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GLOBAL

AIRLINES ASK PASSENGERS TO SUBSIDISE GREEN FUEL TO HELP CUT EMISSIONS Selling flights during a global pandemic is not easy, never mind asking passengers to subsidize the fuel bill. But airlines such as SAS and Lufthansa are doing exactly that in a bid to reduce carbon emissions. They are offering passengers the option to offset emissions from their flights with contributions to the cost of using sustainable fuel, which is less polluting than traditional kerosene over its life cycle, but also significantly more expensive. IEA CUTS OIL-DEMAND FORECASTS AS AIR TRAVEL OUTLOOK DARKENS The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced estimates for almost every quarter through to the end of 2021, with the second half of this year taking the steepest downgrades. Air travel remained two-thirds lower than last year in July, normally a peak month because of holiday flying, it said in a monthly report. THE ELECTRIC VEHICLE BUBBLE, MINUS TESLA, HAS ‘STARTED TO BURST,’ JIM CRAMER SAYS Wall Street’s craze for electric vehicle stocks is coming to an end after valuations ballooned to levels that are unwarranted, CNBC’s Jim Cramer said August 4. That is with the exception of Tesla, the Elon Muskhelmed electric-vehicle company whose stock price has increased fourfold from its low point in March. THE DIRTY SECRETS OF ‘CLEAN’ ELECTRIC VEHICLES The widespread view that fossil fuels are “dirty” and renewables such as wind and solar energy and electric vehicles are “clean” has become a fixture of mainstream media and policy assumptions across the political spectrum in developed countries, perhaps with the exception of the Trump-led U.S. administration.

IT’S HARDER THAN YOU THINK TO STOP USING FOSSIL FUELS Efforts to ween the economy off of fossil fuels and onto more renewable energy to address climate change face significant technological hurdles beyond the economic impacts of such a transition.

DEUTSCHE BANK SAYS IT WON'T BACK ANY NEW OIL SANDS OR COAL PROJECTS Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oil sands projects.

TOTAL 'VIRTUE SIGNALLING' BY WRITING OFF OIL SANDS ASSETS: CAPP CEO French energy giant Total is virtue signalling with its move to write off billions of dollars worth of oil sands assets in Alberta, according to the president and CEO of Canadian Association of Petroleum Producers (CAPP).

THE DRILLDOWN: O’TOOLE’S VICTORY GIVES OIL PATCH A STRONG ALLY IN OTTAWA The election of Erin O’Toole as Conservative Party leader was welcomed by the top political leader of Canada’s oil patch. After hours of delays caused by technical glitches, O’Toole was elected leader on the third ballot. Alberta Premier Jason Kenney had endorsed him at the start of the campaign.

UNITED STATES

HUSKY ENERGY DONATES $50K TO SUPERIOR FIRE DEPARTMENT The Superior Fire Department received a cheque for $50,000 from Husky Energy Thursday, Aug. 13, at SFD headquarters. The money is going to be used along with other money from the department's other industrial partners to upgrade the new ladder truck that will be ordered soon.

KEYSTONE XL PUTS JOE BIDEN ON HOT SEAT BY STRIKING DEAL WITH FOUR LABOUR UNIONS Keystone XL has struck a deal with four leading unions to build the Alberta-to-Nebraska oil pipeline, creating a potential headache for former Vice President Joseph R. Biden, who has vowed to kill the project even as he woos the labour vote. BABCOCK & WILCOX TO INSTALL EFFICIENCYIMPROVING TECHNOLOGY FOR OIL SANDS BOILERS Babcock & Wilcox Enterprises, Inc. announced on July 27 that it continues to expand its role in the petrochemical industry with a contract to install new economizers for two B&W TSSG™ natural gas-fired boilers at an oil sands project in Alberta, Canada. The project, which was awarded to a subsidiary, is valued at more than $4 million.

TC ENERGY SAYS NEW U.S. PERMIT TO BOOST KEYSTONE PIPELINE OIL EXPORTS BY NEXT The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system. THE DRILLDOWN: TRUMP ADMINISTRATION APPROVES PERMIT FOR KEYSTONE PIPELINE TO INCREASE CAPACITY TO 760,000 BPD U.S. President Donald Trump approved a permit for TC Energy Corp. on July 29 to expand the capacity of the Keystone pipeline by 170,000 barrels per day (bpd) to 760,000 bpd from Alberta to the U.S. Gulf Coast.

