NEWS UPDATES

President Joe Biden is set to order the moratorium on Wednesday, according to sources familiar with his plans. The halt on new leases would apply to federal land and water, but wouldn’t affect exciting leases. The move is expected to be a prominent part in a series of climate actions the President is to take on Wednesday.

GENERAL MOTORS PARTNERS WITH NAVISTAR TO SUPPLY FUEL-CELL TECHNOLOGY FOR NEW SEMITRUCK

GM will supply Navistar International with fuel-cell electric vehicle technology for a semitruck. The companies are billing the collaboration as part of a complete solution for customers. The deal includes privately held hydrogen-fuel company OneH2, which will be responsible for hydrogen production, storage, delivery and safety to fuel the truck.

NATIONAL

DEPUTY PRIME MINISTER FREELAND RESPONSE TO STRENGTHENING OF BUY AMERICAN

U.S. President Joe Biden signs an executive order to strengthen Buy American provisions. Freeland insisted that the Canadian government knows ‘how to deal with’ American protectionism, saying “this is not a new thing.” The executive order directs agencies to close loopholes in how made-in-America products are measured.

TC ENERGY COULD MAYBE FIND A PATH FORWARD UNDER JOE BIDEN

Despite halting construction on the Keystone XL pipeline in anticipation of Biden canceling the permit. TC Energy spoke optimistically of the future as it invited oil shippers to bid for capacity expected to be made available on the existing base Keystone export pipeline system. OIL AND GAS INDUSTRY FORECASTS SMALL SPENDING RISE AFTER SLASHED BUDGETS IN 2020

A forecast calling for a modest increase in capital spending in the Canadian oilpatch this year after a tumultuous 2020 of budget slashing is being hailed as a sign of better times ahead for the industry. The Canadian Association of Petroleum Producers said capital spending by oil and gas companies in Canada this year is expected to rise by $3.36 billion compared with 2020.

O’REGAN REBUFFS CALLS TO IMPOSE SANCTIONS ON U.S OVER KEYSTONE XL CANCELLATION

Canada’s natural resource minister rejected calls to issue sanctions on the U.S over President Biden’s revoking of permits for the Keystone XL pipeline expansion. Saying that a entering a trade war is not in the best interest of Canada’s oil and gas workers, a statement supported by Prime Minister Trudeau.

TRANS MOUNTAIN PROJECT FACES A YEAR OF CHALLENGES AND OPPORTUNITY

The strategic importance of the Trans Mountain pipeline project has significantly increased following the cancellation of the Keystone XL pipeline. In 2021, the project plans to make significant progress on work to twin the existing 1,500 kilometre Albertato-British Columbia pipeline. Hiring and project spending are expected to increase as additional sections of the pipeline are built.

WESTERN REGION

SASKATCHEWAN ANNOUNCED NEW PROJECTS TO REDUCE METHANE EMISSIONS AND INCREASE GAS PRODUCING CAPACITY

The three projects take advantage of the Government of Saskatchewan’s oil and gas incentives. Highrock Resources Ltd., along with its joint venture partner, Kindersley based Verdera Energy, is conditionally approved in the SPII program for their approximately $1.5 million investment in a new flare-gas-to-power project. Steel Reef is conditionally approved in the OGPII program for a project to expand gas processing facilities.

ALBERTA OIL COMPANIES SAY THEY HAVE REACHED ‘NET NEGATIVE’ EMISSIONS Enhance Energy and Whitecap Resources both use carbon capture technology to stash emissions far below the surface. CO2 is stored using carbon capture technology, which also helps produce more oil. Both companies are reporting this has allowed them to achieve ‘net-negative’ greenhouse gas emissions.

TANSLINK EXPANDS BATTERY-ELECTRIC BUS FLEET WITH $16M PURCHASE Due to a $16 million investment from Canada’s gas tax, the first fully battery-electric bus line in Metro Vancouver will be fully operational in 2022. The federal government and TransLink said the money will be used to purchase 15 battery-electric buses from Canadian manufacturer Nova Bus.

CLEAN SURREY ELECTRIC VEHICLE CHARGING NETWORK GM CANADA TO INVEST $1 BILLION FOR ELECTRIC VEHICLE PLANT IN ONTARIO

CANADA GREENLIGHTS THREE OFFSHORE DRILLING PROJECTS OFF NEWFOUNDLAND COAST

Federal, provincial and British Columbia municipal officials announced funding for the Clean Surrey Electric Vehicle Charging network. The project involves installing approximately 40 dual-port, level-2, electric vehicle charging stations at 10 community centres, recreation centres and pools across the city. The Government of Canada investing $274,054, through the Green Infrastructure Stream of the Investing in Canada plan. The Government of British Columbia is contributing $228,356 through the CleanBC Communities Fund, part of the Investing in Canada plan’s Green Infrastructure Stream, and the City of Surrey is contributing $182,727 to the project. Unifor members voted to approve General Motors Canada’s plan to invest $1billion in an electric vehicle plant in southern Ontario. Large-scale commercial production of BrightDrop EV 600s, an all-electric van, is set to begin next year.

Three fossil fuel firms are being allowed to proceed with offshore drilling plans in the Atlantic Ocean. Environment and Climate Change Minister Jonathan Wilkinson announced that Chevron Canada, Equinor Canada, and BHP Petroleum (New Ventures) can move forward with drilling projects east of St. John's, N.L.

ONTARIO / QUÉBEC REGION

CANADA INVESTS IN PILOT PROJECT TO REDUCE EMISSIONS IN QUÉBEC FUEL SHORTAGES POSSIBLE IN ONTARIO AND QUÉBEC IF MICHIGAN BLOCKS ENBRIDGE’S LINE 5 PIPELINE

The Government of Canada announced a $97,000 investment to help a Quebec trucking company lower its fuel costs and reduce greenhouse gas (GHG) emissions form its heavy-duty vehicle fleet. Funding is for installation of 296 SmartWay-certified aerodynamic equipment retrofits, which will reduce the annual GHG emissions of its 135 vehicles by an estimated 250 tonnes and improve the company's competiveness. The mayor of Sarnia says the city faces potentially 5,000 jobs losses in the coming months, well the province faces potential fuel shortages if Michigan succeeds in shutting down the pipeline. Michigan Governor has served Enbridge with notice the state is cancelling a decades old easement allowing its Line 5 pipeline, which requires the shut in of the pipeline in May. Enbridge is challenging the easement cancellation in court and has vowed to continue using the line.

ATLANTIC REGION

IRVING OIL REQUEST FOR INCREASES IN PETROLEUM WHOLESALE PRICES

Initial hearing into the request started January 25th, in front of the New Brunswick Energy and Utilities Board. Supporters for the increase are sighting the possibility of the company shutting down if their request is not approved, with those against it warning the board against being manipulated.

Get to know companies and leaders from Canada’s gasoline and convenience sector in the new monthly podcast Pump Chats. Hear from industry analysts on what’s next for the industry, how it's weathering COVID-19, and its evolution to a cleaner, more sustainable tomorrow.

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EPISODE 7 Ryan Dermody President, Norcan Petroleum Group Inc.

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