July 07, 2017

Affordable Energy News for July 7, 2017

Affordable Energy News for July 7, 2017

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Our great green re-education is being led by the very worst politicians possible: Lau

H.L. Mencken famously observed that “the urge to save humanity is almost always a false front for the urge to rule.” So Canadians should have sat up with alarm – for both their wallets and their freedom – after hearing Catherine McKenna, the federal minister of environment and climate change, declare on Twitter recently that after meeting Pope Francis, they had “agreed to work together to save our (planet)” (she actually used an emoji of the Earth). It is, of course, our money that she will be using for her green-spirited crusade, our lives that she wants to re-organize, and our minds she wants to re-educate. - National Post

 

More than 70 per cent of Sask. opposes carbon tax: study

Saskatchewan residents are the most opposed to a carbon tax in Canada, according to an Angus Reid Institute study. Seventy-one per cent of people in Saskatchewan said they oppose the federal government’s carbon tax plan, while 29% support a carbon tax. Alberta was the second most opposed province. Quebec was the only province in the survey with more support for the tax than opposition. Meanwhile, British Columbia had an even 50% support and opposition for the carbon tax. - CTV News

 

The world's leaders gather to make more empty promises about climate change: McParland

G20 leaders are meeting and climate change is once again the most pressing issue. Canada is totally on board and has made massive efforts to control our emissions and save our planet. Yet, despite all this commitment, we’re told the crisis remains very much at hand. The environment is still careening wildly towards a cliff. Fortunately, Canada will do its best to make up for the shortfall. - National Post

 

Renewable energy surges past nuclear for 1st time in decades

For the first time in decades, the United States got more electricity from renewable sources than nuclear power in March and April. The U.S. Energy Information Administration said Thursday that electricity production from utility-scale renewable sources exceeded nuclear generation in the most recent months for which data is available. That’s the first time renewable sources have outpaced nuclear since 1984. The growth in renewables was fueled by scores of new wind turbines and solar farms, as well as recent increases in hydroelectric power as a result of heavy snow and rain in Western states last winter. More than 60% of all utility-scale electricity generating capacity that came online last year was from wind and solar. Despite the growth in renewables, the U.S. still gets nearly two-thirds of its electricity from burning fossil fuels, primarily natural gas and coal. Nuclear and renewables account for roughly equal shares of the rest, each accounting for less than 20% of total output. - National Post

 

Apache sells off Canadian assets in nearly $1-billion strategic exit from country

Apache Corp. says it has sold its assets in British Columbia, Alberta and Saskatchewan for close to $1-billion in a strategic exit from Canada. - Financial Post

 

Albertans break summer electricity record, still far short of capacity

Albertans on Thursday broke a summer electricity use record, a mark rising in tandem with scorching temperatures. - Calgary Herald

 

Energy stocks suffering 'buyer's strike' as low oil prices threaten drilling activity

Oil and gas companies are suffering a “buyer’s strike” from investors amid weak commodity prices — with fears the outlook could deteriorate even further, analysts say. Oil and gas producers have seen their stock prices tumble. And the industry will likely see a decline in the pace of capital spending and drilling, analysts at Raymond James said in a new report. “There is a bit of a buyer’s strike right now,” said Jeremy McCrea, analyst at the investment bank, noting investors have been frustrated with failed attempts to bet on how low oil prices will go. - Calgary Herald

 

NB Power seeks to settle lawsuits over Point Lepreau refurbishment cost overruns

NB Power has agreed to negotiate with its insurers this fall to try and settle multi-million dollar claims for delays and cost overruns during the Point Lepreau refurbishment, even as the utility copes with ongoing performance problems at the rebuilt nuclear plant. New Brunswick Liberals campaigned in 2014 on also pressing Ottawa for compensation, given that AECL was a federal Crown corporation during the refurbishment, but have since declined to answer questions on the subject. - CBC

 


The United States

Could the U.S. Ever Ban Gas-Powered Cars Like France Wants to Do?

Could the United States implement a policy similar to France’s in banning vehicles that run on fossil-fuels? One problem is the country's mixed attitude towards climate change. There are some early adopters of electric vehicles. But that motivation wouldn't drive the 52% of Americans who don't believe human activity is changing the climate. Another issue is fully electric vehicles perform better in some environments than others. A study from Carnegie Mellon University published last year found that some electric cars can produce significantly more emissions than similar hybrid vehicles depending on factors like regional climate and local power generation methods. - Fortune

 

Volvo Says It Will Stop Designing Combustion-Engine Only Cars By 2019

Volvo said today that it would stop designing new combustion engine-only cars by 2019. The Swedish automaker, which is owned by Chinese parent company Zhejian Geely, said it would continue to produce its older models with traditional engines. The announcement makes Volvo the first major car company to announce a date for the end of combustion engine-only design.  - Forbes

 

An Abundance Of Riches? U.S. Natural Gas, Manufacturing And LNG Exports

Can U.S. shale gas support domestic manufacturing expansion while increasing U.S. LNG exports? In recent months, several industrial users of natural gas and some politicians in natural gas consuming states have questioned the open, free market approach to LNG trade taken by the Obama administration. They argue that unrestricted US LNG exports may hurt U.S. domestic users of natural gas, including both industry and retail consumers. - Forbes

 

Buffett's Berkshire to buy Texas power transmitter Oncor for $9-billion

Warren Buffett's Berkshire Hathaway is buying the Texas power transmitter Oncor for $9-billion, one of his biggest acquisitions. Oncor serves about 10-million people Texans. Oncor's parent company, Energy Future Holdings Corp. entered bankruptcy in 2014 facing more than $40-billion in debt after energy prices plunged. Berkshire Hathaway will acquire a reorganized Energy Future, ultimately leading to the buyout of Oncor, based in Dallas. - The Chicago Tribune  

 

Perry says coal-fired power plants important in U.S. future

U.S. Energy Secretary Rick Perry said Thursday that coal-fired power plants are important for the country's future, and he suggested that energy supply will spark demand. After touring a coal-fired power plant, Perry was asked about the economics of coal when natural gas is far cheaper. - Calgary Herald

 


Australia

Tesla to build giant battery in Australia amid energy crisis

Tesla announced on Friday it will build the world's largest lithium-ion battery in southern Australia, part of a bid to solve an energy crisis that has led to ongoing blackouts across the region. Tesla will partner with French renewable energy company Neoen to build the 100-megawatt battery farm in South Australia state, with Tesla CEO Elon Musk promising to deliver the system within 100 days of signing the contract or it will be free. - ABC News

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