TransAlta Corporation has introduced its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction.
Carbon pricing will help Canada reduce emissions but the reductions will fall short of the government's goal of a 30 percent reduction from 2005 levels by 2030, according to a joint report by The Conference Board of Canada and The Canadian Academy of Engineering. Trillions of dollars in investment spending on clean energy infrastructure and significant changes to the way Canadians consume energy will be needed to achieve deep emission reductions.
"Simply pricing carbon and moving away from fossil fuels are insufficient measures to achieve deep GHG emission reductions. And while technology and innovation will play a role in the long term, it can't get us to the 2030 target given the relatively short window available to develop and adopt these solutions," said Louis Thériault, Vice-President, Industry Strategy and Public Policy, The Conference Board of Canada. "Given that the required investment will be in the trillions of dollars, policy makers need to communicate to Canadians the scale of how this transformation will impact everyday lives."
The report, The Cost of a Cleaner Future, examines the impacts of carbon pricing and of the investments required to help Canada achieve significant emission reductions. It finds that even if carbon taxes were to reach $200 per tonne by 2025, this would only result in a 1.5 percent reduction in GHG emissions outside of the power generation sector. The analysis also suggests that pricing carbon will have only a modestly negative affect on the economy. Introducing a carbon tax will lead to higher prices across the economy, which will reduce Canadians' purchasing power. Assuming a carbon tax of $80 per tonne in 2025, the average annual cost to a Canadian household would be approximately $2,000. The largest price increases will be in natural gas, gasoline, and electricity. Final consumer prices for natural gas would increase by as much as 60 percent if carbon was taxed at $200 per tonne.
Additionally, business investment and trade volumes would also be impacted by carbon taxes through the forecast period. Most industries' exports would decline as higher production prices reduce their competitiveness. A lower Canadian dollar should help trade sensitive sectors. However, industries with a domestic focus and sensitivity to price changes, such as residential construction, will be hard hit. Carbon tax revenues would add significantly to government coffers but the revenue collected is expected to be put back into the economy through tax cuts and higher public spending and investment. The assumption that carbon revenues will be recycled into the economy is the key reason why the total impact on the economy is small.
This research also quantified the economic impacts of making deep GHG emission reductions. The investment requirements are based on The Canadian Academy of Engineering's Trottier Energy Futures Project analysis, which outlines several technical pathways for Canada to achieve 30 to 60 percent reductions in GHG by 2050. Bringing emissions 30 percent below 1990 levels by 2050 leaves us far away from hitting our Paris Agreement target, while a 60 percent reduction brings us closer to that target.
The most investment intensive scenario achieves a 60 percent reduction in emissions and will require $3.4 trillion in new investments between now and 2050. That is about $100 billion annually or about half of current non-residential business investment in Canada. More than half of the investment would be directed towards power generation to enable an electrification of Canada's economy.
Given that Canada is fast approaching its economic capacity, however, the Canadian economy would be challenged to absorb these new investments, which are expected to crowd out spending in other areas of the economy.
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A strong economy depends on a healthy environment. The Government of Canada is enshrining in law better rules for major projects that protect the environment and communities, advance reconciliation with Indigenous peoples, and ensure good projects can go forward, creating good jobs and economic opportunities for middle-class Canadians.
In the contentious and often polarized debate around energy issues, Canadians now have a new online tool to get the facts about liquefied natural gas (LNG), a fuel that is set to become the second leading energy source worldwide by 2040.
Canada's transition to low-emission energy sources is underway but it remains one of the most emission-intensive nations in the world, according to a new report released by the National Energy Board.
British Columbia's Regional District of Fraser-Fort George (RDFFG) has announced approval in principle for an agreement where FortisBC will purchase landfill gas from the Foothills Boulevard Regional Landfill to purify and inject the gas into its natural gas distribution system as Renewable Natural Gas (RNG).
MGX Minerals Inc. and engineering partner PurLucid Treatment Solutions are pleased to report a second deployment of an advanced wastewater treatment system is near completion and commissioning is expected shortly. The system is capable of processing up to 10 cubic metres per hour. The system will significantly reduce greenhouse gases through energy savings on steam generation. The technology provides superior treatment outcomes when compared to conventional technology which requires offsite trucking and high cost (due to toxicity) disposal.
BossTek has updated its family of self-powered dust suppression equipment with Tier IV Final-compliant generators, ensuring compliance in all 50 states and Canada. BossTek made the announcement with the debut of the new DustBoss DB-60 Fusion, a field-proven suppression system driven by a high-reliability 25 HP electric motor and paired with a gen set powered by a heavy-duty 4-cycle indirect injection diesel engine. Designed, engineered and assembled in the USA, the generator features a dual-containment fuel cell, heavy gauge lockable enclosure and oversized brushless alternator for easy starting.