NATIONAL

CANADIAN OIL EXPANSION HINGES ON EMISSION CUTS TO DRAW INVESTORS: MINISTER

Canada needs to sharply reduce greenhouse gas emissions from oil and gas production if the country expects to attract investment necessary to expand output, Canadian Natural Resources Minister Seamus O’Regan said on August 11.

FEDERAL ENVIRONMENT MINISTER SUPPORTS GIVING N.W.T. A SEAT ON OIL SANDS OVERSIGHT COMMITTEE The federal environment minister says he supports giving the N.W.T. a seat at the table when it comes to environmental and water monitoring in Alberta's oil sands. The comments come after Alberta and the federal government signed a deal to make major cuts to environmental monitoring of the oil sands due to the pandemic. As a result, the budget was reduced for fieldwork on the main branch of the Athabasca River which flows downstream into the Northwest Territories.

GLOBE CLIMATE NEWSLETTER: ALBERTA IS HAVING A MOMENT WITH EUROPE IN ADDRESSING CLIMATE RISKS Many European companies and countries are seen as leaders in the energy transition and addressing climate risks in their portfolios and assets. So, it should come as little surprise that some of these companies are reconsidering their stakes as another crisis – a global pandemic – has triggered a massive drop in demand for crude. Not to mention the pressure being put to bear on those companies by investors around environmental, social, and governance (ESG) issues.

ALBERTA, OTTAWA REDUCE OIL SANDS ENVIRONMENTAL MONITORING BUDGET DUE TO COVID-19 PANDEMIC Alberta has come to an agreement with the federal government that makes major cuts to environmental monitoring of the oil sands. The deal, a copy of which has been obtained by The Canadian Press, lays out research plans for this year’s field season under a federal-provincial program that oversees all monitoring of the area outside of company leases. GLOBE CLIMATE NEWSLETTER: WITHOUT ALBERTA, CANADA CAN’T HIT ITS GOAL OF NET-ZERO EMISSIONS BY 2050, NATURAL RESOURCES MINSTER SAYS Natural Resources Minister Seamus O’Regan has issued a mighty challenge to Canada’s oil and gas sector to embrace the technological innovations that will help the industry and the country reduce greenhouse gas emissions to net zero by 2050.

OIL LOBBY GROUP WANTS CHANGES TO FEDERAL SUPPORT PROGRAMS Canada’s oil and gas producers say a series of federal liquidity support programs designed to help the sector through a pandemic-caused crisis are ineffective and overly prescriptive.

DOVER FUELING SOLUTIONS LAUNCHES USER EXPERIENCE PLATFORM Dover Fueling Solutions (DFS) announced the launch of its highly anticipated DFS Anthem UX user experience platform. This revolutionary user experience platform is making its debut in North America on DFS’ Wayne Ovation fuel dispenser. Featuring a 27” touchscreen display, super-intuitive functionality, personalized content, multi-language selection, and multiple media options through DX Promote, part of the DFS DX connected solutions platform, the Anthem UX platform introduces consumers to a new kind of fueling experience. FOSSIL FUEL GIANT FACES UPHILL PUSH TO BUILD GREEN MEGA-PROJECT: DON PITTIS TC Energy turns its skills to pumped hydro to create new value from existing power plants. Unlike other projects to store cheap electricity and release it during periods of high demand, the current proposal by TC Energy, the Keystone pipeline builder, is more than just a green experiment. A $91 BILLION ASSET MANAGER DUMPS EXXON, CHEVRON ON CLIMATE Norwegian life insurer Storebrand ASA has beefed up its climate policy, leading it to exit oil giants Exxon Mobil Corp. and Chevron Corp. and accelerate a full divestment from coal.

WESTERN REGION

B.C. INTRODUCES MANDATORY PRICE REPORTING FOR WHOLESALE GAS MARKET The province will soon require gas companies to share their wholesale prices in an effort to create more transparency surrounding fuel prices. Any company that imports, purchases, stores, or distributes gas and diesel at gas stations will need to regularly report information like storage capacity and wholesale prices to the British Columbia Utilities Commission.

