DeSmog
Sep 12, 2018 @ 09:00
Nearly all of the world’s largest 200 industrial companies have directly or indirectly opposed climate policy since the landmark Paris Agreement was signed three years ago, according to new research.
Analysis by InfluenceMap, a UK-based think tank, examined the lobbying activities of 200 of the world’s biggest companies and 75 of the most powerful trade groups and the links between them since December 2015.
It found that 30 percent of all companies analysed have directly lobbied against climate policy in the last three years and that 90 percent of them retain membership to trade associations which have actively opposed climate policy around the world.
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CALGARY – North America’s largest pipeline company Enbridge Inc. believes spending is projected to ramp back up in the oilsands, after taking a hit during the height of the COVID-19 pandemic.
“Did COVID change the oil markets? I think it did, yes,” Enbridge president and CEO Al Monaco said Wednesday at an investment conference hosted virtually by Scotiabank and the Canadian Association of Petroleum Producers.
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“It did drive consolidation, capital and operating discipline and that’s probably what the industry needed,” Monaco said, referring to a wave of mergers and acquisitions across the upstream oil and gas industry in recent months, including Cenovus Energy Inc.’s purchase of Husky Energy Inc., ARC Resources Ltd.’s purchase of Seven Generations Energy Ltd. as well as multiple deals by
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After taking on water last year like a leaky boat caught in a hurricane, the Canadian oilpatch has stabilized with benchmark crude prices bobbing around US$60 a barrel and a buoyant outlook for natural gas.
Yet, petroleum producers are remaining cautious when it comes to increasing capital budgets and boosting output levels in 2021.
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But Pembina Pipeline Corp. CEO Mick Dilger believes the days of higher spending and rising production are approaching.
REGINA Saskatchewan’s premier announced his intention to begin vaccinating employees across several industries as the province continues with its Vaccine Distribution Plan. Premier Scott Moe addressed this intention at the Canadian Association of Petroleum Producers (CAPP) Energy Symposium on Wednesday. Saskatchewan is considering “setting aside the age limit just to focus some vaccines on those folks that, in this [energy] industry and other industries that have worked safely throughout and for that we are forever grateful,” Moe told attendees of the symposium. At Wednesday’s COVID-19 update, Minister of Health Paul Merriman reinforced his belief that an age-based vaccine rollout is the province’s path to beating COVID-19.
Enbridge CEO Confident of Line 3 Completion in Minnesota by Year’s End
Enbridge Inc. still expects to complete and begin service by the end of the year on the contested $2.6 billion leg of the Canadian oil export pipeline now under construction across 240 miles in Minnesota, CEO Al Monaco said Wednesday.
“Work is on schedule” for Enbridge Line 3, Monaco said at a Scotiabank CAPP Energy Symposium held by the investment bank with the Canadian Association of Petroleum Producers. “We’re making sure we’re living up to the letter of the permits.”
Canadian exporters, led by the country’s top natural gas user, Alberta thermal oilsands production, are forecast to gain 370,000 b/d of capacity with the updated Enbridge system. The pipe construction replaces a 53-year-old system to enable higher operating pressure.