Questioning Borrowing for Savings Amid Limited Federal Revenues
Why would we borrow *more* to build a savings fund? Unless we're going to get our fiscal house in order and fund gov't spending differently, I don't understand the rationale here. Further, federal resource revenues are small. The vast majority of the revenues accrue to AB.
Chronic Pain Over 45: Endless Whack‑a‑Mole or Acceptance?
Does the 45+ "what is sore today" whack-a-mole end or do people just give up?
Canada’s Missteps Sink Energy East, Favor KXL
The process for Energy East had to be suspended when a TC consultant violated conflict of interest rules. It was then delayed again because TC changed the design. TC then cancelled the project to pursue KXL. Who do we blame?...
Canada Approved Keystone XL Fast; US Delays Keep It Unbuilt
The Canadian approval for Keystone XL was completed in a little more than a year, 15 years ago. It has been rejected, rejected, approved, rejected, and approved again in the US since that time. It remains unbuilt. It's proponent, TC...
US Blocks Keystone XL, Cancels Energy East to Focus Domestically
Keystone XL was approved on the Canadian side. The US rejected it multiple times. TC cancelled Energy East to double down on the US.
Minister Contradicts Himself on Diesel Carbon Tax Exemption
The FP talks here (11:20) about exemptions for diesel from the industrial carbon tax, and yet he published a piece in the Toronto Sun and elsewhere this week on trucking cost implications that assumed the industrial carbon tax applies to...
Media Misreports Diesel Carbon Price, Overstates Emission Costs
The media's go-to on all things food supply chain related missed a 21c/L drop in carbon prices on diesel fuel, and wrote an article on the implications of the no-longer-existent carbon price on combustion emissions increasing to 29c/L.
Carbon Diesel Tax Drop Disproves Linear Increase Assumption
Carbon price directly applied on diesel decreased by 21c/L from 2024-26. It was scheduled to increase to 29c/l. The Food Professor's math assumes that linear increase over time remained in effect. No, it's not the CFR or the industrial price,...
Google AI Repeats False $6k Trucking Cost Claim
Was pretty depressing to see how Google AI integrated the false $6000 per year number for trucking costs from the FP. Also mimicked the responses to calling it out: "it's the CFR", or "it's the industrial carbon tax." Once you...
Debate Highlights Misunderstood Assumptions Behind Carbon Tax Analysis
Me: this post assessing the impact of the industrial carbon tax is based on incorrect assumptions, incorrect math, or both. Internet: WHY ARE YOU CLAIMING THERE ARE NO TAXES? Me: There are, indeed, taxes and I have never claimed otherwise. Internet: Ha!...
Most Oil Sands Emissions Come From End‑User Combustion
For years, we talked about the wells-to-wheels emissions from oil sands to remind people that most of the emissions from refined products came from combustion by the end user and a small share was from the production and refining of...
FoodProfessor Misstates Carbon Tax Never Covered On-Farm Diesel
And we have the @FoodProfessor spreading more misinformation. The carbon tax has *never* applied to on-farm diesel. https://t.co/r23JyHnPNU
Carbon Pricing Impact Depends on Supply Chain Coverage
Quick explainer of how the Food Dude's math is wrong (again) today: when you think about the impact of carbon pricing on fuel costs (diesel in this case), what matters is which parts of the supply chain are covered and...
This Tweet Still Stands—Math on Carbon Pricing Unsettled
If you're placing bets on who is getting the math correct on carbon pricing, may I remind you that this tweet is still posted.
Misapplied Carbon Price Reveals Year‑long Calculation Error
Show your work, Sylvain. When you get to the part where you applied the $110/t carbon price to combustion emissions from diesel fuel, you'll have found your mistake. I really hope you'll spell it out so everyone can see that...
Linear Carbon Pricing Assumes Nonexistent Combustion Tax
This is going to be fun. Spoiler: the only way you get a linear relationship from 2023-26 is if you assume the carbon price applies to combustion emissions consistently over that period. Carbon price hasn't applied to combustion emissions since...
Diesel Tax Shift: Combustion Emissions Tax Gone, Production Charges Up
If you want to understand the issue w diesel prices, here's a graph of the emissions in a barrel of diesel from production to combustion. The changes in the last 13 months have eliminated the tax entirely on combustion emissions,...
Industrial Carbon Price Doesn't Raise Pump Diesel Cost
The industrial carbon price doesn't apply to diesel at the pump. If you think it adds 30c/l to the cost of production and refining (where it actually applies), you simply have no idea about the emissions profile of a litre...
