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GLOBAL

THE WORLD’S TOP ENERGY AGENCY IS PRESSING FOR AGGRESSIVE CARBON CUTS The world’s most authoritative body of energy analysts, the International Energy Agency, has found in its annual flagship report that the world is headed toward global warming higher than the Paris Agreement’s most aggressive limit of 1.5°C. The agency, long known for its expertise in fossil fuels, lays out a path for countries to move toward using more renewable energy on an aggressive timeline. Getting fossil fuels substantially out of the energy system, it says, would cost 25% more than the $54 trillion the world is already expected to invest by 2040. WIND, SOLAR ARE CHEAPEST POWER SOURCE IN MOST PLACES, BNEF SAYS Wind and solar power are the cheapest form of new electricity in most of the world today. That’s the analysis of BloombergNEF, which predicts a tipping point in five years when it will be more expensive to operate an existing coal or natural gas power plant than to build new solar or wind farms. The findings add to research showing why renewables are spreading in most power markets. Last week, the International Energy Agency said solar is starting to take over from coal as the cheapest form of electricity.

UNITED STATES

HOW THE U.S. ELECTION OUTCOME COULD AFFECT CANADA'S ENVIRONMENT AND ENERGY FUTURE This story is part of a five-part series looking at how the policies of the two U.S. presidential candidates, Joe Biden and Donald Trump, differ when it comes to the major issues of interest to Canada, including energy, defence, trade and immigration.

FEDERAL COURT UPHOLDS KEYSTONE XL BORDER-CROSSING PERMIT A federal district court has denied ongoing legal challenges to the Trump administration’s 2019 approval of TC Energy Corp.’s Keystone XL oil pipeline. In separate orders handed down late October 16, Chief District Judge Brian Morris of the U.S. District Court for Montana denied requests filed by tribal and environmental groups seeking a preliminary injunction and temporary restraining order for the controversial project. GILBARCO INTRODUCES FLEET VEHICLE CHARGER Gilbarco Veeder-Root is rolling out the Amps2Go Series F7, which complements Gilbarco’s existing charging products and marks another step in making electric-vehicle charging broadly accessible to its commercial and industrial customers.

TRUMP ISSUES PERMIT FOR RAILWAY TO RUN FROM ALBERTA OIL SANDS TO ALASKA PORTS U.S. President Donald Trump has issued a presidential permit for a private-sector proposal to build a railway from Canada’s oil sands to ports in Alaska, a project that still faces numerous hurdles.

NATIONAL

THE DRILLDOWN: OTTAWA APPROVES $2.3-BILLION NOVA GAS PIPELINE EXPANSION The federal government has approved the expansion of the NOVA Gas Transmission Ltd. pipeline system, claiming it will contribute nearly $1.2 billion to Alberta’s economy and create thousands of jobs. In a statement released on October 20, Natural Resources Minister Seamus O’Regan said that wildlife, the environment, and the potential impact on Indigenous communities were all considered in Ottawa’s approval. JONATHAN WILKINSON ON CANADA’S BIG NEW CLIMATE CHANGE PLAN After the 2019 election was fought largely on questions of energy, the environment and climate change, many voters were probably expecting Jonathan Wilkinson, the new Liberal environment minister, to emerge as a significant figure in Canadian politics. But it’s been a strange year. After a long spring and summer of adjusting and consulting, the North Vancouver MP is only beginning to take on that more prominent role. ONTARIO, ALBERTA FACE A GROWING SPLIT AS ECONOMIC INTERESTS DIVERGE OVER FOSSIL FUELS

The people in charge of investing your money for the long term are in the throes of a wrenching internal conflict that is reshaping Canada and the world. While new federal incentives for low-carbon investment as part of a COVID-19 recovery play a part, those in the know say the private sector is already embroiled in its own painful energy investment transition. Part of the agony of the split in this country is that it inflames the long-term political fault line between those regions that depend on the oil and gas sector for their livelihood and those that don't.

OPINION: TRUDEAU'S SECOND CARBON TAX COMING AT WORST POSSIBLE TIME

Whenever Prime Minister Justin Trudeau wants to solve a problem, his solution can’t be to hit families and businesses struggling to get by with even more costs. Yet, that’s exactly the approach Trudeau is taking with his second carbon tax. ~ An opinion piece by Aaron Wudrick, Federal Director, and Franco Terrazzano, Alberta Director of the Canadian Taxpayers Federation.

WESTERN REGION

ALBERTA PREMIER SAYS RESOURCE PROJECT FINANCING DEPENDS ON CLIMATE PROGRESS

Jason Kenney says access to capital for projects in the oil and gas industry requires action on environmental issues from industry and government, a statement that marks a major shift in tone for the Alberta premier.