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The Joint Review Panel established to review the proposed Frontier Oil Sands Mine Project (the Project) and conduct an assessment of the environmental effects of the Project has determined that the proponent, Teck Resources Limited (Teck), has provided sufficient information for the Panel to hold a public hearing for the Project.
Cleansorb, a leading provider of chemical well treatments that enhance hydrocarbon production for the international oil and gas industry, is helping a major operator to enhance recovery from a maturing field offshore U.K.
Cutting back on Canada's biggest source of greenhouse gas (GHG) emissions will pose significant challenges for its oil and gas sector but is essential to making good on the country's commitment to fight climate change, the Senate Committee on Energy, the Environment and Natural Resources said in a new report.
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The Canadian Environmental Assessment Agency (the Agency) has commenced a federal environmental assessment for the proposed Newfoundland Orphan Basin Exploration Drilling Project, located 350 kilometres east of St. John's, Newfoundland and Labrador, in the Atlantic Ocean.
Newalta Corporation and Tervita Corporation, a private Alberta-based energy-focused waste and environmental services company, are pleased to announce that they have entered into an arrangement agreement to combine their businesses and create a leading publicly traded energy-focused environmental solutions provider in Canada providing waste processing, treating, recycling and disposal services to customers in the oil and gas, mining and industrial sectors. The transaction, which will result in the merger of Newalta and Tervita under the name Tervita Corporation, is expected to provide significant scale, resources and future growth opportunities.
The government of B.C. is seeking input from British Columbians on its next steps to protect the province's land, coast and waters from oil spills.
The federal government is proposing new rules for the review of major projects, and a replacement of the National Energy Board with a new Energy Regulator to review energy-related projects.
Vertex Resource Group Ltd. has acquired the business of Sonic Oilfield Services Ltd., an environmental services company that provides pressure trucks, fluid hauling, chemical and KCL products in Saskatchewan. Sonic's well maintained fleet is used to serve the drilling, completions, production and facility needs of clients operating within Kindersley and Weyburn, Saskatchewan.
There are many challenges to managing landfill gas well field operation. QED Environmental Systems, a manufacturer of landfill liquid pumps and LFG control products, conducted a survey of landfill gas well field operators, asking them to report the most significant challenges they have encountered in the field. The most commonly reported challenges were odor control and maintaining compliance with landfill gas surface emission regulations. These issues were followed by a host of others, including avoiding NSPS exceedances for pressure, temperature, and oxygen, maximizing landfill gas (LFG) energy content, maintaining a steady vacuum across all wells, managing liquids to avoid accumulation in wells and system piping, and controlling air leaks at the wellhead, rubber couplings, and flex hoses. The challenges faced by LFG well field operators are numerous and diverse. However, LFG operators agree that all of the common challenges listed above can be summarized into one objective: to maximize gas collection efficiency while maintaining regulatory compliance, all at the lowest possible cost. With this singular objective in mind, let us review some LFG well field technologies and limitations.
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Suncor has taken its first steps in the regulatory process to replace coke-fired boilers with two cogeneration units at its Oil Sands Base Plant as a part of its plan to remain globally cost and carbon competitive. In addition to providing the facility with steam needed for its operations, the cogeneration units are expected to export approximately 700 megawatts (MW) of electricity to the provincial grid, equivalent to roughly seven per cent of Alberta's current electricity demand.
As Canada transitions to a low-carbon future, investments in clean technology are building a stronger economy, creating new middle-class jobs and driving sustainable prosperity.
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Shell has launched a methane detector pilot at one of its shale gas sites near Rocky Mountain House in Alberta, Canada. The pilot test is part of a wider multi-stakeholder initiative called the Methane Detectors Challenge, a partnership between Environmental Defense Fund (EDF), oil and gas companies, US government agencies and technology developers to test next generation methane detection technologies. The initiative aims to enable better early detection and repair of methane leaks, and ultimately reduce emissions. While detection technologies and processes are already in place across the oil and gas industry, more technical innovation is desired.
ProSep, a technology and service provider for integrated process solutions, has announced a major milestone achievement for one of its proprietary produced water treatments, Osorb Media, a revolutionary, re-generable, modified organo-silica used for polishing oilfield water and gas streams. ProSep has secured a multi-million dollar order for this water treatment system, which is a momentous breakthrough for this technology that has been in a developmental phase for the past seven years.
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A new methane industry report by Blue Green Canada shows Alberta is far better off putting in place its own stronger provincial methane emissions regulations and adopting them right away rather than waiting until 2023 for the Federal government's draft methane regulations to come into effect.
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The Joint Review Panel assessing the proposed Frontier Oil Sands Mine Project is seeking public comments on the responses to the information request issued by the Panel. The responses were submitted by the proponent, Teck Resources Ltd.