Trucking Excluded From Industrial Carbon Pricing, Not Covered
Has he really been writing on this for a year thinking that trucking is covered by the industrial carbon pricing regime? They're not. Large, point source facilities are covered and that does not include trucks nor does it include most...
Quebec Taxes Diesel, Federal Carbon Price Spares Truckers
Quebec's carbon price applies to diesel fuel. The federal carbon price does not. Truckers, from the perspective of carbon pricing, were consumers. The carbon price for consumers was zero-rated a year ago.
Propose National Oil Company with Price Controls and Export Tax
Have you considered a policy that would implement a national oil company and price controls? Perhaps some form of export taxation to fund these activities?
Pipelines Now Seen as Catalyst for Increased Oil Output
In the last 15 years, we've gone from a pipeline discussion where pipelines don't matter because "the oil will get to market no matter what" (trying to squash Q's about induced ghg emissions, mostly) to "people will produce more oil...
Questioning Strategic Reserves Amid Low Export History
IEA reserve requirements set on the basis of national net imports. We're not a net importer. Our net exports were smaller during the CPC time in gov't. Was a strategic reserve built up during that period? Contemplated?
US Oil Imports Rebound to 1990 Levels, 2 M Bpd
US is still a net importer of about 2 million barrels per day of oil, roughly back to 1990 levels. https://t.co/p77J48rR7V
Pipelines:
Oil prices up? This is why we need more pipelines. Oil prices down? This is why we need more pipelines. Oil prices steady? This is why we need more pipelines. Sky blue? This is why we need more pipelines. Dark...
NEP Would've Guaranteed $80+ Oil Price For
Fun reminder: the National Energy Program would have locked-in a price of $63+ inflation from 1980 (capped if it exceeded global oil prices) for the Albian Sands oil sands project. If I'm not mistaken, the $80/bbl plus inflation price was...
MP Calls for Expanded Canadian Strategic Oil Reserves
I've come out of class to learn that the MP for Battle River - Crowfoot has proposed that Canada increase our strategic oil reserves to provide for resilience for oil-dependent regions from disruptions such as those we're seeing today? This...
Germany Built LNG Terminal in 194 Days; Canada Lags
Canada is looking to build export terminals, Pierre. They are more complicated. Why don't you ask Shell why they don't just build Phase 2 of LNG Canada in 200 days? Please try to help Canadians understand their energy sector rather...
Alberta’s Oil Outpaces Norway’s Fleeting Resource Boom
Cosh, on the Globe Ed Board Norwailing is excellent. I would add to his AB context that Norway too was expecting a very short-lived resource and their production has, indeed, declined from peak. AB is still hitting record production month...
CNRL Mines Free of Carbon Pricing Liabilities
There are other CNRL projects that have material carbon pricing liabilities, including at Jackfish and Primrose. The mines don't have that issue.
Did the Project Profit or Pay Under Carbon Pricing?
I'm sure Pierre checked whether this project made money or paid money under the industrial carbon pricing regime, right?
Long‑awaited LNG Licences, but Most Projects Never Materialized
A reminder: Douglas Channel Energy got its 20-yr LNG export licence in Feb 2012, Kitimat LNG received its export license in October 2011, and LNG Canada a 20-yr export licence in February 2013. None reached a final investment decision until...
LNG Terminals Need Long‑term Contracts, Not Spare Capacity
Why on earth would Canada (or anyone) have that much spare LNG capacity? The reason many terminals weren't built is because they couldn't secure long-term offtake deals. No one was building terminals on a purely merchant basis.
Provincial Environmental Rules Can Trump Federal Pipelines
So, for example, a province acting within its jurisdiction over matters of a local and private nature (e.g. local environmental protection) would be given priority over federal laws (e.g. pipeline construction) in the event of a conflict? https://t.co/83rqboK7pR
Norway to Raise Carbon Tax to $220 by 2030
"A key plank of Norway’s Climate Action Plan 2021-2030 is the gradual raising of its carbon tax to USD 220 per tonne of CO2 by 2030." Norway has had a carbon tax since the 1990s. That seems to escape the...
Norway’s Model: State‑Owned Resources, Low Taxes, EV Leadership
It's going to be hilarious when he learns anything about Norway. Taxes? National ownership of resource companies? EV policies? Saving rather than spending resource revenues? Which Norwegian counties are resource producing, and how much control do they have over...
NGP's Analysis and Design Assets May Be Monetized First
This. Plus they also have an asset in all of the NGP project analysis, engineering, and design. They might well choose to monetize that asset rather than (or prior to) building the pipeline.