ALBERTA WAR ROOM SET TO RAMP UP PROOILSANDS ADVERTISING AFTER SIX-MONTH LULL, JASON KENNEY SAYS AT PARTY AGM

Alberta’s controversial war room will be ramping back up its pro-oilsands advertising soon, Premier Jason Kenney said in a virtual question-and-answer session during the UCP annual general meeting on October 17.

ALBERTA ANNOUNCES PLANS TO EXPORT HYDROGEN BY 2040 Alberta will look to use its plentiful natural gas reserves to become an exporter of hydrogen, a clean-burning fuel, by 2040, Premier Jason Kenney said on October 6. The pandemic has hit Alberta’s oil industry hard, as travel restrictions crushed demand for fuel. The province’s struggles date back years, however, as the oil sands’ high emissions made it a target for environmental activists and have led to some investors, banks, and insurers cutting ties with the industry. VARCOE: NATURAL GAS FUELS ALBERTA PLANS FOR ENERGY FUTURE Alberta’s new natural gas strategy has something old, something new, and even something blue — blue hydrogen — in its plans. The roadmap does have bold aspirations and lays out a big reward at the end of the journey, although it will require more work in the years ahead to detail exactly how Alberta will get there. KENAN ADVANTAGE GROUP BUYS PAUL’S HAULING The Kenan Advantage Group (KAG) has continued its expansion into the Canadian market with its purchase of Paul’s Hauling. The acquisition was made through its Canadian subsidiary KAG Canada/RTL Westcan.

SASK. FIRST NATION TO BE PART-OWNER OF KEYSTONE XL PIPELINE A Saskatchewan First Nation in Treaty 4 territory has signed on to be part-owner of TC Energy’s yet-to-becompleted, long-contested Keystone XL pipeline, more than 160 kilometres of which are to pass through the southwest corner of the province. The Nekaneet Cree Nation, west of Swift Current and south of Maple Creek, is one of five signatories to the Memorandum of Understanding announced recently. ALBERTA INTENDS TO CLEAR HURDLES FOR DEVELOPMENT OF CLEAN GEOTHERMAL ENERGY Alberta’s energy minister says the province intends to clear hurdles to the development of clean geothermal energy. Sonya Savage said the United Conservative government plans to bring in legislation this fall to set the stage for further development of geothermal energy, which comes from heat beneath the earth. 'THIS TRULY IS A JOBS CRISIS,' SAYS KENNEY AS SUNCOR ANNOUNCES IT WILL ELIMINATE UP TO 15 PER CENT OF STAFF

Suncor Energy has announced plans to eliminate up to 15 per cent of its workforce, a move that could affect up to 2,000 jobs and which prompted Premier Jason Kenney to plead with the federal government as well as energy companies themselves to do all they can to staunch the economic bleeding in Alberta.

VARCOE: DESPITE COVID IMPACT, CANADA WILL NEED MORE PIPELINES FOR OILPATCH TO GROW

A global pandemic and oil price crash have left some of Canada’s oil pipelines running less than full for the first time in years, although the world will need more energy as the economy recovers and demand bounces back. That’s why it is important the country touts its environmental, social, and governance performance as it seeks to attract new investment, expand oil and natural gas production, and get pipelines built, said Chris Bloomer, CEO of the Canadian Energy Pipeline Association.

ONTARIO / QUÉBEC REGION

LIBERALS TOUT ELECTRIC-VEHICLE MANUFACTURING AS ‘CRITICAL PIECE’ OF CLIMATE PLAN

Environment and Climate Change Minister Jonathan Wilkinson says the federal government’s investment in battery-electric vehicle manufacturing in Ontario, announced on October 8, is a “critical piece” of the Liberals’ plan to cut carbon pollution.

ONTARIO WILL NOT APPEAL JUDGE'S RULING AGAINST CARBON TAX STICKERS, MINISTER SAYS

Ontario will not appeal a court ruling against its anti-carbon tax stickers, the government said on October 1, putting an end to an 18-month political and legal battle between Ottawa and the province. Last month, a Superior Court judge struck down a law that forced Ontario gas stations to display the stickers, calling it unconstitutional. Energy Minister Greg Rickford said the province will abide by that decision.

HERE'S WHAT COULD HAPPEN IF THE COME BY CHANCE REFINERY SHUTS ITS DOORS North Atlantic Refinery Ltd. said it's considering all options, including cutting costs, before ending operations. Irving Oil, which had been considering buying the refinery, recently walked away from a deal, leaving the company floundering. OTTAWA, NEWFOUNDLAND POUR CASH SUPPORT INTO OFFSHORE ENERGY SECTOR Ottawa hasn’t ruled out supporting the expansion of Husky Energy Inc.'s White Rose offshore oil rig, as it injects $320-million into the Newfoundland and Labrador energy sector. Natural Resources Minister Seamus O’Regan said in St. John’s on September 25 that the money will go toward clean technology, environmental upgrades, and research and development.

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