HOME OF THE OIL SANDS EYES CLEANER FUTURE AS HYDROGEN SUPERPOWER The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands. Better known for energy companies that have been blacklisted by the Church of England for their emissions-intensive crude, the oil-rich Canadian province has attracted a growing group of researchers and entrepreneurs betting that the region's vast resources can turn it into one of the world's largest hydrogen suppliers. And they're about to get some backing from federal and local governments. ALBERTA TO JOIN THREE OTHER PROVINCES IN EXPLORING SMALL-SCALE NUCLEAR TECHNOLOGY Alberta is the fourth province to say it will help explore emerging, small-scale nuclear power technology. Premier Jason Kenney has signalled the intent for Alberta to enter into a memorandum of understanding with Ontario, Saskatchewan, and New Brunswick to support the development of small modular reactors, the government said on August 7.

ALBERTA INQUIRY INTO FUNDING OF FOREIGN ENVIRONMENTAL GROUPS ALTERS COURSE AGAIN

Alberta’s publicly-funded inquiry into the alleged foreign financing of environmental groups has been tweaked again, suggesting it could target even more grassroots charities. The Public Inquiry into Anti-Alberta Energy Campaigns was launched in July 2019 with an initial price tag of $2.5 million to look into “anti-Alberta” energy campaigns that are financially supported by foreign organizations bent on hurting the Alberta oil and gas industry.

A U.S. $433B MISSED OPPORTUNITY HAUNTS CANADA'S OIL HEARTLAND

If any place in North America should have been prepared for the crash in oil prices, it’s petroleum-rich Alberta, the Saudi Arabia of Canada. Back in 1976, Alberta’s government established a special fund to save some of its oil and gas revenue for leaner times when prices dropped or resources ran dry. For decades, royalties poured into Alberta’s coffers, with the gusher accelerating in the boom of the early 2000s as the province developed its vast oil-sands reserves, the world’s third-largest oil resource.

ALBERTA GOVERNMENT ANNOUNCES $10M INVESTMENT IN EMISSION REDUCTION PROGRAMS

The provincial government announced a burst of funding for three emission reduction projects in Alberta on August 5. A total of $10 million will be handed out to three different groups that are running projects aiming to improve emissions in Alberta, including using artificial intelligence capabilities.

HUSKY TARGETS 25% GHG EMISSIONS INTENSITY CUT, VOWS TO HIRE MORE FEMALE LEADERS

Husky Energy Inc. is setting a short-term emissions intensity reduction target as a preliminary step as it works on a way to achieve net zero emissions by 2050. In its 2020 environmental, social and governance report, it calls for a 25 per cent emissions per barrel reduction by 2025, noting it is a "start" while it invests in new technologies and carbon offsets to reach its longer-term goal. Husky also announced a gender diversity commitment to have 25 per cent of its senior leadership roles occupied by women. OPINION | AN OFFER ALBERTA COULDN'T REFUSE When Jason Kenney tabled the report from his "fair deal panel" last month, it effectively opened a new front in his own long-running conflict with the federal Liberal government. But the latest results from a long-running survey on Canadian attitudes from the Environics Institute suggests he might want to reconsider this particular fight. This column is an opinion from Max Fawcett, a freelance writer and the former editor of Alberta Oil magazine.

HYDROGEN-INJECTED NATURAL GAS TO HEAT HOMES IN ALBERTA CITY NEXT YEAR Homes in Fort Saskatchewan, Alta., are to be warmed with natural gas blended with hydrogen beginning next year, a "first step" amid efforts to diversify the province's energy sector and potentially reduce carbon emissions. Canadian Utilities said about 5,000 customers will start using the blended gas, which will include up to five per cent hydrogen, after construction wraps up in the summer of 2021.

ONTARIO / QUÉBEC REGION

OVER $47 MILLION INVESTED IN KINGSTON’S PUBLIC AND ACTIVE TRANSPORTATION Mayor Bryan Paterson, MP Mark Gerretsen, MPP Ian Arthur, and Catherine McKenna, Minister of Infrastructure and Communities came together in Springer Market Square and were joined by Ontario’s Minister of Infrastructure, Laurie Scott, via video feed for a large, tri-government funding announcement regarding both public transportation and active transportation infrastructure. The combined funding announced totals over $47 million, according to the City of Kingston.

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