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She said the province has to continue to oppose federal policies that impose significant additional costs on the oil and gas sector, with marginal environmental benefits in many cases. An example she gave was the Clean Fuel Standard, which she said will have a major impact on the energy and resource, agriculture and manufacturing sectors. It will also impact regular Canadians, heating their homes and filling their cars. “The Clean Fuel regulations will result in an estimated increase in gasoline costs of up to 11 cents per litre, and diesel costs of up to 13 cents per litre by 2030. That clearly hits where it hurts on transportation, certainly. In Saskatchewan, based on current consumption volumes, that impact equates to roughly $710 million on Saskatchewan residents by 2030, and they’re huge numbers: $400 million from diesel consumption, $310 million from gas consumption.”
The Canadian Association of Oilwell Drilling Contractors (CAODC) held a virtual town hall Feb. 9 with Saskatchewan Minister of Energy and Resources Bronwyn Eyre, speaking about items like how . . .
She said the province has to continue to oppose federal policies that impose significant additional costs on the oil and gas sector, with marginal environmental benefits in many cases. An example she gave was the Clean Fuel Standard, which she said will have a major impact on the energy and resource, agriculture and manufacturing sectors. It will also impact regular Canadians, heating their homes and filling their cars. “The Clean Fuel regulations will result in an estimated increase in gasoline costs of up to 11 cents per litre, and diesel costs of up to 13 cents per litre by 2030. That clearly hits where it hurts on transportation, certainly. In Saskatchewan, based on current consumption volumes, that impact equates to roughly $710 million on Saskatchewan residents by 2030, and they’re huge numbers: $400 million from diesel consumption, $310 million from gas consumption.”
Social distancing requirements mean things like the speed networking and in-person networking will not be able to take place, but this event will still seek to get information to its participants, according to Anderson. Eric Nuttal, partner and senior Portfolio Manager with Ninepoint Partners LP, is the keynote speaker. He recently spoke in a similar event held by the Canadian Association of Oilwell Drilling Contractors, providing a positive outlook for the oilpatch. Anderson noted that there’s a little broader focus, including things like lithium and hydrogen. All of those are being developed with oilfield services. The one-day online event will have speakers from oil producer Crescent Point Energy Corp., pipeline company TC Energy, refiner Federated Co-operative Limited, geothermal pioneer Deep Earth Energy Production, SaskEnergy, Prairie Lithium/LiEP Energy, Royal Helium, new micro-refinery Independent Energy Corporation, SaskPower on its Moose Jaw power plant, and hydrog