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Welcome to Net Zero, your daily industry brief on clean energy and Canadian-resource politics.
The Lead
According to a new report from Environics Research, 37 per cent of Canadians think the federal government’s implementation of its net-zero-emissions plan is “poor,” while 25 per cent say it’s “good.”
The findings were gathered from an online survey of 3,457 Canadians age 18 and over, and from 20 online focus groups.
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iPolitics By iPolitics. Published on May 13, 2021 12:00pm
The Lead
Colonial Pipeline announced on Wednesday that it has resumed operations six days after a ransomware attack prompted the largest U.S. pipeline to shut down. The closure caused fuel shortages across the U.S. and saw several states, including Georgia, North Carolina, and Florida, declare a state of emergency.
Colonial halted 2.5 million barrels per day of shipments of gasoline, diesel and jet fuel last Friday, after what is being described as the most disruptive cyberattack ever on U.S. energy infrastructure.
The FBI has accused a criminal gang called DarkSide of the ransomware attack. The group, believed to be based in Russia or Eastern Europe, has not come forward to take responsibility for the Colonial hack, but on Wednesday DarkSide claimed to have breached systems at three other companies, including an Illinois tech firm. BBC News has that story.
Image source: Getty Images
The North American energy sector has suffered from some major disruptions in the month of May. Last week, the Colonial Pipeline, the biggest fuel line in the United States, was hit with a ransomware cyberattack. This massive pipeline supplies nearly 50% of the east coast with fuel. The news raised alarms for political leaders and, in some areas, led to gas hoarding. This event has stirred volatility.
Suncor(TSX:SU)(NYSE:SU), one of the largest integrated oil producers in Canada, saw its stock drop 2% yesterday. However, it is already on the rebound as of late-morning trading on May 12.