotia, McMillan, President and CEO - Government of Canada President and CEO - CAPP
Newfoundland and the Northwest CAPP
Territories all voiced their
Build that pipeline...
