Alberta, Canada

IEEFA Research

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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Report: ‘A Constellation of Risks’: How Public Accountability Is Slowing Tar Sands Development

Material Risks: How public accountability is slowing tar sands development (pdf) By: Tom Sanzillo (IEEFA), Lorne Stockman (Oil Change International), Deborah Rogers (Energy Policy Forum), Hannah McKinnon (Oil Change International), Elizabeth Bast (Oil Change International), and Steve Kretzmann (Oil Change International)

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More News and Commentary

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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Latest Question for Exxon Investors: Are Oil-Sands Valuations Real?

Nicholas Kusntez for InsideClimate News: As oil prices have fallen over the past two years, Exxon has maintained that its tar sands reserves are safe. The position may put the company on shaky ground, said Tom Sanzillo, of the Institute for Energy Economics and Financial Analysis, which favors backing away from fossil fuels. “It is […]

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A Canadian Province Moves Aggressively Toward Development of a New Energy Economy

The Government of Alberta Embraces Renewables, Efficiency, a Carbon Tax, and a Plan to Systematically Close Coal-Fired Power Plants

Jason Chee-Alloy, an energy market analyst with PowerAdvisory LLC in Toronto, is out with a valuable overview of Alberta’s plan to transform its electricity grid to zero coal consumption by 2030. Chee-Alloy, in a presentation to UBS clients, has highlighted the simplicity and cost-effectiveness of the plan, which boils down to four points: Add renewables […]

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Alberta Scraps Fossil-Fuel Agenda

Gene Laverty for SNL: Alberta, Canada’s largest energy-producing province, will phase out within 15 years coal-fired generators that provide the bulk of its power, cap emissions from oil sands plants and introduce a carbon tax under sweeping changes to climate change policies. The provincial government program, announced Nov. 22 by Premier Rachel Notley, comes after […]

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Alberta’s New Government Pushes Energy Execs to Help Diversify Economy

From Reuters: Alberta’s left-leaning New Democratic Party (NDP) government said on Wednesday it was reaching out to prominent energy and other industry executives for advice to revamp the western Canadian province’s struggling economy. Alberta, home to Canada’s oil sands and the largest source of U.S. crude imports, has been hammered by tumbling global oil prices […]

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Poll: Two-Thirds of Alberta’s Residents Want a More Diversified Economy

From CBC News: More than half of Albertans want the province to adopt stronger climate change policies, even if that means oil-sands producers are faced with higher costs, a new poll suggests. Half of Albertans — 50 per cent — said they would support an economy-wide carbon tax, with 38 per cent opposed, according to […]

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Alberta’s Premier: Dim Future for Fossil Fuels

Laura Lorenzetti for Fortune: The leader of Alberta, Canada’s No. 1 oil-producing province, presented an early reveal of her new energy policy, one that aims to wean the region off fossil fuels within a century. Alberta premier Rachel Notley aims to slow climate change by cleaning up the tar sands, closing coal-fired plants and using […]

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‘How a Chinese Company Slipped on Canada’s Oil Sands’

Chester Dawson and Brian Spegele in the Wall Street Journal: China’s Cnooc Ltd. knew it was buying into trouble when it acquired Canada’s Nexen Inc. in 2013. It is now finding out just how much. Weeks after the state-controlled oil company bought Nexen for $15 billion, its executives were in Calgary with a blunt message […]

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Argonne National Laboratory Study: Oil Sands Produce 20 Percent More Carbon

From Deirdre Lockwood at Chemical Industry News: The oil sands of Canada’s Alberta province are one of the world’s largest oil reserves, currently producing the equivalent of 2 million barrels of crude oil per day. But it takes lots of energy to transform the heavy bitumen in the deposits, which is bound up with sand […]

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FT: ‘Leaner Times’ for Alberta’s Oil-Sands Towns

Gregory Meyer in the Financial Times: With the collapse in crude prices, energy companies have suspended or cancelled billions of dollars in new projects, thousands of workers have lost their jobs and voters ousted the party that ran the provincial government for 44 years. New projects in Canada’s oil sands need an average Brent crude […]

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